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The bungalow became popular because it met the needs of changing times in which the lower middle class were moving from apartments to private houses in great numbers. Bungalows were modest, inexpensive and low-profile. Before World War I, a bungalow could be built for as little as $900 although the price rose to around $3,500 after the war ...
There are 43 available and affordable units for every 100 low income households below 50% of the area median income. [4] The average monthly inventory of homes for sale in Silicon Valley has seen a major decline in past years: in 2011, there were around 7,000 homes for sale each month; in 2018, there were just over 3,000. [3]
U.S. states and D.C. by median home price, February 2024 (in February 2024 dollars) [1] State rank State or territory Median home price in US$ 1 Hawaii: $839,013 2 California: $765,197 — District of Columbia: $610,548 3 Massachusetts: $596,410 4 Washington: $575,894 5 Colorado: $539,151 6 Utah: $509,433 7 New Jersey: $503,432 8 Oregon: $487,244 9
He added that multiple people tracked down the homeowner with low-ball offers to buy the home days after it was crushed. “They were trying to buy it for $250,000 or $300,000,” he said.
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The house is situated in East Gate Bel Air on Copa De Oro Road ('cup of gold' in Spanish), which was "coined to reflect the millionaire status of its inhabitants". [1] Copa De Oro Road was named in 2015 as one of the "15 Priciest Streets in America", with a median home value estimated at US$10.264 million.