A new ordinance that passed at the SF Board of Supervisors is becoming law on June 2. It will affect all sales of buildings of three units and up. The legislation is known as the Community Opportunity to Purchase Act, or COPA for short.
As housing prices soared with the current real estate cycle, the housing crisis has gotten worse and though many solutions have been proposed, the push for more Accessory Dwelling Units (ADUs) have gained some traction recently.
With the median priced single-family home selling for about $1.6 million in San Francisco, this is a serious investment and requires that you prepare carefully and consider your choices before you make the jump into home ownership.
I am seeing more properties coming onto the market and preparing for a good spring selling season. The factors affecting optimism seem to be the instability of the stock market and buyer hesitations that we might be at the top of the market.
We see cycles occurring in all of life. Some cycles are long and others are short. Cycles also tend to repeat themselves.
… if you are contemplating buying real estate, be careful of overpaying. If you are planning on selling, keep in mind that there is short supply and you should get a good price.
The market remained steady throughout the year with mortgage interest rates rising from the 4 to 5 percent range by the end of the year. Even though this is still low by historic standards, it is the highest it has been the last seven years and it has impacted the market.
When my November Voter Pamphlet arrived in the mail I marveled at how thin it was this time around. There are only five ballot measures for San Francisco voters to decide and 11 for the state.
As I talk to people and clients every day in San Francisco, I have discovered one of the reasons why the home inventory is so low – it is because property owners do not feel like they can move. If they were to buy something else, their mortgage payments and property taxes would go up, depending on what they buy.
“Now that people are back from their vacations and the weather is getting better, homeowners will be putting their properties on the market. With buyers circling, we should be seeing a strong fall market.”
When a real estate agent represents a buyer, he or she brings a wealth of knowledge and experience to the process and increases the chance of a successful search and purchase.
I examined the single-family home markets in the Richmond and Sunset districts because these two markets generally track very closely together and compared them against the data in San Francisco as a whole.
Affects of new tax law by John M. Lee As I finished my tax returns on April 15, I spoke to my CPA about the changes that the Tax Cuts and Jobs Act tax reform measure […]
Recently, housing activists starting using the term “ethnic cleansing” to describe what is going on in the San Francisco real estate market!
If you are preparing a home for sale, have you ever wondered why some homes sell at
higher prices than others? The answer lies in pricing and emotional appeal.