San Francisco real estate tips, trends and the local scoop: "Plug In" to SocketSite™
“We call it the ‘hotelization’ of San Francisco,” said. “Seniors, families and low-income tenants are being pushed out. We have to fight for every affordable unit.” ∙ Conversion of Apartments…
Driven by a 66 percent increase in commercial transactions (from 90 to 149 sales valued at $5 million or more), and Proposition N which created a new tax bracket for…
“The possibility remains that the recent economic weakness may prove more persistent than expected and that deflationary risks might reemerge, implying a need for additional policy support,” Bernanke said in…
From the Wall Street Journal today with respect to the proposed designs for Salesforce’s new global headquarters campus in Mission Bay: Renderings of the Salesforce.com campus, released earlier this month,…
The Mayor’s Office of Housing Below Market Rate (BMR) homeownership program was established to offer “low to moderate income” households “the option of purchasing homes that are priced below the…
By way of Bloomberg: Robert Shiller, the economist who co- founded the S&P/Case-Shiller Index, said a 10 percent to 25 percent decline in U.S. home prices in the next five…
From Federal Reserve Chairman Ben Bernanke this afternoon summarizing the outlook for the U.S. economy: Although it is moving in the right direction, the economy is still producing at levels…
As we first reported in January: Closing escrow with a recorded contract price of $628,000 in February 2008, within two months 425 1st Street #1805 was listed for sale with…
One of ten Donald MacDonald designed petit townhomes that comprise the Clinton Mews urban infill development off Guerrero, 170 Guerrero Street #F was purchased for $507,000 in November 2003. Refinanced…
Last month 29.9 percent of Bay Area home purchases were made by way of FHA backed loans, up from 25.4 percent in April 2010. On Wednesday, a House subcommittee will…