Federal Judge Orders SF To Justify New Eviction Law Payments
A Federal judge has given The City of San Francisco until Friday to file a legal brief justifying The City’s newly adopted and accelerated law which requires landlords in San…
City Responds To “Gloomy” Outlook For Affordable Housing In SF
Responding to the Civil Grand Jury report which noted that the Mayor’s goal of creating 30,000 new and rehabilitated homes is San Francisco by 2020 “will provide some relief to…
Existing-Home Sales Slow As Investor Activity Declines
The seasonally adjusted pace of existing-home sales in the U.S. dropped 1.8 percent in August and is running 5.3 percent lower on a year-over-year basis versus 4.3 percent lower in…
Nearly 70,000 More Employed In San Francisco Since Early 2010
Employment in San Francisco has reached another all-time high as the number of San Francisco residents with a paycheck jumped by 5,500 last month – the largest increase in a…
Mortgage Rates Move Higher, Biggest Increase Of The Year
The average rate for a conforming 30-year fixed-rate mortgage jumped from 4.12 to 4.23 percent over the past week, the highest rate since the beginning of May and the biggest…
600 Years To Underground Utility Lines In SF At Current Rate
It will take an estimated $3.6 billion to underground the remaining 470 miles of overhead utility lines in San Francisco. And at the current rate of funding for the initiative,…
More Homes On The Market In SF This Week, Slightly Lower YOY
With typical seasonality in play as people (and their agents) return from vacation, the number of homes listed for sale in San Francisco increased by 150 (36 percent) over the…
Cost To Build Affordable Housing On Sixth Street: $690K Per Unit
With a 99-year ground lease from the City of San Francisco for which Mercy Housing will pay a total of $99 as proposed, the projected cost of building the affordable…
Property Tax Rate In San Francisco Set To Drop
Thanks to rising property values, the property tax rate for the City and County of San Francisco is slated to decrease from $1.1880 per $100 of assessed value in the…
Fed Raises Possibility Of Raising Rates Sooner Than Anticipated
With indications of a rebound in economic activity in the second quarter and “sufficient underlying strength” to support ongoing improvement in the labor market, Federal Reserve officials have raised the…