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In the latest data from real estate company Zillow, the typical home value in Oakland fell 11.4% in the past year to about $716,000, adjusted for inflation. The decline has led some to label the city one of the toughest housing markets in the country.
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Many Bay Area homeowners facing rising insurance premiums are also being asked to pay for costly upgrades before they can get or keep coverage, according to insurers and industry professionals. Insurers may require new safety measures, such as a gas shutoff valve, to reduce potential losses.
Oakland is launching a first-of-its-kind teacher housing project that many say could become a model for the rest of the country. It's an attempt to allow teachers to live in the communities where they work. It's all thanks in part to local nonprofit, The Oakland Fund.