Articles Filed Under: Breaking News

(918 posts)
Owner and Operator of Dungeon-Like Death Trap Settle for $3.2M

Owner and Operator of Dungeon-Like Death Trap Settle for $3.2M

The owner and operator of a warren of illegally constructed rental units discovered in the basement of the Clean Wash Center building at 4680-4690 Mission Street, on the border of Mission Terrace and the Excelsior, have agreed to pay over $3.2 million in penalties and restitution. Built in the... Read More »

Mortgage Rates Hit Seven-Year Highs, Odds of a Rate Hike Hold

Mortgage Rates Hit Seven-Year Highs, Odds of a Rate Hike Hold

Having ticked up 6 basis points over the past week, the average rate for a benchmark 30-year mortgage now measures 4.61 percent, which is 59 basis points higher than the 4.02 percent rate in place at the same time last year and the highest average rate since May of... Read More »

Passed by Planning, Central SoMa Plan Is Now Headed to the Supes

Passed by Planning, Central SoMa Plan Is Now Headed to the Supes

Having been unanimously supported by San Francisco’s Planning Commission last week, the City’s ambitious Central SoMa Plan is now slated to be reviewed by the Board of Supervisors’ Land Use and Transportation Committee on June 25, after which it will be passed along to San Francisco’s full Board of... Read More »

Number of Homes for Sale in San Francisco Is on the Rise

Number of Homes for Sale in San Francisco Is on the Rise

Driven in part by a pronounced slowdown in sales activity since the end of last year, the number of single-family homes and condos actively listed for sale in San Francisco (650) is currently running 3 percent higher versus the same time last year (630) and 41 percent above the... Read More »

Target Opening Day for the Salesforce / Transbay Transit Center Set

Target Opening Day for the Salesforce / Transbay Transit Center Set

With little slippage in the expected completion date for San Francisco’s Transbay/Salesforce Transit Center over the past month, the target opening date for the new center and its 5.4-acre rooftop park has been unofficially set for August 12, 2018. Keep in mind that the opening date assumes no major... Read More »

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 »