SF real estate listings up 75%, sales down 13%
By Tim Ellis at Redfin | Real Estate Tips for Home Buying, Selling & More
Only two of the 85 largest metros tracked by Redfin posted a year-over-year increase in the count of seasonally-adjusted active listings of homes for sale: San Francisco (+75%) and New York City (+10%). The sudden expansion of work-from-home policies due to the pandemic has led many people to flee these cities, two of the country’s most expensive housing markets.
San Francisco had the highest increase in the number of homes for sale, up 75% year over year, followed by New York (10%).
article date: 2020 09 17
posted: 2020-09-17 9:10:08
Tags: Bay Area ,real estate,noteworthy links
Read the original post >
Drop in San Francisco Rents Has Accelerated
Having slipped under $3,600 in August, the weighted average asking rent for an apartment in San Francisco has just dropped to under $3,400 a month, which is down nearly 6 percent over the past month alone (having dropped closer to 3 percent a month over the prior quarter), down over 20 percent on a year-over-year […]
Wave of Small Business Evictions on the Horizon
Governed by state law, local governments normally can’t exert control over commercial leases. But having been enabled by an Executive Order issued by Governor Newsom back in March (N-28-20), and then extended in June, San Francisco was able to enact an eviction moratorium for small and medium-sized businesses (defined as businesses with up to $25 […]