Weekend Events and the Weekly Real Estate Update

Another big weekend is coming up, and there are tons of things to do. The SF Jazz Festival continues with ten performances on Friday, Saturday and Sunday. Also on Sunday, The 2017 Escape From Alcatraz Triathlon takes place, along with a bunch of street festivals, including the Haight Ashbury Street Fair, Noe Valley SummerFest, and the “Sunday Streets” Huge Block Party at Sunset and Golden Gate Park.

On the “Homes for Sale in San Francisco” front, here’s our report for this week, 6/4/17 – 6/10/17

The low inventory of homes for sale is a problem, not just in San Francisco, but across the country. A recent Mortgage News Daily report looked at what is taking place.

Historically Americans have tended to buy their first home at a certain age, and move up into a newer, larger, better located, or more amenity laden home a few years later, and then perhaps move again to downsize or relocate to a more suitable place for retirement.

Lifestyle choices, and the housing crisis, disrupted all of this in recent years. Even though most markets have recovered from the real estate downturn, a new mindset has taken hold.

Today, not only are Americans buying that first home later than their predecessors, but once settled in, they seem to want to stay there. This has had ramifications for potential buyers as inventories of existing homes for sale are at record lows across the nation.