Blog
Six states where housing is hard to find: Here’s what governors are doing about it
Politicians risk the wrath of voters if they can’t make headway on an issue that has huge financial ramifications for most households. Population changes spurred by the pandemic. Byzantine zoning laws that make construction agonizingly slow and expensive. Stagnant wages amid stubborn inflation rates.
California’s homeownership rate hits 13-year high — with a catch
“Numerology” tries to find reality within various measurements of economic and real estate trends. Buzz: California’s homeownership rate hit a 13-year high last year – if you ignore the data-challenged, pandemic-twisted 2020 result.
Millennials Homeownership Is Soaring in California
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.
Burgundy’s Domaine Faiveley Buys Control of Sonoma’s Williams Selyem
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.
One of every 5 new homes built in California last year was an ADU
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.
Wine Country’s popular ‘gateway’ winery has sold
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