Number of Reduced Listings Nearing a 10-Year High in S.F.
With the gap between the average list price per square foot of the homes on the market in San Francisco and those which are in contract having doubled over the…
A Luxe Two-Bedroom with Views Trades for $232K Less
Purchased for $2,132,111 in December of 2017, the “luxe” two-bedroom, two-bath unit #25A in the Lumina tower at 201 Folsom Street, with “wrap-around floor-to-ceiling windows” and “awe-inspiring panoramic views,” returned…
Rents in San Francisco Drop Even More, But…
Having slipped to just under $3,600 last month, the weighted average asking rent for an apartment in San Francisco has since dropped another 5 percent to $3,425, which is now…
Bay Area Employment Still Down by 400K, Labor Force Dropping
While the estimated number of people living in San Francisco with a paycheck increased by 5,900 in August to 515,900, the labor force shrank by 7,800 to 565,700 for an…
Benchmark Mortgage Rate Holds, Short-Term Rate Drops
With the Fed’s affirmation of a prolonged low-rate environment already priced in, the average rate for a benchmark 30-year mortgage effectively held over the past week, inching up a single…
Wave of Small Business Evictions on the Horizon
Governed by state law, local governments normally can’t exert control over commercial leases. But having been enabled by an Executive Order issued by Governor Newsom back in March (N-28-20), and…
Asking Rents in Oakland Drop, Listings Jump
Having slipped last month, which shouldn’t have caught any plugged-in readers by surprise, the weighted average asking rent for an apartment in Oakland has since dropped nearly 5 percent to…
Number of Homes for Sale in San Francisco Continues to Tick Up
The number of homes on the market in San Francisco, net of new sales and contract activity, ticked up another 5 percent over the past week to 1,680, representing 85…
Expectation Gap is Growing in San Francisco
With the number of homes on the market in San Francisco poised to jump, the percentage of listings with an asking price that has been reduced at least once has…
Short-Term Rental Restrictions Will Be Lifted Monday [UPDATED]
In addition to allowing salons, barber shops, gyms, and massage/tattoo parlors to reopen with limited capacities on Monday, September 14, restrictions on (registered) short-term rentals and hotels in San Francisco…