The San Francisco Peninsula (Photo credit: Wikipedia)
ROUGHLY two decades ago, during an earlier Internet start-up boom, many entrepreneurs and fast-typing coders and engineers set up shop in a still-gritty area of this city: South of Market Street.
The young tech crowd rented — and sometimes bought — in commercial buildings in this former warehouse area, converting them into “work-live” spaces where they operated their nascent companies and slept (once in awhile).
The boom-and-bust cycles in the tech sector move quickly, and the pace of constant reinvention and innovation is relentless.
The same is true of tastes in real estate. Today a new generation of tech dreamers is back in the South of Market area. But this time they are breathing life into a start-up wave not previously seen in San Francisco: high-rise condo living.
Editor’s note: Another poll showing the top ten and bottom ten states. Pennsylvania does not appear on either list but several states around us make one or the other. Some surprises and some expected results.
A new poll suggests that today’s relatively affluent states are likely to still be among the best places to live in the future. But residents in those states often are less optimistic about the future than those in poorer states.
The Lehigh Valley housing market continued to rebound in April, with sales and prices up from a year ago.
A total of 466 homes sold in April in Lehigh and Northampton counties, up 24.9 percent from the same month a year ago, according to the Prudential Patt, White Real Estate HomExpert Market Report. The median sale price was $170,000, up 6.3 percent from a year ago and up 8.4 percent from the median sale price in March.
April was the tenth consecutive month of year-to-year sales increases and it was the second straight month of price increases. If the sales pace and price trends holds, it will mean the local housing market bottomed out last year.
Editor’s note: No city in Pennsylvania made either list.
According to 24/7 Wall Street the best run city in America is Virginia Beach, VA. This city of 439,172 residents has a Aaa credit rating, a low crime rate, a low poverty rate and 93.1 percent of the adult population have graduated from high school. These among other factors catapulted Virginia Beach to the top of the list. Irvine, CA and Madison, WI rounded out the top three.
On the other end of the spectrum (definitely the list you DO NOT want to be on) is Miami, FL. This city of 400,892 people has a high crime rate, a high poverty rate and a very low percentage of adults who graduated from high school (68.2 percent). Other members of the wall of shame are Detriot, MI, Newark, NJ. and Cleveland, OH.
WASHINGTON—The American dream of homeownership has felt its biggest drop since the Great Depression, according to new 2010 census figures released Thursday.
The analysis by the Census Bureau found the homeownership rate fell to 65.1 percent last year. While that level remains the second highest decennial rate, analysts say the U.S. may never return to its mid-decade housing boom peak in which nearly 70 percent of occupied households were owned by their residents…