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Reali Roundup: The CA Exodus that Wasn’t 😅

February 20, 2021

2 MINUTE READ

Good morning, California! Hope you had a rad [deep breath] Valentine’s Day, Chinese New Year, President’s Day, and Mardis Gras (and/or Paczki Day, for all you party animals out there). We’re happy to report that the end of San Francisco has been greatly exaggerated, along with another dispatch on the push for more housing, this time from Sacramento.

Prevailing Exodus Narratives: Not What They Used to Be

What’s this all about?

Much has been made of the exodus from San Francisco to slightly more diffuse regions around the country – Austin and Miami come to mind. Welp, turns out that according to USPS change-of-address data, most Bay Area emigres resettled in counties pretty gosh darn close to where they hailed from. Between last March and November, the influx of new residents coming into the city remained constant, and the top six counties were all in CA: Alameda, San Mateo, Marin, Contra Costa, Santa Clara, and Sonoma.

What it means

What at first blush appeared to be San Franciscans of all stripes heading for the hills was actually them dispersing to a new goldilocks zone: far enough to stretch the legs, close enough for a night on the town. “You are not going to have to worry about getting them to move back from Boise,” said San Francisco economist Ted Egan. “It looks more like normal pre-COVID migration flows.”

 

Now, let’s plot your glorious return.

Sacramento Says, ‘Sure, In Our Backyard!’

What’s this all about?

Sacramento is set to green light a plan to end zoning that permits only one single-family home on a property. Almost 50% of all Sacramento land and 70% of its residential areas is devoted to single-family homes. According to the plan, up to four homes could be built on lots in neighborhoods that were previously only filled with single-family dwellings.

What it means

There’s a housing crush in California and Sacramento buyers are having a rough go of it. More density is an easy fix. Surprisingly, Sacramentans aren’t too up in arms about the plan, united by concerns about housing diversity and affordability in their city. It’s early days though, so stay tuned as more details of the plan are revealed.

 

Meantime, if you’re buying in Sacramento, or anywhere in California, and are struggling to get your foot in the door, consider a cash offer.

In the news

We Miss Mickey Too, But…

While legislators are pushing to reopen theme parks, we’re not quite ready to ride the tea cups just yet. 

Housing & The Greater Good

For the wonkish, here’s an interesting read on how Community Land Trusts might help tackle our housing woes.

The Best Ways to Level Up Your Home

They may require more than just elbow grease, but we can totally get behind all of these functional upgrades.

What’s An Immunity Garden You Ask?

We’re not sure how it’s different from a regular garden, but we’re probably going to get one anyway.

On the market

Ventura 3 Bed 2 Bath

Mid-century vibes mingle with Spanish style. Indoors meets outdoors. Mountains of potential.

Newark 3 Bed 3 Bath

“I’ll take one of everything, please,” said whoever built this 3-year old custom home.

Redwood City 3 Bed 2.5 Bath

This classic corner charmer has all the space you need to entertain … once it’s safe again.

San Ramon 2 Bed 3 Bath

Now this is the wow factor you’ve been looking for.

That’s all for now, friends! No holidays this week, now go out there and enjoy your Saturday!