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Northern California Modern Home

Over the past year, homeowner equity in the Bay Area reached new heights. Home prices experienced a 34% gain, rising from $1.01 million in March 2020, to $1.35 million in June 2021. In addition to increased financial security and personal wealth, it also brings an opportunity for homeowners to unleash the equity in their homes for renovations or upgrades. The TJH Build on Your Homesite program is a cost-effective solution for homeowners to take advantage of the increased value of their existing home and build a new, custom home in its place. With equity growth soaring, Bay Area homeowners can build their dream home without leaving their current neighborhood.

 

“Equity levels at both ends of the spectrum improved in the Bay Area, as they did throughout the country. That’s mainly because most homeowners were still able to pay their mortgages at a time of rising home values. Even those who lost their jobs and couldn’t keep up with loan payments saw equity get better simply because home values kept increasing.”

— Todd Teta, Attom Executive

 


 

Bay Area home wealth surges during COVID-19

SiliconValley.com
August 17, 2021

 

READ ARTICLE
 

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Thomas James Homes (TJH) is the single-lot homebuilder unlocking invaluable access to new homes in the coolest neighborhoods. With more than 350 homes in annual production and divisions in Southern California, Northern California, the Pacific Northwest, Colorado, and Arizona, TJH builds design-driven homes in communities within major metro areas where new construction is rare and in demand. Its customer-centric new home solutions include options to build a new home on an existing homesite, customize a pre-construction home, or buy a market home curated by in-house design experts. Committed to long-term trade partnerships and recognized by the National Association of Home Builders for its award-winning agent program, TJH exists to help everyone in its marketplace thrive.

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