Near-record-low mortgage rates are making buying a better choice in some areas of the state. Also, luxury home sales soar, bow to the best-selling master-planned community in the state, and apartment rents slide, again.
The pandemic is pushing rents lower in the Bay Area and higher in inland areas. Also, Apple allocates $400 million for affordable housing, high-end home prices harder hit than most and higher prices are being offset by record-low mortgage rates.
Stitch Fix has announced plans to leave much of its customer representatives from San Francisco to other U.S. cities. Affected employees could buy a house and save a ton of money. Also, home-flipping sales soar but profits tumble, Welk Resorts agrees to $5.4 million settlement with timeshare owners, and a 60-hour work week is needed to pay the rent in many cities in California.