SF Sellers take Homes Off the Market in Anticipation of IPO

  Home sales activity continued with annual declines posting a 10 percent year-over-year (YOY) decline in the first quarter. Sales priced over $2 million have slowed notably compared to 2018, down 25 percent YOY in Q1, but still above 2017 levels. However, after a short period of improved inventories, sellers in San Francisco took homes …

Compass March Job Report

Jobs Report suggests continued strength in employment, alleviating fears of looming recession. Today’s much anticipated national employment report from the U.S. Bureau of Labor Statistics provided further evidence of continued solid economic growth. There were 196,000 jobs added in March, after a wild swing between January’s 312,000 additions and February’s 33,000 additions. The three-month average is …

30-YEAR Mortgages see Biggest One-Week Drop in a Decade

  According to the FHLMC (Freddie Mac), the average 30-year mortgage interest rate dropped to 4.06%, the biggest 1-week decline in 10 years, and down from 4.94% in November 2018. That rates are approaching 4% is an amazing turnaround from expectations a few months ago. Two out of three people say now is a good …

How Much Income Does it Take to Buy a Home in SF?

  What does it take to buy a home in San Francisco these days? For starters, a lot of optimism. But you’ll also need a hefty annual income; New York-based finance site Smart Asset suggests at least $172,000 per year if potential homeowners want to stay out of debt. Read the full article @bethanywpatten #homebuyer …

Compass NorCal February 2019 Real Estate Update

While the pace of sales generally picked up from the January highs in most Bay Area regions in which Pacific Union DBA Compass operates, most regions saw relatively lower prices compared to last February when the robust spring price growth began. SAN FRANCISCO — SINGLE-FAMILY HOMES While increasing from the month before, San Francisco February’s …

The IPO Debate

- Talk of the Town - different opinions on the 2019 IPO effect on Bay Area housing market.   When Uber and Airbnb Go Public, San Francisco Will Drown in Millionaires Housing Madness — As the idea of the coming I.P.O.-palooza took on currency, sellers started pulling their houses off the market. The broader California …

Thousands of New Millionaires Are About to Eat San Francisco Alive

  Uber, Lyft, Airbnb and Pinterest plan to go public. As the idea of the coming I.P.O.-palooza took on currency, sellers started pulling their houses off the market. SAN FRANCISCO — Big wealth doesn’t come in monthly paychecks. It comes when a start-up goes public, transforming hypothetical money into extremely real money. This year — …