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Building “Affordable Housing”

Does the need for more housing that is affordable mean simply low-income housing? Projects that are being proposed focus on building small condos as the path to creating more affordable housing. That does not address what most residents want. If you look at the Santa...

Median Days On Market

The roughly two-year-long pronounced difference in house price growth between Santa Clara County and cities near San Francisco invites us to examine other trends. The volatility of “days on market (DOM)” makes it a trend that is harder to use when looking...

Removing Protected Trees

Many cities have enacted ordinances to protect various trees within their city. A long-time Palo Alto homeowner recently achieved a court ruling forcing his neighbor to remove Coast Redwood Trees whose roots were damaging his house. The legal actions were made more...

Bay Area Rents See Biggest Drop?

Although JLee Realty does not handle rental properties for clients, we watch what is happening in it to better understand Santa Clara real estate. On Sept 17, 2023, the San Jose Mercury News published an article titled “Bay Area rents see biggest drop in 27 months“....

1031 Exchange – Flipping Houses

A 1031 exchange is used to defer taxes on the sale of your investment property when your proceeds are invested in a new investment property. Although you probably consider a house you bought with the intention of flipping to be an investment, it is not considered by...