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Another Record Low for Unemployment

Another Record Low for Unemployment

Most homebuyers borrow against their future earnings in the form of a mortgage loan, so the more confident people feel about their jobs, the higher the number of people shopping for homes. In September, the San Francisco hit another low for unemployment, at 1.8 percent, according to California Employment Development Department. A growing portion of the […]

More Development to Come at Mission Bay

More Development to Come at Mission Bay

With the Warrior’s Basketball arena just opened and UCSF nearing their buildout, the Giants, as other major neighborhood anchor, plan to expand their footprint with their visionary Mission Rock project which would consist of 11 buildings, 1,200 units of rental housing, 1.4 million square feet of office and commercial space, 200,000 square feet of retail […]

Market Street to be Car-Less Downtown

Market Street to be Car-Less Downtown

Starting in 2020, cars will start to be banned from downtown portion of San Francisco’s major thoroughfare Market Street. Construction of the first phase of the $604 million “Better Market Street” project will start in January from Fifth to Eighth streets. Once considered a radical idea, the Municipal Transportation Agency board voted unanimously to do it, […]

SOLD: 720 York St #228 – Mission Brick & Timber Loft!

SOLD: 720 York St #228 – Mission Brick & Timber Loft!

A timber and brick conversion, this historic Mill Building loft oozes with originality and charm. With a brilliant combination of unique architecture and thoughtful redesign, this home is ready for someone who appreciates an inspiring and restful environment. Skylights and large windows pours in natural light. The dramatic vaulted redwood ceiling and zen-influenced upper bathroom [...]
Bay Area has Highest Rent in August

Bay Area has Highest Rent in August

Of the 100 largest metropolitan areas in the US, 3 of the 5 with the highest rents in July are in the Bay Area, according to Zumper's August report. San Francisco continues its rein at the top, with an average of $3,600 for a one-bed rental unit; though this is a drop from June's record-high [...]
Access More Off-Market Listings with Aalto

Access More Off-Market Listings with Aalto

  We're excited to provide you a free Aalto account to search for even more off-market listings! Simply click on this link and then enter "Ascend Real Estate" should it prompt you for an invite code or agent name. Right now, Aalto has private listings in Marin and San Francisco, with more counties to come. Our weekly emails [...]
Friends, Family or AC?

Friends, Family or AC?

Worldwide, the last few years have been some of the warmest on record, so you may be less shocked to learn that a majority of American renters and homeowners prioritize having air cooling over living near friends and family, according to research from Zillow. The nation's only exceptional group San Francisco renters, of whom 30.3% [...]
Homeownership Falls despite High Demand

Homeownership Falls despite High Demand

San Francisco metro, which includes surrounding counties of Alameda, Contra Costa, San Mateo and Marin, reported its lowest homeownership in seven years. Census Bureau found just 51.7% of residents owned their home during the second quarter of 2019. A year ago, it was 56.4%. In comparison, nationwide homeownership rate has been going up, most recently [...]
Big Drop in Mortgage Rates

Big Drop in Mortgage Rates

Mortgage rates fell sharply due to trade war anxiety, with investors fleeing to long-term bonds. Per Freddie Mac, average rate on the 30-year mortgage dropped to 3.60% from 3.75% last week and from 4.59% 12 months ago. 15-year, fixed-rate home loans tumbled to 3.05% from 3.20% last week. Last week, the Federal Reserve cut its [...]
June Unemployment Nears Record Lows

June Unemployment Nears Record Lows

Bay Area counties still have some of the lowest unemployment rates in the Country as of June, according to California Employment Development Department. San Mateo County continues to have the lowest rate in the state at 2.2%, with San Francisco (2.3%) and Marin (2.4%) counties close behind. Alameda County saw 3.1%. While low, these numbers [...]