If you need proof the red hot Bay Area real estate market shows no signs of cooling, consider this. In Fremont, a buyer put up over a million dollars to purchase a house that's been condemned. The home sits mid-block on Bruce Drive. It was condemned in 2013, and has three-bedrooms, and two-bathrooms. The roof has holes and mildew is eating away the interior. The house Just sold for a whopping $1.23M.
A condemned house in Northern California with holes in the roof and mildew in the pipes sold last month for $1.23 million, a price that highlights skyrocketing home prices fueled by a housing shortage in the Bay Area.
LG Electronics told retailers on Wednesday that its laundry machines will get more expensive due to a tariff announced by the Trump administration earlier this week. An LG spokesman declined to comment as to how much more expensive the appliances will get, or on the timing of the price hike. But consumers should be prepared for prices to go up by 15% to 20%, said Dinesh Kithany, asmart home and appliances analyst with IHS Markit.