Oakland wins “pro-housing” designation

Green Escrow Services | Oakland

Oakland is the first city in the Bay Area – and only one of seven in all of California – to be designated a “pro-housing” jurisdiction.

This means Oakland will speed up it’s planning and permission process. The city will also ease its restrictions of denser development near transit stops. Finally, Oakland will pledges to add more affordable housing in suburban neighborhoods that have long resisted low-income housing,

Oakland: The Place To Be?

Green Escrow Services | Oakland

We’ve all heard about the “livability” of San Francisco as well as how this quickly translates into unaffordability. A recent article in Bloomberg.com highlights how this housing frenzy has pushed it’s way across the Bay into Oakland.

Pricier homes are now going for 30 to 40 percent above asking price. Home values skyrocketed 16 percent in June over a year before while monthly rents increased 15 percent – the most in the United States.

And it’s not just residential units. Companies such as Uber have moved in -and the effect has been a 43 percent increase in office rents in the last two years. How far will it go? How much longer will it continue?