Items Tagged with 'San Francisco real estate'

ARTICLES

  • Real estate startup ZeroDown secures $100 million to buy San Francisco homes for its customers

    Buys chosen property, asks no down payment, and leases property to customer
    Real estate startup ZeroDown, which launched earlier this year, boasts a unique business model. Aiming to help more people become homeowners in the pricey San Francisco Bay Area, the company removes several of the largest hurdles from the homebuying process, namely the down payment and mortgage, and buys homes for its customers outright. When the company launched in June, it had $30 million in its coffers, and now, the company is ready to expand after securing $100 million in debt financing from Credit Suisse.
    Read More
  • Real estate startup ZeroDown will help you buy a house in San Francisco with no down payment

    Startup launches with $30 million in funding
    It’s fairly well known at this point that San Francisco is one of the country’s (if not the world’s) craziest housing markets. Houses there are incredibly expensive, and only getting more so. Heck, even ramshackle San Francisco shacks are listed for $2.5 million. But, now, there’s a way for people to buy a house in San Francisco for as much as $1.75 million with no down payment.
    Read More
  • San Francisco goes after “scofflaw” landlords who ran “illicit hotel chain” on Airbnb

    City fines property owners $2.25 million, prohibits them from renting until 2025
    The city of San Francisco, which has some of the strongest laws protecting against the spread of short-term rentals in multifamily buildings, is levying serious sanctions against a pair of landlords who knowingly and willingly ignored the city’s laws by running an “illicit hotel chain” of short-term rentals on Airbnb.
    Read More
  • San Francisco’s definition of low income is shocking

    HUD says households earning upward of 6 figures qualify for low-income housing
    You’re pulling in more than $100,000 a year to support your family of four, and you think you’re doing pretty well, right? Wrong. Not in San Francisco, you’re not. According to the latest report from the HUD, four-person households in the Bay Area that make less than $117,400 can qualify for certain low-income housing programs. That’s the highest in the nation.
    Read More
  • Monday Morning Cup of Coffee: Gloves come off in Warren vs. Mulvaney

    CFPB architect accuses acting director of being evasive and misleading about agency
    The battle between Sen. Elizabeth Warren, D-Mass., and CFPB Acting Director Mick Mulvaney just hit a whole other level. Warren, the architect of the CFPB, accused Mulvaney of ignoring or providing “evasive, misleading, or incomplete answers” to more than 100 questions asked of him by Democrats about the CFPB's activities. But Warren’s letter isn’t just tough talk. As the kids say, she’s got receipts.
    Read More
  • Monday Morning Cup of Coffee: LinkedIn invests $10m in Silicon Valley affordable housing

    The rent is too damn high!
    Every week, it seems like there’s another example of people (or companies) going to extremes to secure housing in the Bay Area. Earlier this year, Facebook and Google both announced plans to help build new, affordable housing in Silicon Valley. And now, LinkedIn is joining in too. All that, and more, in your Monday Morning Cup of Coffee.
    Read More
  • San Francisco’s largest landlord signs on with Airbnb

    Short-term rental site also inks deal with Pillow to aid with multi-family rentals
    Residents who rent an apartment from San Francisco’s biggest landlord may soon be able to rent out their apartment through Airbnb, thanks to an agreement between Airbnb, Veritas Investments, and Pillow, a San Francisco-based startup that helps apartment owners turn units into short-term rentals. Here are the details.
    Read More
  • Bay Area residents consider great exodus in response to rising home prices

    Median home price hits $804,000
    A recent report from the California Association of Realtors showed the state’s infamous housing situation isn’t getting any better, with the number of people that can afford the Golden State’s averaged-priced home dropping even lower. Now, these growing home prices sparked more than half of its residents to express their desire to leave the Bay Area.
    Read More
  • Low commission, tech-focused real estate company Reali closes $5 million funding round

    Plans expansion into entire San Francisco area
    Reali, a real estate company that offers lower commissions and a tech-focused experience for home buyers and sellers, announce that it plans to expand its operations throughout San Francisco after it closed on a $5 million round of funding. In addition to expanding in the San Francisco area, the company said that it will use the money to fund technological advancements, brand marketing, and market expansion.
    Read More