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Blog Archives: January 2015 — December 2015

Market Watch | Bay Area Home Sales Cool Off While Prices Keep Moving Higher

December 23, 2015
A continuing inventory shortage may be the primary reason why Bay Area home sales declined in October compared to a year ago, the first year-over-year drop in sales since February. But the limited number of homes on the market has also kept home price moving higher as we edge closer to yearend. CoreLogic, the real estate information firm, reported that that there were 7,673 new and existing home sales in October (the most recent figures available). That’s down 2.4 percent from September and 2.5 percent from October 2015 – the first YOY drop ...

Offshore Buyers Continue to Invest in Bay Area Real Estate

December 22, 2015
2015 was another very strong year for foreign investment in U.S. real estate, especially here in the Bay Area and particularly from Asian buyers. The dollar volume of all foreign investment in the U.S. reached $104 billion for the 12 months ended March 2015, up 13 percent from the same period a year ago, according to the National Association of REALTORS®. More than half of that investment went to California and three other states – Florida, Arizona and Texas. No one knows for sure exactly how much foreign investment there is in the Bay ...

2015 Year-in-Review for Bay Area Housing Market: Strong Demand and Limited Inventory Created Seller’s Market

December 21, 2015
As we approach the end of 2015, it’s a great time to take a look back at how the Bay Area housing market fared this year. This year turned out to be another strong year overall for the local real estate market, especially for home sellers. The Bay Area housing market experienced good appreciation in home prices in many areas, although some home values did come back to earth a bit as the year wore on. The median sales price in the Bay Area through October reached $710,000, up 9 percent in 2015 from last year, according to local MLS data ...

San Francisco New Year’s Eve 2016

December 09, 2015
San Francisco provides the ultimate destination for ringing in the New Year with its breathtaking views of the city and bay, electric nightlife and world-class dining and entertainment. Whether you want to watch the city light up with fireworks, wine and dine with friends or toast to 2015 at a lavish party, San Francisco will not disappoint. So let’s begin the countdown to five of the “best” ways to welcome 2016 San Francisco-style. 1. Best Family Activity—San Francisco’s Midnight Fireworks Show Ring in the New Year with a bang by enjoying ...

Celebrating the Holiday Season in San Francisco

December 09, 2015
From the lights, window displays and bustling crowds of shoppers in Union Square to the lit up houses and boats along Marina Boulevard to the intimate neighborhood celebrations  – it’s all part of the San Francisco holiday experience. Here’s a look at just a few of the festivities available throughout the city to help you celebrate this holiday season: Illuminate SF Location: Throughout San Francisco When: Now Through January 2016 Presented by San Francisco Travel, Illuminate SF sets San Francisco aglow this holiday season with 27 public ...

Monthly Market Snapshot - Oct. 2015

December 09, 2015
Transitory periods in the market are common this time of year, and after a persistent period of steady year-over-year climbs in sales metrics, recent low national numbers have not fulfilled what many predicted. But on a positive note, jobless claims have also been at low levels, coming in as the lowest number since 1973. As always, every market and situation is unique, so some numbers seen in national trends may not always line up with local markets. New Listings were down 2.0 percent for single family homes and 10.7 percent for ...

Three Tips for Elegant Outdoor Holiday Decor

November 24, 2015
Decorating the outside of your home for the holidays while maintaining the elegance of your home and staying within your style aesthetic can sometimes present a challenge. Following are three key tips for outdoor holiday dcor to create the perfect blend of holiday splendor and upscale design. 1. Light it up No holiday dcor would be complete without lights. But that doesn’t mean you have to turn your house into The Griswolds. A tasteful display of holiday lights can give your home some seasonal sparkle. Lights strung along your house can ...

Selling a Home During the Holidays

November 20, 2015
The end of the year is not just about shopping, family gatherings and holiday parties – many people use the time off to move before the New Year.  While conventional wisdom may tell you that this may be too stressful a time to consider selling your home, rest assured that it may not be as difficult as you think.  With fewer homes on the market, there is less competition in your neighborhood.  Plus, there are a few things you can do to maximize your home’s charm, and make selling during the holidays a little easier. Understand your potential ...

