Articles Filed Under: Breaking News

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SF Population Ticks Up to 884,000; Bay Area Nearing 7.8 Million Mark

The estimated population of San Francisco proper has inched up from 880,400 in July of 2017 to 884,000 as of January 1, 2018, according to the latest data from California’s Department of Finance. As such, San Francisco’s population increased by roughly 10,000 (1.14 percent) in 2017, with 64 percent... Read More »

Benchmark Mortgage Rate Jumps, Nearing 7-Year High

Benchmark Mortgage Rate Jumps, Nearing 7-Year High

The average rate for a benchmark 30-year mortgage jumped 11 basis points over the past week to 4.58 percent, which is 55 basis points higher than the 4.03 percent rate in place at the same time last year and an effective 7-year high, matching the 4.58 percent average rate... Read More »

Bottom Third of Bay Area Home Values Just Hit Pre-Recession High

Bottom Third of Bay Area Home Values Just Hit Pre-Recession High

Having inched up 0.4 percent in January, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – ticked up another 1.0 percent in February and is now running 10.1 percent higher on a... Read More »

Get Ready to Rumble, Not Just Shake, If Approved

Get Ready to Rumble, Not Just Shake, If Approved

As we first reported at the beginning of the year, and formally confirmed last week, Shake Shack is planning to convert the shuttered Real Food Company building on the southeast corner of Fillmore and Filbert, down in Cow Hollow, into its first outlet in San Francisco, as newly rendered... Read More »

Bay Area Employment Slips from Record Highs

Bay Area Employment Slips from Record Highs

At a time of the year when Bay Area employment figures typically tick up, the number of people living in the city of San Francisco with a job dropped by 1,200 in March to 555,500. But with 2,300 people having been removed from the labor force, the unemployment rate... Read More »

State Senate Committee Kills Controversial Housing Bill SB 827

With only four (4) of the thirteen (13) members of the State Senate’s Transportation and Housing Committee voting in favor of advancing Senator Scott Wiener’s “transit-rich housing bonus” bill, the controversial SB 827 is DOA this legislative year but is expected to be rewritten and reappear in 2019. The... Read More »

The Latest Inventory of SF’s Housing Stock and Actual Development

The Latest Inventory of SF’s Housing Stock and Actual Development

Including finished new construction projects and conversions, 4,441 net-new units of housing were added to San Francisco’s stock of housing last year, down 12 percent from 5,046 in 2016 but nearly double the 20-year average of 2,295, figures which are slated to be presented to San Francisco’s Planning Commission... Read More »

Tunneling to the Transbay: Most Likely Approach and Timing

Tunneling to the Transbay: Most Likely Approach and Timing

While there are technically three possible routes by which trains are slated to eventually reach San Francisco’s new Salesforce/Transbay Transit Center, in terms of the most probable path, there are really only two. While a Citizens Working Group convened to study the potential paths continue to include a Mission... Read More »

Sex Trafficking Likely Funded Eye-Popping Sale in Pacific Heights

Sex Trafficking Likely Funded Eye-Popping Sale in Pacific Heights

As we noted at the time, the buyer behind that eye-popping sale of 2755 Fillmore Street, which sold for $13.25 million or roughly $2,577 per finished square foot back in 2016, wasn’t a foreign national. In fact, the buyer was Michael Lacey, the co-founder of Backpage.com. This past Friday,... Read More »

Frustration Mounts as Timing for New Transit Center Slips Again

Frustration Mounts as Timing for New Transit Center Slips Again

As we reported last month: While the 5.4-acre rooftop park atop San Francisco’s future Transbay/Salesforce Transit Center is on track to be fully planted, landscaped and construction complete in June, the timing to complete the $2.3 billion building below has slipped anew. Originally expected to be substantially complete at... Read More »