Articles Recently Tagged: Affordability

(14 posts)

The Most Expensive U.S. Metro Areas: San Jose And San Francisco

San Jose (#1) and San Francisco (#2) remain the two most expensive major metropolitan areas in U.S. for single-family homes and the gap between the two and the rest of the nation widened in the second quarter of the year. The median selling price for a single-family home in... Read More »

Short-Term Rental Scofflaws Hit With $276,000 Fine

Short-Term Rental Scofflaws Hit With $276,000 Fine

Two landlords who employed the Ellis Act to evict tenants from the rent-controlled units and then marketed the apartments as short-term rentals on Airbnb, Homeway and VRBO have been hit with $276,000 in penalties and fees to settle a lawsuit brought by San Francisco City Attorney Dennis Herrera last year.... Read More »

San Jose And San Francisco Prices Slip While U.S. Median Advances

San Jose and San Francisco remain the two most expensive major metropolitan areas in U.S. for single-family homes, but the gap between the two and the completion has narrowed a bit as the median price dropped for both areas in the third quarter of 2014. The median price for... Read More »

City Responds To “Gloomy” Outlook For Affordable Housing In SF

Responding to the Civil Grand Jury report which noted that the Mayor’s goal of creating 30,000 new and rehabilitated homes is San Francisco by 2020 “will provide some relief to the current shortage, but exactly how far it will go in addressing the affordability issue depends on many factors and... Read More »

Most Expensive Metro Area In The US? San Jose. San Francisco #2

While home-price growth in the U.S. has slowed to its slowest pace since 2012, up an average of 4.4 percent, year-over-year, the median single-family home sale price within the San Jose metro area, which includes Sunnyvale and Santa Clara, increased 11.3 percent from the first to second quarter of... Read More »

San Francisco Will Miss Its Affordable Housing Allocation By A Mile

San Francisco Will Miss Its Affordable Housing Allocation By A Mile

As was long ago determined by the California Department of Housing and Community Development (HCD) and the regional Association of Bay Area Governments (ABAG), in order to meet the growing demand for housing in San Francisco, the City was given a goal of building 31,193 housing units between 2007... Read More »

San Jose Most Expensive Metro Area In US, San Francisco #2

With a median single-family home sale price of $808,000 in the first quarter of 2014, “San Jose” ranked as the most expensive major metropolitan statistical area (MSA) in the United States, according to the National Association of Realtors. The “San Francisco” MSA, which includes Oakland and Fremont, ranked as... Read More »

Exceptional And Extraordinary Circumstances In San Francisco

Set at 80 percent of the combined land and structure values of single-family homes in San Francisco, the threshold for “demonstrably unaffordable and financially inaccessible housing” in the city is now $1,506,000, up from $1,342,000 ten months ago. While merging units in a building where the least expensive unit... Read More »

SF Sellers Are Moving Out, And Behind A Couple Of Buyer Myths

A couple of stats from a survey of Paragon Real Estate Group agents with respect to their last 12 months of activity in San Francisco: 60 percent of the sellers represented by Paragon are relocating outside of San Francisco. The main reasons for their moves: 1. schools (and other... Read More »

San Francisco’s City Attorney Sues Short-Term Rental Scofflaws

San Francisco City Attorney Dennis Herrera has filed two lawsuits against landlords in San Francisco for illegally converting their apartments into short-term rentals, which the property owners then marketed through online platforms such as Airbnb, Homeway, and VRBO. “In the midst of a housing crisis of historic proportions, illegal... Read More »