Ms. San Francisco Real Estate (Janice Lee)

La Jolla, CA.--Last month’s Bay Area home sales bounced up a bit more off bottom, fueled in large part by investors with cash who were buying discounted properties in the lower half of the price spectrum. The median price paid for a home dropped year-over-year for the 17th month in row, a real estate information service reported.   A total of 5,702 new and resale houses and condos sold in the nine-county Bay Area in February. That was up 4.1 percent from 5,479 in January, and up 14.2 percent from 4,991 in February 2011. The year-over-year sales increase was the eighth in a row, according to San Diego-based DataQuick. A January-to-February sales increase is normal for the season. Last month’s sales count, which got a lift from an extra business day thanks to the leap year, was the highest for a February since 6,305 were sold in 2007. It was 9.0 percent below the February average of 6,268 sales going back to 1988. The sales pace for most months last year was

50 Commons Ln | Foster City, CA 94404 | Listing #394926 Bright tri-level 2 bedroom 2 bath corner City Homes townhouse. As you enter this beautiful home, you are greeted with a spacious living room with vaulted ceilings, fireplace and patio. On the second floor, there is a separate formal dining room, oak cabinets, tiled counters & stainless steels appliances in the kitchen. A bedroom and bath complete this level. A built in desk and bookshelf are located in the landing area as you walk up the stairs to the third floor master bedroom. The master bedroom features high ceilings, walk-in-closet and a large bath. In unit washer/dryer. Interior access to 2 car garage with lots of storage. Walk to park, lake, restaurants, library, Safeway, and Costco. Excellent schools. Easy access to HWY 92 & 101. Low HOA dues include earthquake insurance.   Tri-level 2 bedroom 2 bath corner townhouse  Oa

Janice Lee International President’s Circle Top Producer, Realtor 415-832-9151 JaniceFLee@Gmail.com www.JaniceLeeHomes.com www.Bridge-SF.com DRE #01720205

When billionaire Warren Buffett talks, people listen. And lately the Oracle of Omaha has been talking a lot about real estate and why now is the right time to be investing in housing. In fact, Buffett went so far in an interview on CNBC’s “Squawk Box” as to say that he’d “buy up a couple hundred thousand” single-family homes if it was practical for him to do so. Buffett said he believes purchasing a home with today’s historically low mortgage interest rates and holding it for the long-term has actually become a better investment than stocks right now. This, from someone who has always put stocks above all other investments. In his annual letter to shareowners, Buffett wrote, “Housing will come back, you can be sure of that.” In explaining his investment picks and pans, Buffett said he would shy away from gold and treasuries, the latter of which he said will not keep up with inflation, particularly after taxes. Instead he said he prefers to put his money into investments that he consid