Condo Market Update: Oct. 2015

November 05, 2015
Provided by The Mark Comapny

San Francisco 2015 Election Results Are Here

November 04, 2015
Follow this link to SF Gate for a beakdown of the results: CLICK HERE From SF Curbed, here is a discussion of the major housing issues that were on the ballot: Housing issues stood out as the main ingredient in the alphabet soup of propositions that headed to vote in San Francisco yesterday, and moderate positions generally prevailed. Efforts to slow new construction in a city starved for housing were generally unsuccessful, with the most talked-about prop of them all, the so-called Mission Moratorium, falling to defeat while height ...

State-Required Affordable Housing Density Bonus Could Soon Be Law in San Francisco

November 04, 2015
​On August 21, 2015, we introduced the Planning Department’s Affordable Housing Bonus Program implementing the State’s density bonus law. [Density Bonus Program Unveiled]. The Program was formally introduced on September 29, 2015, and could be adopted before the end of 2015. The Local Affordable Housing Bonus Program would provide an incentive for project sponsors to set aside a total of 30% of residential units for onsite below-market-rate units to low- and moderate-income households. The most appealing benefit of the program is that it ...

San Francisco Fall Antiques Show

October 09, 2015
The San Francisco Fall Antiques Show, the oldest continuously operating international antiques show on the west coast, returns October 22 to 25 at the Fort Mason Center. The San Francisco Fall Antiques Show includes 60 distinguished antiques dealers from America and Europe offering for sale an extraordinary range of fine and decorative arts representing all styles and periods, including furniture, silver, ceramics, glass, jewelry, rugs, textiles, paintings, prints, photography, books, sculpture and objets d’art. What better way to ...

Coldwell Banker Previews International Luxury Market Report Finds High Demand for $10+ Million Homes in Four New Residential Communities

October 08, 2015
MADISON, N.J., Oct. 6, 2015 /PRNewswire/ --  Four exclusive residential communities have cracked the "Top 20" list of cities with the highest number of sales in the $10 million-plus category, according to the Luxury Market Report prepared by the Coldwell Banker Previews International® marketing program. Driven by strong demand from high-net-worth (HNW) individuals and families, Montecito, Calif.; Delray Beach, Fla.; Palm Beach, Fla.; and Vail, Colo. joined longtime luxury leaders like Beverly Hills, Calif.; Miami Beach, Fla.; and Aspen, ...

Fleet Week in San Francisco

October 07, 2015
The 35th Annual San Francisco Fleet Week is here, which means it’s time to celebrate and honor the men and women of our nation’s armed forces—SF-style. From October 5-12, San Francisco will host an impressive array of events including an air show, military displays, ship tours, parades, live music, delicious food presented by Off the Grid and more! Here’s a look at some of the “don’t miss” events and highlights at this year’s San Francisco Fleet Week: 1. Air Shows—You can’t have Fleet Week without a series of exhilarating air shows. The ...

Prop I May Shut Down Market Rate Housing in the Mission

September 14, 2015
Source: Hanson Bridget November’s Proposition I will ask San Francisco voters to decide whether the city should stop issuing permits for new market-rate housing developments in a large portion of the Mission District. The moratorium would be aimed at developments of more than four dwellings per lot, and could last for a period of 18 months. The construction of affordable housing in the Mission has long been the objective of city planners, elected officials and Mission activists. When the Eastern Neighborhoods (including the Mission) were ...

Fixed Mortgage Rates Tick Higher Amid Continued Volatility

September 10, 2015
MCLEAN, VA--(Marketwired - Sep 3, 2015) -  Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates ticking higher amid another week of volatile market activity on essentially no new information. News Facts 30-year fixed-rate mortgage (FRM) averaged 3.89 percent with an average 0.6 point for the week ending September 3, 2015, up last week when it averaged 3.84 percent. A year ago at this time, the 30-year FRM averaged 4.10 percent. 15-year FRM this week ...

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