Luxury House Hunting From 2500 Feet Above Takes Off In Bay Area
MOST HOME BUYERS ARE USED TO CONDUCTING A WALKTHROUGH OF THE PROPERTY THEY’RE CHECKING OUT. BUT SOME REALTORS IN THE BAY AREA ARE GOING ABOVE AND BEYOND THAT LITERALLY! ONLY ON FIVE: REPORTER BETTY YU SHOWS US HOW.
SOME CLIENTS ARE TAKING ADVANTAGE OF HELICOPTER TOURS. NATS This is how many foreign buyers are first seeing some of the.
SF PLANNING Housing
It seems like everyone in san Francisco’s talking about housing lately and with good reason San Francisco housing prices are among the highest in the nation the median home price recently topped one million dollars and rents continue to rise unfortunately this isn’t the first time the press at housing has been in the news for decades not just in San Francisco the bay area and throughout California.
The cost of a home has made headlines the median price for a house in the United States is 207,000 dollars in California it’s more than twice and then the Bay Area has even higher prices in separate disk is median home price his name within double the state’s so while more than half american can afford to buy how’s the median price fewer than a third key in california in less than a quarter can afford one in the Bay Area.
And now fewer than iOS 6 have seen franciscans can afford the cost to the median home in the city so why is housing in san Francisco’s too expensive there are several theories here the fax well there’s the obvious there’s a high demand to live here and why not the city is known worldwide for its cultural diversity physical beauty and funloving spirit I love which continue to attract new residents.
Year after year there’s also the incredible opportunity our city in region’s diverse and dynamic economy continues to expand and grow giant as a result we now estimate that the number of jobs in San Francisco is also at an alltime high over 600,000 in 1980 72 because population is roughly 685,000 sense then the city’s population has grown steadily and relatively quickly the most recent estimate show our population approaching.
840,000 the highest in the city’s history and it’s not just him to score that’s growing the Bay Area has two million residents and one million more jobs today than it did in nineteen eighty and this growth is expected to continue by the year 2040 the Bay Area is projected to grow to 9.3 million people in 4.5 million jobs unfortunately our housing supply has been able to keep up with increasing demand.
There’s no denying C Francisco estimates to building them but you might not realize is the majority construction you see new is housing that had been suspended for years to the 2008 recession well population has increased by 24 percent since nineteen eighty housing has only increased by about 19 percent we don’t plan for can produce housing along with job and population growth the custom housing will only increase CTO how do we plan for population growth in housing needs.
The regional housing need allocation or bean identifies the total number of housing units by affordability level necessary to support the residents San Francisco incorporates the renin to its housing unit which guides the city’s housing league goals and policies the remit at a place is technically can’t rule in developing neighborhood planned specific to responsibly accommodating growth throughout San Francisco these plans developed by years obsidian community planning efforts.