October 2020 – Page 3 – SocketSite™

Breaking News Bubble (Or Not) Industry Stuff Listings (for sale) Real Estate Economics RealRecentReductions Trends

Number of Homes for Sale in S.F. Hits a Two-Decade High

October 20, 2020

Following a trend which shouldn’t have caught any plugged-in readers by surprise, as its basis was in place prior to the pandemic having hit, the number of homes on the…

Breaking News Industry Stuff Real Estate Economics Rentals Trends

Rents Continue to Tumble in San Francisco

October 19, 2020

Despite offers of up to three months free rent, cash incentives to sign a new lease and advertised rents having already dropped over 20 percent on a year-over-year basis, the…

Breaking News Commercial East Bay Industry Stuff

Office Vacancy Rate in the East Bay Ticks Over 14 Percent

October 19, 2020

As in San Francisco, the vacancy rate for East Bay office space has just ticked back over 14 percent, which includes 3.6 million square feet of un-leased space along with…

Breaking News East Bay Real Estate Economics San Jose (And South) Trends

Bay Area Employment Rebound Sputters

October 16, 2020

Having dropped by over 90,000 from March through May, yielding an unemployment rate of 12.7 percent, the number of people living in San Francisco with a paycheck rebounded by 33,000…

Industry Stuff Listings (for sale) Real Estate Economics Trends

Sub-Million Dollar Listing Levels Tick Up Again in San Francisco

October 16, 2020

With the number of homes on the market in San Francisco nearing a two-decade high, and the percentage of homes on the market listed for under a million dollars having…

Breaking News Real Estate Economics Trends

Benchmark Mortgage Rate Drops to a New All-Time Low

October 15, 2020

Having moderated around 2.9 percent since early September, the average rate for a benchmark 30-year mortgage inched down 6 basis points over the past week to a new all-time low…

Breaking News Commercial Industry Stuff Real Estate Economics Trends

Nearly 12 Million Square Feet of Vacant Office Space in S.F.

October 14, 2020

In addition to 5.6 million square feet of directly vacant, un-leased office space spread across the city, which is up from around 3.7 million square feet of un-leased space at…

Apples To Apples Bay Buildings Real Estate Economics RealRecentReductions Rentals

Reduced Rents and Pricing for a Prized View Condo

October 14, 2020

Purchased from the sales office for $3,149,500, or roughly $2,003 per square foot, back in June of 2016, the “highest and largest” two-bedroom, two-bath unit in the Lumina tower at…

Breaking News Industry Stuff Real Estate Economics Rentals Trends

Another Wave of Vacancies Poised to Roil the Market in S.F.

October 12, 2020

While the vacancy rate for larger, multi-unit apartment buildings in San Francisco had only ticked up from around 5 percent in the second quarter of last year to around 6…

Breaking News Listings (for sale) Real Estate Economics RealRecentReductions Trends

Asking Prices Drop in San Francisco, Expectation Gap as Well

October 12, 2020

With the number of homes on the market in San Francisco nearing a two-decade high, a move which shouldn’t have caught any plugged-in readers by surprise, and the asking price…

Parklife on An Opportunity to Capitalize on a Bernal Heights Blaze
Except that the S&P return during that same period was approximately 88%, without holding costs (albeit assuming this was leveraged,…
Brahma (incensed renter) on An Opportunity to Capitalize on a Bernal Heights Blaze
If anything good can come from this, hopefully tthose who aren't cheerleading development and have concerns about neighborhood character will…
Jack on An Opportunity to Capitalize on a Bernal Heights Blaze
I guess it’s hard to argue with value engineering low income housing, but what a shame they were not able…
Brahma (incensed renter) on An Opportunity to Capitalize on a Bernal Heights Blaze
A joint venture led by three local developers including Bernal Heights Housing Corporation, Tabernacle Community Development Corporation, and Mitchelville Real…
Brahma (incensed renter) on Pace of Home Sales in San Francisco Drops
Lurie's key claim — and the big point in his favor relevant for this thread — is that he was…
Neighborhood Activist on Pace of Home Sales in San Francisco Drops
Your guess is as good as mine. He may be really good for SF, or he may be worthless. I…
Notcom on Pace of Home Sales in San Francisco Drops
Yes it is, definitely...one of the two.
sf on Pace of Home Sales in San Francisco Drops
Daniel Lurie as mayor... is this a turning point for San Francisco or more of the same?
Brahma (incensed renter) on Another 2 Million Square Feet of Vacant Office Space in San Francisco
That's not surprising and it's probably just an opener. The City Controller’s Office put out a report fairly recently that…
Neighborhood Activist on Pace of Home Sales in San Francisco Drops
I feel like this might be a psychological experiment to see when the last of us gives up and goes…

Number of Homes for Sale in S.F. Hits a Two-Decade High

Rents Continue to Tumble in San Francisco

Office Vacancy Rate in the East Bay Ticks Over 14 Percent

Bay Area Employment Rebound Sputters

Sub-Million Dollar Listing Levels Tick Up Again in San Francisco

Benchmark Mortgage Rate Drops to a New All-Time Low

Nearly 12 Million Square Feet of Vacant Office Space in S.F.

Reduced Rents and Pricing for a Prized View Condo

Another Wave of Vacancies Poised to Roil the Market in S.F.

Asking Prices Drop in San Francisco, Expectation Gap as Well

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Pace of Home Sales in San Francisco Drops

Asking Rents in San Francisco Are Ticking Up, But…

Benchmark Mortgage Rate Poised to Inch Down

Asking Rents in Oakland Tick Up, Down Year-Over-Year

Month: October 2020

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