Weekend Events and the Weekly Real Estate Update

It’s Super Bowl Weekend, and there’s not much to do but wait for the game and all the eating that goes with it. If you’re still not sure where you are going to watch the Super Bowl, sf.funcheap.com has published the perfect guide for you.  Super Bowl LII: Where to Watch tells you where to find SF’s biggest screens, arcade parties, puppy bowl celebrations, drink specials, and more. Of course, before all of this, you might want to take advantage of the beautiful weather we’re forecast to have, and join in one of Sunday’s 15 free San Francisco Walking Tours.

On the “Homes for Sale in San Francisco” front, here’s our report for this week, 1/28/18 – 1/3/18

SF Real Estate Is Expected to Be Hot Again in 2018

Even after a years-long boom, the San Francisco metropolitan area is still expected to be among the hottest U.S. housing markets in the country in 2018, according to an SF.Gate.com report. Factoring in home values, rents, and jobs, San Francisco is expected to rank as the No. 5 hottest real estate market in the nation.

For all the talk of the U.S. tax overhaul hitting wealthy blue-state real estate, the San Francisco Bay area is set for more home-price gains. Its technology-fueled economy and persistent housing shortage are sending values ever higher — and that may get even more pronounced as tech share sales create still more new millionaires in San Francisco and Silicon Valley. In short, home prices will keep rising as more startups go public or sell shares privately, generating cash for tech investors and workers.

In the city of San Francisco, low unemployment at 2.2 percent — along with the expansion of large employers such as Dropbox, Facebook, and Google — is likely to ensure demand for housing will continue to outstrip supply. The median house price in the City soared 11 percent to a record $1.5 million in the fourth quarter, while the average time it took to sell fell to two weeks from 22 days a year earlier.

To read the entire report, please click on, or copy and paste, the link that follows: http://bit.ly/2DLxEXc