Articles Filed Under: Breaking News

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San Francisco Reopened, Unscheduled Open Houses Allowed

For the first time since early 2020, real estate Open Houses and showings can once again be held in San Francisco without any capacity, distancing or scheduling requirements in place, as all pandemic related business and activity restrictions, other than for “mega-events” events with more than 5,000 people indoors,... Read More »

(New) Plans to Raze a One of Kind Residence and Build Up

(New) Plans to Raze a One of Kind Residence and Build Up

The former furniture warehouse 67-69 Belcher Street, which measures nearly 19,000 square feet and was slated to be demolished decades ago, was acquired by artists Spaulding Taylor and Win Ng in 1977 and converted into an art gallery (69 Belcher), studio space and a one of a kind, roughly... Read More »

Senior Building Inspector Under Investigation in San Francisco

Having admitted to accepting a previously unreported loan of $180,000 from Freydoon Ghassemzadeh, whose family operates SIA Consulting and development, a San Francisco Building Inspector that signed-off on a number of SIA Consulting’s projects in San Francisco is now under investigation and has been placed on administrative leave. According... Read More »

Activation of the Shuttered Temporary Terminal Site on Tap

Activation of the Shuttered Temporary Terminal Site on Tap

As we revealed earlier this year, the conceptual plans for the redevelopment of the southern third of the shuttered Temporary Terminal Site, a nearly 43,000-square-foot block bounded by a future extension of Clementina Street to the north, Main Street to the east, Folsom Street to the south, and Beale... Read More »

Inventory Levels Inch Down in San Francisco, Year-Over-Year

The net number of single-family homes and condos listed for sale in San Francisco (i.e., inventory) inched down 2 percent over the past two weeks to 920, which includes 260 single-family homes and 660 condos. And for the first time since the second quarter of last year, inventory levels... Read More »

Rents in San Francisco Tick Up as Vacancy Rate Drops, But…

Rents in San Francisco Tick Up as Vacancy Rate Drops, But…

Having bottomed out at around $3,050 last month, which shouldn’t have caught any plugged-in readers by surprise, the weighted average asking rent for an apartment in San Francisco has since ticked up around 2 percent to $3,125 per month but is still 24 percent lower than prior to the... Read More »

Local Emergency Rental Assistance Program Is Now Live

San Francisco’s emergency rental assistance program, which can provide up to six months of rental assistance, including three months of future rent, to tenants at risk of becoming homeless due to a pandemic-related loss of employment or income, will begin accepting applications today, May 28. In order to qualify... Read More »

Index for Bay Area House Values Climbs, Up 12.2 Percent YOY

Index for Bay Area House Values Climbs, Up 12.2 Percent YOY

Having ticked up 2.1 percent in February, 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 – climbed another 3.2 percent in March.  And as such, the Bay Area index is up 12.2... Read More »

Bay Area Employment and Labor Force Slip

Bay Area Employment and Labor Force Slip

While the State’s Stay Home Order were lifted in January and local restrictions on indoor dining, gyms, museums and other indoor attractions were relaxed in early March, with bars having since been allowed to reopen as well, the number of people living in San Francisco with a paycheck actually... Read More »

Home Sales in the U.S. Continue to Drop, Inventory Ticks Up

Home Sales in the U.S. Continue to Drop, Inventory Ticks Up

Having dropped to a 6-month low in March, the seasonally adjusted pace of existing-home sales across the U.S. dropped another 2.7 percent in April to an annual rate of 5.85 million sales, which was 33.9 percent higher than in April of 2020, when pandemic-driven stay home orders were widespread,... Read More »