First American Homebuilder in Northern California Blog

From the article:Home prices in the Sacramento region are expected to rise 5.6 percent over the next 12 months, well above the 1.7 percent expected national increase, and in addition to a 3.4 percent hike over the last year, officials at Zillow said. The market tracker said home values are back to March 2002 levels, and suggested Sacramento’s...

From the article:The stop-and-start redevelopment of the San Francisco Bayview District’s Third Street is picking up speed once again. Holliday Development plans to break ground next spring on another 171 housing units at 5800 Third St. as the 137-unit first phase of the development approaches sellout. Holliday has now sold more than 100 units...

From the article: A 21-story residential tower is marching toward reality in Downtown San Jose. KT Properties Inc. and Essex Property Trust filed a site development permit Oct. 15 for a 285-unit, 261,000-square foot mixed-use apartment building located at 1 South Market, according to public records. In July, the Business Journal reported that KT...

From the article:The owner of iconic Pete’s Harbor in Redwood City will ask the Planning Commission to approve permits allowing developers to convert the floating community into a 411-unit waterfront housing complex that could uproot the boat-dwelling tenants who call the marina home. Developer Paul Powers of RWC Harbor Communities is asking for a...

Single-family home prices continued to jump in the Bay Area in September, with the numbers suggesting the "move-up" buyer is back, the latest sign of the market's strength.

From the article:In the San Francisco, CA market in July, new home closings increased year-over-year, and the percentage lift was higher than June 2012, implying the market may be improving. There was a 42.5% climb in new home closings from a year earlier. This came after a 24.2% jump year-over-year in June. A total of 2,983 new homes were sold...