Weekend Events and the Weekly Real Estate Update

March '16 - It's Friday

SantaCon takes place on Saturday, with Santas gathering at Union Square around noon. A Santa hat won’t be enough, but a Santa suit will qualify you for this very unusual flash mob-type tour of the City and San Francisco pubs.
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On the “Homes for Sale in San Francisco” front, here’s our report for this week, 12/4/16 – 12/10/16

As we approach the end of the year, more and more predictions about the 2017 real estate market will be published. This batch is from the industry website Realtor.com. It’s an outlook for the nation as a whole, but certainly some of these trends are applicable to our San Francisco Bay Area market, and it’s always good to know what’s going on across the country. Here’s what they predict:

1. A moderate national market with dampened price appreciation
2. Lower first-time buyer turnout driven by higher mortgage rates than originally projected
3. Millennial and baby boomer buyer pool dominance
4. Millennial buyers more prevalent in the Midwest
5. Continued inventory struggles
6. The West will continue to be a real estate hotspot

It’s worth noting that San Francisco is not among the ten metros that they predict will be among the hottest in 2017. Still, the report concludes on an encouraging note for the City, saying, “Despite a more moderate housing market overall… strong local economies and population growth will continue to fuel the nation’s top markets.”

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