Blog

After waiting years for the right time to buy, millennials are now getting on the property ladder in droves, especially in California’s Bay Area. In San Francisco, 37.8 percent of new mortgages issued last year went to older millennials aged between 35 and 44, according to Redfin analysis of Home Mortgage Disclosure Act (HMDA) data covering purchases of primary homes.

One of Burgundy’s power players has bought an iconic name in California Pinot Noir. Four years after acquiring a minority stake, Domaine Faiveley has purchased a majority share of Williams Selyem, the Sonoma-based winery founded by Burt Williams and Ed Selyem in 1979.

In 1984, Mike Bradley bought a brown-shingled home on a quiet street in central Berkeley. Forty years and three generations later, the Bradley family has grown — and so has their home. In 2009, the family built an addition, which Mike got when his son, Michael “Casey” Bradley, moved into the main house with his wife, Daphnée St Pierre, and their two children.

Sonoma’s Ram’s Gate Winery, which produces single-vineyard Chardonnay and Pinot Noir from top California sites, has sold to beverage conglomerate O’Neill Vintners & Distillers. At first glance, O’Neill’s acquisition of the Sonoma winery is unexpected, since the company has historically focused on less expensive and trend-driven wines

NAPA, Calif., May 17, 2024–(BUSINESS WIRE)–Napa Valley College broke ground on the Wine Spectator Wine Education Center today, followed by a special ceremony attended by students, faculty and community dignitaries. This is the first of two phases to build The Napa Valley College Wine Education Complex

Married couples can shield up to $500,000 in home sale profits from capital gains, and single filers can exempt up to $250,000. In 2023, nearly 8% of U.S. home sales yielded profits exceeding $500,000, compared with about 3% in 2019, according to a new report.