Election results 2018: Voters Reject Rent-Control Expansion

    Proposition 10 trounced nearly 2-1 at the ballot box. Read more on the @bethanywpatten California voters soundly rejected Proposition 10 on Tuesday night, electing to preserve the state’s 1995 Costa-Hawkins Act and its profound restrictions on local rent control laws. The California secretary of state’s office reported Tuesday night that an estimated 64 percent …

Is it a stretch to say Prop. 10’s rent control is bad economics?

(Photo by Dean Musgrove, Los Angeles Daily News/SCNG) Simply put, the economic concept of “elasticity” is in play with Prop. 10. This theory measures what a consumer may do when faced with changes in the price of a product or service. Or how far you’d rationally stretch your budget to buy something. Read more @bethanywpatten …

Most Americans Like Their Neighbors

THREE-QUARTERS OF HOMEOWNERS SAY THEY HAVE GOOD NEIGHBORS Here is some promising news for anyone who is planning a move: There’s a better-than-average change that you’ll like your new neighbors. Realtor.com’s 2018 Good Neighbors Report found that 77 percent of Americans think that they have good neighbors, compared with just 7 percent who believe the …

Bay Area Housing Markets Got Spooked in September

  Bay Area home sales declined by 20 percent year over year in September, with all counties posting drops, led by Sonoma and Contra Costa. In 2018, the region’s housing market activity is trending 4 percent lower year to date. The rebalancing between buyers and sellers is driven by affordability constrains and buyer fatigue, with …

Perched up on San Francisco’s Russian Hill

    Check out this $45 million Russian Hill compound that just hit the market Perched up on San Francisco's Russian Hill, the sweeping views from 950 Lombard St. reach from Alcatraz to Salesforce Tower. But the roughly 9,500-square-foot gated compound at that address is a sight to behold itself. If purchased for its $45 …

  BEST VALUE of $733 per square foot in SF - 57 Octavia in Hayes Valley Open Houses: Sat, Oct 27th:             1:00pm - 4:00pm Sun, Oct 28th:            1:00pm - 4:00pm Additional Showings by Appointment: Contact Bethany Patten 415-345-3141 bethany.patten@pacunion.com A rare corner unit located in …