San Jose Most Expensive Metro Area In US, San Francisco #2
With a median single-family home sale price of $808,000 in the first quarter of 2014, “San Jose” ranked as the most expensive major metropolitan statistical area (MSA) in the United…
Exceptional And Extraordinary Circumstances In San Francisco
Set at 80 percent of the combined land and structure values of single-family homes in San Francisco, the threshold for “demonstrably unaffordable and financially inaccessible housing” in the city is…
SF Sellers Are Moving Out, And Behind A Couple Of Buyer Myths
A couple of stats from a survey of Paragon Real Estate Group agents with respect to their last 12 months of activity in San Francisco: 60 percent of the sellers…
San Francisco’s City Attorney Sues Short-Term Rental Scofflaws
San Francisco City Attorney Dennis Herrera has filed two lawsuits against landlords in San Francisco for illegally converting their apartments into short-term rentals, which the property owners then marketed through…
San Francisco Named Third Least Affordable Major Housing Market, Worldwide
According to the 10th Annual Demographia Housing Affordability Survey of 360 housing markets worldwide, “San Francisco” is the third least affordable major metropolitan area, behind only Vancouver and Hong Kong,…
Loan Limits Set To Fall From $729,750 To $625,000 In San Francisco
As we reported two weeks ago: While industry groups furiously lobby, it’s now t-minus two weeks until the super/jumbo conforming loan limits that provide for federally backed mortgages up to…
San Francisco Affordability: Is C.A.R.’s New Reality Already Old?
According to the California Association of Realtors and their First Time Buyer Housing Affordability Index, 23% of San Francisco households can currently afford to purchase a home priced at 85%…
From ‘Bubble-Proof’ To ‘Bubble Territory’ In Six Short Months
Forbes compiles their list of ten most (and least) overpriced real estate markets. And while overpriced isn’t necessarily correlated with “expected to fall,” San Francisco is singled out as a…