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Tales of the Tour

Tales of the Tour

Every week we tour homes across San Francisco, this week we saw 38! Let us know what you’re looking for, and we’ll keep and eye out for you! Some quick highlights: • 1745 North Point – Beautiful property, well done but no views. 1745NorthPoint.com • 124 Caselli – Finishes could be higher but in a […]

Happy Lantern Festival! 宵节快乐!

Happy Lantern Festival! 宵节快乐!

As the 2020 Lunar New Year season comes to a close, North America’s oldest chinatown celebrates! Enjoy our city’s unique cultural heritage by attending the San Francisco Chinese New Year Parade, which will be held Saturday evening “come rain or stars” featuring a 288 foot Golden Dragon (see below for parade route). Or wander through […]

Rate Update: Mortgage Rates Falling

Rate Update: Mortgage Rates Falling

Mortgage interest rates have been falling since the New Year. Nationwide, as of Jan 31, 30-Yr Fixed Jumbo stands at 3.73%, 30-Fixed Conforming is 3.64%, and 5/1 ARM Jumbo is 3.09%, according to Bankrate.com. We may yet return to the troughs we had last September. Definitely good news for homebuyers.

Top Tier Tech Bring Big Buyers

Top Tier Tech Bring Big Buyers

Why does demand for housing in the San Francisco Bay Area keep growing? High-tech innovation benefits from existing networks and close proximity to other tech firms. According to a recent report by the Brookings Institute, since 2005 five metropolitan areas have accounted for 90% of all growth in United States in the innovation sector (which includes science, […]

Interest Rates Sliding since New Year

Interest Rates Sliding since New Year

If any of your New Year Resolutions involves borrowing money, you’re in luck! Both the short-term Fed interest rate and the longer-term mortgage interest rates have been falling in 2020 thus far. After  cutting its rates three times between July and August 2019, the Federal Reserve announced in January that it is holding its Fed […]

2020 Starts with Tight Inventory

2020 Starts with Tight Inventory

Super Bowl is the start of the busy Spring selling season when we usually see the highest number of homes on the market. If January is any indication, the 2020 Bay Area inventory would appear to be tight like last year. Single-family and condominium inventories both shrank through most of 2019 in San Francisco, with […]

New Food Hall Coming to Oakland

New Food Hall Coming to Oakland

Jack London Square may be home to an exciting new Oakland Assembly, a 40,000-square-foot, two-level market hall that’s slated to open in Summer 2020. Chefs who plan to open food kiosks include Reem Assil (Reem’s), Preeti Mistry (Juhu Beach Club), Matt Horn (Horn BBQ), and the ramen team behind Mensho Tokyo. The developer describes its as a “entertainment venue“ with a huge bar in the […]

California’s Economy Continues to Boom

California’s Economy Continues to Boom

California’s economic growth seems to stand out from the rest of the US. The State’s October data shows San Francisco had 3.5% job growth, followed by San Jose (3.0%), San Rafael (2.8%) and the East Bay (2.2%). San Mateo has the lowest unemployment rate at 1.8%, followed by San Francisco’s 2.0%. Job growth was across […]

Musical Chairs for Bay Area Headquarters

Musical Chairs for Bay Area Headquarters

Visa announced that it will be establishing its 1,500-employee global headquarters in San Francisco Giants’ forthcoming Mission Rock development while still keeping its Foster City office. The Mission Bay is already home to several corporate and biomedical organizations, including Old Navy, which could have its own headquarters should it spins off from The Gap. At […]

Mortgage Rates to Keep Going Up?

Mortgage Rates to Keep Going Up?

After a drop last week, mortgage interest rates continued its upward trend that started in September. According to Freddie Mac, the 30-year conforming fixed-rate average rose to 3.75% this week, compared to 3.69% a week ago and 4.94% a year ago. They are likely to keep going up as they generally track the 10-year Treasury […]