Spike In Sales Due To, Rather Than Despite, A Spike In Rates
Commenting on the second-highest level of sales for previously owned U.S. homes in more than six years last month, a former senior vice president at Fannie Mae notes: It’s not…
Builders Follow Citizens’ Suit, Challenge Plan For Bay Area Growth
Earlier this month, a citizens group calling themselves “Bay Area Citizens” filed a lawsuit in Alameda County Superior Court challenging the approved Plan Bay Area which calls for up to…
Unemployment Up In San Francisco, But Employment Up Even More
Having ticked up to 5.7% in June, the unemployment rate in San Francisco ticked up another 0.2 points to 5.9% in July as the number of unemployed in San Francisco…
For The First Time In Over Two Years, Inventory Is Even In SF
Make no mistake, the number of single-family homes and condos which are currently listed for sale in San Francisco (570) is still roughly half the number which were on the…
Unreal Expectations For Castro Street Corner Of Condos
With approved designs for 24 condos to be built at 376 Castro Street now in hand, the owner of the gas station site is trying to sell the parcel for…
The Actual Appreciation For A Single-Family San Francisco Home
Two months ago, the already remodeled and nicely kept single-family Forrest Hill home at 14 Ventura Avenue hit the market listed for $1,495,000 having been purchased for $1,680,000 in May…
San Francisco Tops Silicon Valley In VC Investment
Two great maps (click to enlarge) and top ten lists from the Atlantic Cities (Why San Francisco May Be the New Silicon Valley) with respect to where the venture dollars…
Forecast For San Francisco Rents: Plateau, Flatline And Dip
The current vacancy rate for apartments in San Francisco is holding at under 4 percent, driven by a backlog in development while employment in the City has jumped, leading to…
Mortgage Rates Seesaw On Parsed Words, Tick Back Up This Week
Having ticked down to 4.31 percent from 4.51 percent three weeks ago, the average rate for a conforming 30-year mortgage ticked back up to 4.39 percent last week as rates…
Condo Conversion Program Kicks-Off With A Lawsuit In The Works
Upheld by San Francisco’s Board of Supervisors and signed into effect by Mayor Ed Lee, the first round of applications for expedited condominium conversion in San Francisco are being accepted…