Decreasing Supply of Real Estate Inventory in San Francisco "Economic forecasters attempt to predict the housing market based on unemployment, the fed, or consumer confidence. However, there's another highly relevant indicator that is frequently overlooked: real estate development activity. Lately, these experienced players are growing more active again. Land sales are up, and developers are busy securing plans and permits. Nationally, we gain about one million new households each … [Read more...]
Hello, Fleece Jackets! Union Square, San Francisco, CA is the 2nd Busiest Pedestrian Thoroughfare in the Country!
"As the summer arrives (along with the fog) we can expect our fine city streets to be filled with travelers and tourists coming from near and far to take in the beauty that is San Francisco. According to the San Francisco Planning Department, Powell Street in the heart of Union Square is the 2nd busiest pedestrian thoroughfare in the country, behind only New York's Times Square... New steel extensions will expand the sidewalk by more than 6 feet between Geary and Ellis Street. The city … [Read more...]
"On June 4th, registered teams of 5 people will be given a list of pictures to take and then have 2 hours to take those pictures throughout the Mission. While the list is secret, we've been promised it's absurd, funny and truly San Franciscan.' Each picture is worth a designated amount of points and the team who receives the most points will win. After two hours, all teams will meet at Morac Restaurant and Lounge on 16th Street to 'eat, dance and see the photos and shenanigans.'" ...Read … [Read more...]
City-wide, the drop in median sales price for single-family homes from 2005 to 2010 was just under 11% (not bad for the Great Recession)
"Widely read local real estate blog SFCurbed recently posted on the "10 Most Depressing Things . . ."related to the housing market. The early Armageddon that was described included falling home prices, an increase in numbers of homeowners under water and no 'bottom' to the free fall until sometime in 2012, "at the earliest." While I would concur that things could be better, I have to point out that the data cited was from Zillow.com, anything but a local source..." ...Read this article and more … [Read more...]
San Francisco Bay Area Home Prices Up 18% – Case Shiller Home Price Index Positive on San Francisco Real Estate
San Francisco Bay Area Home Prices Up 18% - Case Shiller Home Price Index Positive on San Francisco Real Estate According to the Huffington Post and the July 27, 2010 Case-Shiller Home Price Index: Case Shiller July 2010 "If you bought a home in San Francisco in the past year, it might feel like the housing slump is over. Bay area home prices have shot up 18 percent in the past year. But someone next door who bought in 2006 may have suffered a 35 percent loss in value. And if you're a Las … [Read more...]