Articles Filed Under: Breaking News

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The Target Dates and Plan to Fully Reopen San Francisco

With restrictions on construction projects, residential moves and in-person showings of homes having been eased back at the end of April, at which point some outdoor facilities and businesses were allowed to reopen as well, the tentative plan and dates for the complete economic and social reopening of San... Read More »

Benchmark Mortgage Rate Drops to a New All-Time Low

Benchmark Mortgage Rate Drops to a New All-Time Low

Having inched down last week, the average rate for a benchmark 30-year mortgage has since shed another 9 basis points (0.09 percentage points) to 3.15 percent which is 8 basis points below its previous all-time low of 3.23 percent and 84 basis points below its mark at the same... Read More »

Pace of New Home Sales Holds with a Sales Price Drop

Pace of New Home Sales Holds with a Sales Price Drop

Having dropped (an upwardly revised) 13.7 percent in March, the pace of new single-family home sales in the U.S. was effectively unchanged in April (up 0.6 percent), for a seasonally adjusted annual rate of 623,000 sales (which is 6.2 percent lower than at the same time last year). But... Read More »

Index for Bay Area Home Values Hits a New High, But…

Index for Bay Area Home Values Hits a New High, But…

Having ticked up an upwardly revised 1.2 percent in February, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – ticked up nearly two (1.8) percent in March to a new all-time high.... Read More »

Bay Area Unemployment Hits 13 Percent, Labor Force Shrinks

Bay Area Unemployment Hits 13 Percent, Labor Force Shrinks

Based on employment data through the second week of April, at which point the ongoing impact of the COVID-19 pandemic was still picking up steam, the estimated number of San Francisco residents with a paycheck has dropped by nearly 92,000 over the past two months to 482,100 and the... Read More »

Bay Area Unemployment Claims Continue to Climb

Bay Area Unemployment Claims Continue to Climb

Having already rocketed to over 44,300 in March, versus having averaged around 3,500 a month over the previous six years, the number of San Francisco residents that filed a new/initial unemployment claim climbed to over 57,500 in April, for a total of nearly 110,000 initial claims for San Francisco... Read More »

Pandemic Fells the Stud in Western SoMa

Pandemic Fells the Stud in Western SoMa

Founded on Folsom Street back in 1966 and then relocated to the northeast corner of 9th and Harrison in the late 80s, San Francisco’s iconic Stud bar will be relinquishing its lease at the end of this month, hobbled by the pandemic related shutdown and slated to be marked... Read More »

Number of Homes on the Market in San Francisco Jumps

Number of Homes on the Market in San Francisco Jumps

Driven by a dramatic slowdown in sales while listing activity has since rebounded, the number of homes on the market in San Francisco has jumped 35 percent over the past two weeks to 830, which is 26 percent more than at the same time last year and a 9-year... Read More »

Tower Team Sued for Potential Loss of Spectacular Views (UPDATED)

Tower Team Sued for Potential Loss of Spectacular Views (UPDATED)

As noted by a plugged-in tipster, the buyers of a $5.85 million, two-bedroom unit on the 55th floor of the new tower at 181 Fremont Street have just filed suit against the tower’s development team, agents and brokers involved in the sale back in late 2016, claiming fraud, deceit... Read More »

Benchmark Mortgage Rate Drops to an All-Time Low

Benchmark Mortgage Rate Drops to an All-Time Low

Having inched up last week, the average rate for a benchmark 30-year mortgage has since dropped 10 basis points (0.10 percentage points) and now measures 3.23 percent, which 91 basis points below its mark at the same time last year and a new all-time low by 6 basis points,... Read More »