Articles Filed Under: Breaking News

(940 posts)

Pace of Home Sales in San Francisco Drops, Inventory Inches Up

While home sales in San Francisco totaled a ten-year low in the first quarter of 2019, the pace of sales turned up at the end of March and April sales will show a year-over-year increase, trends which shouldn’t catch any plugged-in readers by surprise. That being said, the pace... Read More »

Bay Area Employment Really Drops, Unemployment Rate as Well

Bay Area Employment Really Drops, Unemployment Rate as Well

While the unemployment rate in San Francisco returned to a record low 2.1 percent last month, the drop was driven by a reduction in the size of the labor force and the number of people living in San Francisco with a paycheck actually decreased by 5,700 to 566,200, which... Read More »

Wiener’s Big Housing Bill (SB 50) Shelved Anew

Wiener’s Big Housing Bill (SB 50) Shelved Anew

Following in the footsteps of Senator Scott Wiener’s original “transit-rich housing bonus” Bill 827 which was killed last year, Wiener’s follow-up bill, Senate Bill 50 (SB 50), which would allow for taller residential buildings to rise near transit and job-rich areas across California, has effectively been shelved by the... Read More »

Population Growth of San Francisco Really Slows Its Roll

Having grown at an average rate of over one percent per year over the past decade, peaking at 1.7 percent in 2012, the estimated population of San Francisco proper inched up 0.3 percent in 2018, from a downwardly revised 880,980 at the start of last year to 883,869 as... Read More »

Bay Area Home Sales Are Down, Median Price Has Slipped

Bay Area Home Sales Are Down, Median Price Has Slipped

Following a trend which shouldn’t catch any plugged-in readers by surprise, while the number of single-family homes and condos that traded hands across the greater Bay Area increased a seasonally driven 39.4 percent from February to March, total sales (6,124) were down 14.8 percent on a year-over-year basis.  And... Read More »

Trust Staff Pans Plans for 30-Acre Redevelopment in the Presidio

Trust Staff Pans Plans for 30-Acre Redevelopment in the Presidio

As requested by the Presidio Trust’s Board of Directors, the Trust’s staff has completed an in-depth review of the now singular proposal to redevelop the 30-acre Fort Winfield Scott campus pictured above.  From the staff’s findings and preliminary determination, which were just sent to the Board: “We have assessed the... Read More »

Supervisors Reverse Approval of Western SoMa Development

Supervisors Reverse Approval of Western SoMa Development

While approved by Planning at the end of last year, an appeal aiming to block the plans for a seven-story development to rise on the northwest corner of Folsom and Russ Streets, upon the Fondue Cowboy and Deli Board site, has been upheld by San Francisco’s Board of Supervisors... Read More »

Mortgage Rates Dramatically Drop, Inversion Spreads

Mortgage Rates Dramatically Drop, Inversion Spreads

With Fed officials having officially deemed the foregoing of any additional interest rate hikes in 2019 to “be best” for our economy in light of increasing global risks, which shouldn’t have caught any plugged-in readers by surprise, the average rate for a 30-year mortgage has since dropped 22 basis... Read More »

Bay Area Employment Inches Up to Another Record High

Bay Area Employment Inches Up to Another Record High

With 2018 having ended the year with Bay Area employment at an all-time high, the number of people living in San Francisco with a paycheck has since inched up 700 to a record 574,900 while the unemployment rate in the city, which ended the year at a record low... Read More »

Fed Officials Officially Drop Expectations of a Rate Hike in 2019

According to an analysis of the futures market, the probability of the Fed hiking the federal funds rate in 2019 had dropped to zero (0) as of last week, as we first reported at the time (and foreshadowed earlier this year). And according to the latest survey of Fed... Read More »