Pending Home Sales in SF Remain Down (But Picking up Steam)

While the number of homes listed for sale in San Francisco remains around 10 percent higher versus the same time last year and at a 7-year seasonal high, the number of homes in contract to be sold is currently running around 6 percent lower. That being said, the pace... Read More »

Bay Area Employment Inches Up to Another Record High

Bay Area Employment Inches Up to Another Record High

With 2018 having ended the year with Bay Area employment at an all-time high, the number of people living in San Francisco with a paycheck has since inched up 700 to a record 574,900 while the unemployment rate in the city, which ended the year at a record low... Read More »

423-Foot-Tall Oakland Tower Approved, but There’s a Problem

423-Foot-Tall Oakland Tower Approved, but There’s a Problem

The refined plans for Rubicon Point Partners’ proposed 37-story residential tower to rise up to 423 feet in height at 1750 Broadway, between 17th and 19th Streets in Uptown Oakland, have been approved by the City’s Planning Department. But there’s still a problem to solve before the development can... Read More »

Chic Central SoMa Loft Nearly Fetches its 2016 Price

Chic Central SoMa Loft Nearly Fetches its 2016 Price

Purchased for $1.2 million February of 2016, the “chic” penthouse unit #801 at the Palms on 4th Street, returned to the market listed for $1.295 million at the end of last year, a sale at which would have represented total appreciation of 7.9 percent over the past three years... Read More »

Pace of Home Sales in the U.S. Jumps, but Down Year-Over-Year

Pace of Home Sales in the U.S. Jumps, but Down Year-Over-Year

The seasonally adjusted pace of existing-home sales across the U.S. jumped nearly 12 percent last month to an annual rate of 5.51 million transactions but remains 1.8 percent below the pace of sales as measured at the same time last year, according to the National Association of Realtors. At... Read More »

Redevelopment of Iconic Joe’s Cable Car Site Closer to Reality

Redevelopment of Iconic Joe’s Cable Car Site Closer to Reality

Having shuttered back in 2014, after nearly five decades of serving freshly ground burgers to a legion of adorning fans, a permit to raze the iconic Joe’s Cable Car shack, on the northwest corner of Mission and Tingley Streets, has been requested. And as envisioned, a contemporary four-story building... Read More »

Remodeled Pac Heights Mansion Fetches 45% of Original Price

Remodeled Pac Heights Mansion Fetches 45% of Original Price

As we outlined earlier this year: Purchased out of foreclosure for $2.525 million in 2013, the “grandly proportioned circa 1898 Victorian mansion” at 1945 Franklin Street, on the eastern edge of Pacific Heights, has since been “stunningly re-imagined for a modern 21st century lifestyle.” Now measuring nearly 7,000 square... Read More »

Fed Officials Officially Drop Expectations of a Rate Hike in 2019

According to an analysis of the futures market, the probability of the Fed hiking the federal funds rate in 2019 had dropped to zero (0) as of last week, as we first reported at the time (and foreshadowed earlier this year). And according to the latest survey of Fed... Read More »

City Seeking Affordable Housing Developers for Tenderloin Site

City Seeking Affordable Housing Developers for Tenderloin Site

Back in 2005, the then-owner of the parking lot parcel on the southeast corner of Jones and Turk filed for permits to build a 5-story building at 180 Jones, a building height which the Planning Department deemed too short for the Tenderloin site which is zoned for development up... Read More »

Evergreen Could Soon Be Evergone in the Misison

Evergreen Could Soon Be Evergone in the Misison

The Evergreen Market building at 2539 Mission Street is on the market with a $3.5 million price tag, not including its rear parking lot which fronts Capp Street and for which another $2.5 million is being sought. Specializing in Latin American produce, meats and staples, the market is currently... Read More »