Stay-at-Home Order for Bay Area Counties
The City and County of San Francisco, along with Alameda, Contra Costa, Marin, San Mateo and Santa Clara Counties, as well as the City of Berkeley, have just issued “stay-at-home”…
Pace of Home Sales in San Francisco Falls
While the pace of home sales in San Francisco was already starting to slow last month, the slowdown in contract activity has become more pronounced over the past two weeks.…
Number of Homes on the Market in SF Hits a 9-Year High
Continuing to follow a trend which shouldn’t catch any plugged-in readers by surprise, the number of homes on the market in San Francisco has jumped 50 percent since the Super…
The Fed Just Dropped Rates to Near-Zero, And…
Having already rolled out an emergency rate cut of 50 basis points two weeks ago, the Federal Reserve has just announced an even larger cut of a full percentage point…
Bay Area Employment Revised Down, Prior to Any COVID-19 Hit
The estimated number of people living in San Francisco with a paycheck slipped from a (downwardly-revised) record 578,100 in December to 573,000 in January with typical seasonality in play. But…
Refreshed Noe Valley Condo Suddenly Returns
As we outlined at the end of last year: Purchased for $1.95 million in June of 2015, the 1,753-square-foot unit #7 in the former St Paul’s Primary School building at…
Charges Against Former Building Commission President Grow
As we first reported back in 2018: San Francisco’s City Attorney, Dennis Herrera, has just filed suit against construction engineering firm Santos & Urrutia Associates, its principals and several clients…
Benchmark Mortgage Rate Inches Up, Short-Term Rates Drop
Having dropped to an all-time low of 3.29 percent last week, the average rate for a benchmark 30-year mortgage has since inched up 7 basis points to 3.36 percent but…
Mid-Market Infill Tower Closer to Being Entitled, But…
The Draft Environmental Impact Report (EIR) for the proposed 27-story infill tower to rise on Nordstrom’s underdeveloped parking lot parcel at 469 Stevenson Street has just been released by Planning…
Reports of Illegal Airbnb-ing Back on the Rise in San Francisco
While the number of formal complaints related to illegal short-term rental activity in San Francisco had been on the decline since the second quarter of 2016, following the passage (and…