Tag Archives: Southern California

Cats Have Their Own Apartment

Why Do Cats Meow
Photo Courtesy of Women’s World

Two cats in Silicon Valley are the pampered renters and sole occupiers of a $1,500 per month studio.

The landlord says the cats haven’t made much fuss, keep to themselves, lounge around in a cat tree most of the day, and always pay their rent on time—the prrrrfect tenants, you might say.

“It’s quirky isn’t it?” landlord David Callisch told CBS San Francisco (KPIX). “People love their pets, they’re part of their family.”

The father of Victoria Amith, a freshman at Azusa Pacific University in Southern California is paying for his daughter’s cats to have their own pad because she couldn’t take the cats, Louise and Tina, to her dorm with her when she started school. The man’s fiancé’s dog and the cats weren’t getting along at his home in the Bay Area, so he approached Callisch and offered to rent the studio, located behind a single-family home in Willow Glen, Calif., for the pets.

Studios in Willow Glen typically rent for just under $2,000 per month, KPIX reports, so the cats are getting a bargain at $1,500. Callisch feeds the cats every day. Amith visits them on breaks from school.

Amith emphasizes that the cats are using space in someone’s backyard and that the arrangement is temporary “There’s obviously a huge housing issue in the area, and I don’t want people to be like, ‘Oh, this is taking away the housing,’” Amith told KPIX.

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    Housing Inventories Rising Faster Than Usual

     

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    Photo credit: http://amazingdata.com/worlds-largest-and-tallest-wooden-houses/

    The number of homes for sale rose 4.3 percent in June to 1.9 million—the highest level in the past year. These gains are also higher than usual for this time of year, according to newly-released housing data from realtor.com®.

    Following two years of declines, housing inventory is finally reversing course. More home owners are seeing rising prices and may be more apt to try to sell their homes.

    The number of homes for sale has risen the most in the past year in areas that had seen the largest declines, such as Sacramento, Calif. (up 11 percent), Atlanta (up 10.9 percent), Phoenix (up 6.2 percent), and Miami (up 2.2 percent). From May to June, inventories soared by the highest month-over-month amounts in Southern California, with inventories up 51.5 percent in Orange County, 45.7 percent in Los Angeles, and 18.1 percent in San Diego, according to realtor.com®.

    However, inventories of homes for sale remain far below last year’s level in markets such as Boston (down 35.1 percent), Denver (down 30.1 percent), Detroit (down 25.7 percent), Seattle (down 23.2 percent), and San Francisco (down 21.7 percent).

    Realtor.com® also reports that median asking prices climbed 0.5 percent in June from May, reaching $199,900. Median asking prices are up by 5 percent over last year.

    Source: “Housing Listings Multiply in June,” The Wall Street Journal (July 15, 2013)

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    Home Bidding Wars Are Back!

    Photo credit: http://ellyndembowskirealtor.blogspot.com/
    Photo credit: http://ellyndembowskirealtor.blogspot.com/

    The bidding wars are back. Seemingly overnight, many of the nation’s major housing markets have gone from stagnant to sizzling, with for-sale listings drawing offers from a large number of house hunters.

    The competition has been most intense in California, where 9 out of 10 homes sold in San Francisco, Sacramento and cities in Southern California drew competing bids during the month. And at least two-third of listings in Boston, Washington D.C., Seattle and New York generated bidding wars.

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