CFAH

Articles Filed Under: Breaking News

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We’re Tired of Being Number One

Once again the San Francisco Bay Area ranks number one in the state. According to the California Association or Realtors (C.A.R.), the average San Francisco Bay Area household income falls $102,230 short of the qualifying annual income ($170,370) required to purchase a local median-priced home (the highest gap in... Read More »

Update: Hotel Condo Conversions

Instead of an outright ban on condo conversions for hotels with over 50 rooms, Supervisor Peskin has agreed to amend his legislative proposal to create an 18-month ban on condo conversions for “tourist” hotels of 100+ rooms. Guess we won’t be moving to the Fairmont anytime soon. “This compromise... Read More »

SocketSite’s Bay Area Agent Pageant

Damn it! We weren’t planning on announcing this until next week, but those type-a innovative New Yorkers at Curbed just forced our hand… Have you ever noticed how often property statements/ads seem to feature an agents picture just as prominently as the actual listing? And is it just us,... Read More »

Here We Go Again

Remember last May when we first suggested you take a look at the Spring PMI Risk Index? And then how two months later Kiplinger’s finally gets around to publishing a story about the report and gets all the press? Well, here’s another two-month head start for the SocketSite community…... Read More »

Sales Activity: National Versus Local

According to the National Association of Realtors, national existing home sales came in at a record setting annual pace of 7.33 million homes as measured in June. And according to the California Association of Realtors, statewide home sales are up 3.6% as compared to June of 2004. Sales activity... Read More »

Home Depot Almost Home?

Home Depot Almost Home?

Next week Home Depot is headed back in front of the Planning Commission. Having signed a lease for the old Goodman Lumber location at 491 Bayshore Blvd. over five years ago, the Depot is still seeking approval to begin development. Proponents point to desperately needed neighborhood jobs and a... Read More »

Fairmont Furor

Apparently the owners of the 591-room Fairmont Hotel are considering a condo conversion of 226 rooms in the tower annex into 60 housing units. According to the owners group, “The landmark portion of the hotel won’t be touched…hat will continue to operate as a hotel. All the ballrooms, all... Read More »

199 New Montgomery: Update

It’s been six days since we last reported on 199 New Montgomery unit #1501 and once again the price has been “Reduced!!”. Somehow that original 1.2% reduction failed to generate a ton of interest, so this time it’s down another 2.2% (asking $879k). Death by a thousand paper cuts…... Read More »

Flipping The Bank Of America Building

Last year, San Francisco’s Bank of America Center was sold to a group of New York investors for $825 million. Now, according to the New York Times, “the 52-story reddish-brown granite tower is said to be going on the market again. This time, the sellers are hoping that the... Read More »

San Francisco Population Drops 4.2%

According to a report just released by the Census Bureau, the population of San Francisco declined 4.2% (or 32,000 people) from April 2000 to July 2004. According to CNN, “Hurt by skyrocketing housing prices, people are leaving San Francisco, Boston and other large cities in droves.” “Droves” might be... Read More »