Weekend Events and the Weekly Real Estate Update

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Just like every weekend in wonderful San Francisco there are plenty of events to keep you entertained for your well needed days off! If you don’t have any plans today, why not head down to Market Street and mark your April Fools Day by taking part in the St. Stupid’s Day Parade. It kicks off at Justin Herman Plaza at 12pm and will commence through the Financial District. Wearing something silly is a must for this one!

The Rock ‘n’ Roll Half Marathon is also in town this Sunday. If you don’t feel like taking part but still want to experience the excitement of the day, why not head down to Civic Center Plaza from 9:15am  where there will be a free concert and an array of street performances.  More information on the event can be found here.

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On the “Homes for Sale in San Francisco” front, here’s our report for this week, 3/27/16 – 4/2/16:

RealtyTrac recently ranked San Francisco County as the fifth least affordable county in the nation. The organization compared average wages against median home prices in each county to establish its rankings. The good news is, if your county is on the unaffordable list, it’s likely to be one of the most desirable places on Earth to live.

California is home to seven of the top ten least affordable counties in the country. Does this mean we’re looking at another housing market bubble?

Jeff Mezger, CEO of KB Home, one of the largest home builders in the nation, argues that it does not. In an interview with Business Insider, he says that he doesn’t believe we are anywhere near a bubble price. When you look at the Bay Area, he says, “There is such good demand and so little supply.” When this is the case, prices of course go up, but that doesn’t mean it’s a bubble.

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