Articles Filed Under: Breaking News

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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 »

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 »