Posted in home

Bay Area home prices soar with suburban boom

With millions out of work, and restaurants, shops and retailers closing, one spot in the economy shines for thriving and affluent professionals — Bay Area real estate.

As if the devastating pandemic had passed over the tech campuses, Spanish-tiled roofs and Tesla-filled garages of Silicon Valley, luxury home sales exploded in August and drove median prices up 16 percent from the previous year to levels approaching the market peak in 2018.

The median sale price for an existing single family home in August in the Bay Area was $975,000, according to DQNews data. The gains were driven by a limited supply of properties for sale and a greater portion of high-end homes selling, agents and economists said.

“We’ve never seen such high price appreciation in a recession,” said Selma Hepp, deputy chief economist with real estate data firm CoreLogic. “The recession hasn’t hit everyone the same way.”

Year-over-year prices soared

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Posted in home remodeling

Make the most of your home improvement dollars | Suburban Life

Home improvement projects provide homeowners with a chance to put their own stamp on their homes. In addition, many such projects make homes safer and, in some instances, more eco-friendly.

The opportunity to make a home more comfortable, safer and/or more eco-friendly entices many homeowners to open their wallets. In fact, the Home Improvement Research Institute estimates that the home improvement products market will grow by more than 5% in 2018.

Homeowners might experience some sticker shock when researching home improvement projects or receiving estimates from contractors. But there are ways for budget-conscious homeowners to transform their homes and still make the most of their home improvement dollars.

• Do your homework. Each year, Remodeling magazine publishes its “Cost vs. Value Report,” a comprehensive study of 21 popular remodeling projects in 149 United States markets. The report notes the value each project retains at resale in 100 markets across the

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Posted in remodeling

Home & Remodeling Show returns this weekend to St. Charles Convention Center | St. Charles County Suburban Journals

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The 40th anniversary Builders Home & Remodeling Show, presented by LP® Smartside® Trim & Siding, returns this weekend to the St. Charles Convention Center, according to a press release.

The show, which will take place Sept. 25-27, at the convention center, 1 Convention Center Plaza, in St. Charles, has what people need to plan and complete their home, yard and garden projects in one convenient location.

Local companies bring countless experts to this event who offer valuable home improvement knowledge and advice. It will allow area companies and consumers to connect and easily get that next project started.

For the show’s producer, the Home Builders Association of St. Louis and Eastern Missouri, the safety of show attendees and exhibitors is top of mind.

A clean, well-thought-out environment will be a place for local companies to get back to business and for homeowners to access

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Posted in home remodeling

Capitalizing On The Suburban, Multi-Generational Home And Office

The census bureau will release new home construction figures for August tomorrow. An earlier prediction of a 6.6% contraction for 2020 is dire but new residential construction is already rebounding since April with rising prices buoyed by low supply and mortgage rates. Nevertheless, commercial real estate, especially on the retail side, is projected to suffer due to a surge in eCommerce activity, home offices and overall safety and quality-of-life concerns in crowded cities.

Now that many of us working adults have worked remotely and experienced the advantages as well as the trials and tribulations of this set-up for the first time, let’s take stock of what will likely be life and work-at-home in 2021. The added complexity of having children partially or fully engaged in distance learning as mandated by their school district only adds to this conundrum. To make a perfect trifecta, let’s also throw the depressed job market

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