Weekend Events and the Weekly Real Estate Update

It’s a three-day weekend so lots going on! Here are just some of the things you can do: The 39th Annual Carnaval San Francisco takes place Saturday and Sunday in the Mission. A free concert by jazz “Jedi master” tenor saxophonist Richard Howell & Sudden Changes happens on Saturday from 1 to 2:30 PM at Yerba Buena Gardens. It’s Memorial Day of course, and there is a Memorial Day Commemoration  on Monday from 10:30 AM to 3 PM at the Presidio’s Officer’s Club. Activities around this event include a grand march with veterans, a formal ceremony, a ranger-led cemetery walk, and a community picnic on the Main Parade Ground.

On the “Homes for Sale in San Francisco” front, here’s our report for this week, 5/21/17 – 5/27/17

A recent realtor.com report summarizes some of the trends we’ve noted in recent years. It turns out what’s taking place in San Francisco is actually happening across the country, and contributing to America’s worsening housing shortage. Young people in the U.S. prefer living in city centers and that has had a significant impact on our nation’s housing stock.

In some of the country’s largest and most prosperous markets, such as New York, San Francisco, Boston and Los Angeles, housing construction has been stronger than normal in the urban core but weaker in the suburbs, where new housing can be built abundantly and more cheaply.

As builders have shifted focus toward trendier urban markets and away from cheaper suburbs, they have produced less housing overall than they otherwise might have. At the same time, high land costs in central cities have pushed developers to focus on higher-end housing geared toward high earners.


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