CFAH

Articles Filed Under: Bubble (Or Not)

(444 posts)
Office Vacancy Rate in San Francisco Hits an Even Higher High

Office Vacancy Rate in San Francisco Hits an Even Higher High

Having hit a pandemic-era high of 23 percent in the third quarter of last year, the effective office vacancy rate in San Francisco has since ticked up another 110 basis points to just over 24 percent, representing nearly 21 million square feet of vacant office space in buildings spread... Read More »

Contemporary Two Trades for Over $200K Below Its 2014 Price

Contemporary Two Trades for Over $200K Below Its 2014 Price

Purchased for $1.2 million in April of 2014, the 989-square-foot, two-bedroom unit #808 in the Linea development at 8 Buchanan, a south facing unit with “soaring views,” separated bedrooms, ample closet space and two bathrooms, returned to the market listed for $1.295 million in February of 2020 and was... Read More »

2022 Ends with Over 40% More Homes on the Market in S.F.

2022 Ends with Over 40% More Homes on the Market in S.F.

Having peaked in October, the net number of homes on the market in San Francisco has since dropped 50 percent with typical seasonality in play and driven by a pronounced slowdown in listing activity versus a jump in sales. In fact, pending sales have been down an average of... Read More »

Index for Bay Area Homes Has Dropped 13%, Headed Down

Index for Bay Area Homes Has Dropped 13%, Headed Down

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 – ticked down another 1.7 percent in October. While the “San Francisco” index is still 0.6 percent “higher than it was at the same... Read More »

Drop in Bay Area House Values Is Really Accelerating

Drop in Bay Area House Values Is Really Accelerating

Having dropped 3.5 percent in July, 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 – fell another 4.3 percent in August, which was the largest month-over-month decline for the index since February... Read More »

A Projected Surplus in San Francisco Housing Production

A Projected Surplus in San Francisco Housing Production

San Francisco’s Planning Department has completed its first annual “Jobs-Housing Fit” report, a newly required analysis of “the fit between the housing needed by workers of new jobs located in San Francisco and housing produced in San Francisco,” segmented by affordability. And in fact, based on the pipeline of... Read More »

Planning to Protect Neighborhood Laundromats, for Now

Planning to Protect Neighborhood Laundromats, for Now

With a third of the neighborhood-serving Laundromats in San Francisco having shuttered over the past eight years, which has disproportionally impacted lower-income and older residents in buildings without in-unit or shared laundry facilities, San Francisco’s Planning Commission is slated to amend San Francisco’s Planning Code to prohibit the demolition... Read More »

Number of Homes for Sale in S.F. Hits a Two-Decade High

Number of Homes for Sale in S.F. Hits a Two-Decade High

Following a trend which shouldn’t have caught any plugged-in readers by surprise, as its basis was in place prior to the pandemic having hit, the number of homes on the market in San Francisco, net of all sales, both pending and closed, has just ticked over 2,000 for the... Read More »

Completely Remodeled and Facing Foreclosure

Completely Remodeled and Facing Foreclosure

Purchased as a 975-square-foot Noe Valley home with plans to nearly quadruple its size for $1.929 million in August of 2015, the now 3,750-square-foot home at 438 29th Street returned to the market as a “completely remodeled, redesigned & reinvented residence” with a $4,388,888 price tag in November of... Read More »

Benchmark Mortgage Rate Back Down to a 3-Year Low

Benchmark Mortgage Rate Back Down to a 3-Year Low

The average rate for a benchmark 30-year mortgage has dropped back down to the 3-year low of 3.45 percent it hit three weeks ago, which is within 14 basis points (0.14 percentage points) of the all-time low it hit in November of 2012 and 90 basis points below its... Read More »