Bay Area Employment Holds, Unemployment Rate Down
Having benefited from a seasonal bump in July, the number of people living in San Francisco with a paycheck, which is now estimated at 573,600, was unchanged in August. But…
Pace of Existing Home Sales in the U.S. Ticks Up, Slips out West
Having gained 2.5 percent in July, the seasonally adjusted pace of existing-home sales across the U.S. ticked up another 1.3 percent in August to an annual rate of 5.49 million…
Mortgage Rates Jump
Having started to inch up last week, the average rate for a 30-year mortgage has since jumped another 17 basis to 3.73 percent but remains 92 basis points below its…
Bonus Plans for a Big Development on the Edge of the Mission
In a move which shouldn’t catch any plugged-in readers by surprise, plans for 7-story development to rise upon the 1458 San Bruno Avenue parcel, adjacent to Potrero del Sol Park…
The Fed Just Cut Rates, Again
As predicted, the Federal Reserve just cut the benchmark Federal Funds rate by another 25 basis points (0.25 percentage points), the second such cut this year. Having dropped its benchmark…
Remarkable Two-Bedroom Fails to Fetch Its 2014 Price
As we outlined last October: Priced at $2.345 million in early 2014, the “remarkable” two-bedroom, two-bath unit #29A with a 200-square-foot terrace near the top of the Infinity tower at…
Home Sales Activity in San Francisco Remains Down
While the number of homes listed for sale in San Francisco just hit an 8-year seasonal high, pending home sales activity in the city remains down. In fact, despite a…
Big Mission Street Development Redesigned, Back in Play
While plans for a 21-story building to rise up to 200 feet in height on the SoMa parcel upon which the since shuttered SF Pizza Café and parking lot at…
New New Timing for Major Visitacion Valley Redevelopment
As we outlined in the third quarter of last year: Shuttered back in 1999, the old Schlage Lock factory and Southern Pacific Railyard parcel along Bayshore Boulevard, near the heart…
Number of Homes for Sale in San Francisco Hits an 8-Year High
With listing activity having hit a 13-year high earlier this month, the number of homes currently listed for sale in San Francisco now totals 910, which is 2 percent higher…