Articles Filed Under: Breaking News

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35 Percent of San Francisco Residents Now Say They’re Likely to Leave

35 Percent of San Francisco Residents Now Say They’re Likely to Leave

According to the City of San Francisco’s latest City Survey, the percentage of San Francisco residents who say they are either “somewhat” or “very” likely to move out of the city in the next three years is up to 35 percent. That’s up from 27 percent two years ago,... Read More »

The Fed Just Cut Rates (For the Third Time This Year)

As predicted, the Federal Reserve just cut the benchmark Federal Funds rate by another 25 basis points (0.25 percentage points), the third such rate cut this year. Having dropped its benchmark rate a total of 5 percentage points between August of 2007 and the end of 2008, a move... Read More »

Appreciation for Bay Area Homes Turns Negative

Appreciation for Bay Area Homes Turns Negative

For the first time since early 2012, 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 – has dropped on a year-over-year basis, an outcome which shouldn’t catch any plugged-in readers by surprise.... Read More »

Crime Down, Legal Motions Up, Surrounding Navigation Center Site

Crime Down, Legal Motions Up, Surrounding Navigation Center Site

Having been denied a temporary restraining order to halt construction, the neighborhood group fighting to block the opening of a temporary Navigation Center upon the Port’s parking lot parcel known as Seawall Lot 330, adjacent to the Watermark and across from Piers 30-32, has just filed a new legal... Read More »

Bay Area Unemployment Rates Drop to Record Lows

Bay Area Unemployment Rates Drop to Record Lows

Benefiting from a seasonal bump in the onboarding of new graduates, the number of people living in San Francisco with a paycheck increased by 7,100 in September and now totals a record 580,800. And with a labor force of 591,400, the unemployment rate has dropped to a record low... Read More »

Tower Under Construction Put on Hold

Tower Under Construction Put on Hold

Oceanwide Holdings has officially suspended development of one of the two Oceanwide Center towers under construction at First and Mission Streets. While development of the faceted, 910-foot-tall tower fronting First Street, which will yield 109 condos over 1.1 million square feet of office space and a ground floor “urban... Read More »

Number of Homes for Sale in San Francisco Has Likely Peaked

Number of Homes for Sale in San Francisco Has Likely Peaked

Having hit an 8-year high last month, the number of homes on the market in San Francisco has since ticked up another 5 percent to 1,030, which is 6 percent higher than at the same time last year. While the year-over-year gain in inventory levels is still being driven... Read More »

Giants Massive Mission Rock Development Closer to Reality as Well

Giants Massive Mission Rock Development Closer to Reality as Well

As we first reported earlier this year: Mission Rock Partners, which is a Joint Venture between the San Francisco Giants and Tishman Speyer, is positioning to break ground on the first phase of their massive (yes, massive) redevelopment of the Port’s 28‐acre Seawall Lot 337 (a.k.a Oracle Park’s Parking... Read More »

Bay Area Home Sales and Median Price Trend Down

Bay Area Home Sales and Median Price Trend Down

The number of single-family homes and condos that traded hands across the greater Bay Area dropped 2.3 percent from July to 7,247 August, which was down nearly 6 percent on a year-over-year basis and a 9-year seasonal low, according to recorded sales data from CoreLogic. At the same time,... Read More »

Indexed Appreciation for Bay Area Homes Drops to 0.2 Percent

Indexed Appreciation for Bay Area Homes Drops to 0.2 Percent

Having eked out a 0.2 percent gain in 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 – was flat in July. And as such, the index is now up a total... Read More »