Bay Area Is The Fastest Growing Region In California
Having grown by an estimated 16,962 residents last year, the population of San Jose is now over the one million mark (1,000,536) while the population of San Francisco has grown…
Fed Cuts Stimulus On Indicators Of Activity Despite Anemic Q1
While the U.S. economy grew by an anemic 0.1 percent in the first quarter of 2014, “information received since the Federal Open Market Committee met in March indicates that growth…
San Francisco Employment Within 200 Hires Of An All-Time High
With the number of San Francisco residents with jobs having increased by 4,100 since the beginning of the year, the unemployment rate in the city has dropped to 5.2 percent…
Mortgage Rates Drop To Six-Week Low
The average rate for a conforming 30-year mortgage ticked down from 4.34 to 4.27 percent over the past week to a six-week low, 31 basis points below the three-year high…
Two-Year Payout For Evicted Tenants Accelerated And Approved
Originally written to become operative 120 days after enactment, the legislation which will require landlords in San Francisco who evoke the Ellis Act to pay their evicted tenants an upfront…
Proposed “Housing Balance” Ordinance Could Be Out Of Whack
Introduced by Supervisor Kim and co-sponsored by Supervisors Avalos, Campos and Mar, a proposed “Housing Balance” ordinance would require new developments of ten or more housing units to obtain special…
Mortgage Rates Tick Down, Demand Remains Down As Well
The average rate for a conforming 30-year mortgage ticked down from 4.41 to 4.34 percent over the past week and is 24 basis points below the three-year high rate of…
The Descendants (And City) Fare Well In Presidio Heights
Eighteen days ago, the Presidio Heights home at 3867 Jackson Street which had been owned by the granddaughter of Herbert and May Fleishhacker was listed for sale at $4,250,000. An…
The City Opts For New Office Tower Over More Housing
The City’s official Request For Proposals to develop a 550-foot tower with ground-floor retail and 15,000 square feet of open space on San Francisco’s Transbay Block 5 has just been…
Purchase Mortgage Activity Ticks Up, But Drops Year-Over-Year
The Mortgage Bankers Association’s Purchase Index, a measure of mortgage loan application volume for home purchases across the country, ticked up 3 percent over the past week. At the same…