Pending Home Sales in the U.S. Hit a Record High

Pending Home Sales in the U.S. Hit a Record High

Having ticked up 5.9 percent in July, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, rose another 9.8 percent in August to an all-time high of 132.8 and is now running 24.2 percent above its... Read More »

Small Business Eviction Can Kicked Down the Road

With Governor Gavin Newsom having inked an extension of Executive Order N-28-20 last week, which will allow local jurisdictions in California to continue banning the eviction of commercial tenants impacted by the COVID-19 pandemic through March 31 of next year (2021), Mayor London Breed has just authorized a modified... Read More »

Index for Bay Area Home Values Inches Up and Down

Index for Bay Area Home Values Inches Up and Down

Having slipped in May and June, 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 – inched up 0.9 percent in July for a year-over-gain of 2.5 percent versus a 4.8 percent gain... Read More »

San Francisco Rents Just Dropped Even More

San Francisco Rents Just Dropped Even More

Having slipped under $3,600 in August, the weighted average asking rent for an apartment in San Francisco has just dropped to under $3,400 a month, which is down nearly 6 percent over the past month alone (having dropped closer to 3 percent a month over the prior quarter), down... Read More »

Sub-Million Dollar Listing Levels Tick Up in San Francisco

Having hit a 9-year high earlier this month, the number of homes on the market which have been listed for under a million dollars has since ticked up another 15 percent to 640, representing 34 percent of all listed inventory versus 26 percent of the inventory on the market... Read More »

New Claims Drop but Ongoing Unemployment Ticks Up

New Claims Drop but Ongoing Unemployment Ticks Up

While the number of San Francisco residents that filed a new/initial unemployment claim dropped 16.5 percent to 21,332 August, from 25,534 in July, and the unemployment rate declined with a contraction in the labor force, the total number of active unemployment claims actually ticked up 3.1 percent in July... Read More »

Refined Plans for Building Up Central SoMa

Refined Plans for Building Up Central SoMa

While plans to construct a new six-story building rising up to 65 feet in height behind the brick façade of the two-story building at 531-535 Bryant Street, which was built in 1918 and flagged as a potential historic resource, were drafted and submitted to the City back in 2016,... Read More »

New San Francisco Flower Mart Closer to Reality

New San Francisco Flower Mart Closer to Reality

With the San Francisco Flower Mart Tenants Association having opted to permanently relocate rather than return to a new and improved Flower Mart at 6th and Brannan, once the existing Flower Mart site is completely redeveloped, the refined plans for the new San Francisco Flower Market, between 16th and... Read More »

Pace of New Home Sales in the U.S. Ticks Up, Inventory Drops

Pace of New Home Sales in the U.S. Ticks Up, Inventory Drops

Having jumped over 14 percent in July, the seasonally adjusted pace of new single-family home sales in the U.S. ticked up another 4.8 percent in August to an annualized rate of 1,011,000 sales, which was 43.2 percent above its pace at the same time last year and the highest... Read More »

No Red Flags for Bigger North Beach Project as Envisioned

No Red Flags for Bigger North Beach Project as Envisioned

As we revealed earlier this year: Having never recovered from stated concerns that a proposed four-story hotel to rise on the former Tower Records Annex turned bike rental parcel at 1196 Columbus Avenue, a development which was originally branded and designed to specifically target millennial travelers, would attract “late-night... Read More »