Articles Filed Under: Breaking News

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The Fed Just Cut Rates, Again

As predicted, the Federal Reserve just cut the benchmark Federal Funds rate by another 25 basis points (0.25 percentage points), the second such 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 which... Read More »

Listing Activity Hits a 13-Year High in San Francisco

While home sales in San Francisco are currently running at an 8-year low, the number of properties newly listed for sale over the past week crossed the 300 mark for the first time since 2010 and effectively matched a 13-year high. As such, the inventory of homes currently listed... Read More »

Bay Area Home Sales and Median Price Were Down, Again

Bay Area Home Sales and Median Price Were Down, Again

While the number of single-family homes and condos that traded hands across the greater Bay Area inched up 0.5 percent from June to just over 7,400 in July, sales were down 2.2 percent on a year-over-year basis and totaled an eight-year seasonal low, according to recorded sales data from... Read More »

The Fed Just Cut Rates, Might Not Be Done

With the Fed having formally signaled a more “patient” approach with respect to any future rate hikes back in January, the probability of an easing started to emerge, as we first noted at the time. And as predicted, the Federal Reserve has just cut the benchmark Federal Funds rate by... Read More »

Scofflaw Developer Settles for $1.2 Million

Scofflaw Developer Settles for $1.2 Million

Having been accused of routinely engaging in the under-permitted renovation and expansion of residential properties throughout San Francisco, Ashok Gujral, a local real estate developer, has agreed to pay $1.2 million to settle with the City. In addition to the cash settlement, Gujral has been required “to bring all... Read More »

Bay Area Home Sales and Median Price Continue to Drop

Bay Area Home Sales and Median Price Continue to Drop

Continuing to follow a trend which shouldn’t catch any plugged-in readers by surprise, the number of single-family homes and condos that traded hands across the greater Bay Area dropped 11.4 percent from May to June, versus typically ticking up, and total sales (7,357) were down 12.6 percent on a... Read More »

Big Hub District Plan and New Heights Closer to Reality

Big Hub District Plan and New Heights Closer to Reality

On the heels of the adoption of San Francisco’s Central SoMa Plan, the legal challenges of which have yet to be resolved, San Francisco’s Planning Department has just finished drafting the Environmental Impact Report (EIR) for the City’s equally ambitious, and synergistic, Hub District Plan. In addition to improving... Read More »

Giants Positioning to Break Ground on Massive Mission Rock Project

Giants Positioning to Break Ground on Massive Mission Rock Project

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 Lot A) by the end of this... Read More »

Bay Area Employment Is Actually on the Decline

Bay Area Employment Is Actually on the Decline

Having dropped to a record low of 1.9 percent in May, the unemployment rate in San Francisco inched up to 2.3 percent in June as the number of people living in the city with a paycheck fell by 3,400 to 565,800, which is down by 9,600 since February’s record... Read More »

Lawsuit to Block Hotly Contested Navigation Center Has Been Filed

Lawsuit to Block Hotly Contested Navigation Center Has Been Filed

While San Francisco’s Board of Supervisors unanimously rejected an appeal of the approved, but hotly contested, plans for a temporary Navigation Center to be constructed on the Port’s current parking lot parcel known as Seawall Lot 330, across from Piers 30-32, at the end of last month, a group... Read More »