DID YOU KNOW? Demand for single-family rental homes is surging, and homebuilders are now stepping in, redesigning and reimagining the sector — and becoming landlords themselves. In 2018, about 43,000 single-family homes were built for rent, the largest number in nearly 40 years according to National Association of Home Builders analysis of U.S. Census data. The built-for-rent share of housing starts is also rising, nearly double its recent historical average (from 1992-2012). (CNBC)
What began on the coasts, in areas like New York and San Francisco, is now radiating into the nation’s heartland, as well as to cities from Las Vegas to Charleston, South Carolina. Entry-level buyers are scrambling to purchase homes that are in short supply, sending values soaring. Expectations that the Federal Reserve will reduce interest rates this week will do little to change the sober reality: For many, prices have risen much faster than incomes, pushing homeownership out of reach for a new generation of hopeful buyers (BLOOMBERG).
You can read the full article HERE.
One of the many reasons I love this city is that there is ALWAYS something fun to do. Here are just a few things to check out this weekend.
July 28th, 7:00pm
Neck of The Woods, San Francisco, CA
Inspired by the blockbuster movie, see some of the Bay Area’s top comedians at San Francisco’s Crazy Funny Asians comedy showcase! Let’s celebrate the Bay’s Asian-American culture and heritage with laughs.
July 28th – Show starts at 2:00pm. Seating is first come, first served.
Artistic Director Helgi Tomasson, performs a selection of highlights from their current repertory at Stern Grove Festival. Conductor Martin West leads the San Francisco Ballet Orchestra.
July 27th & 28th, 12:00-5:00pm
Winemaker Studios is a collective group of urban wineries located in a rustic, relaxed setting with waterfront and Bay Bridge skyline views, providing a genuine, winetasting experience. Located on San Francisco’s historic Treasure Island, Winemaker Studios brings together great winemakers to provide a one-of-a-kind urban wine experience for individuals, private events and unique corporate gatherings.
DID YOU KNOW? 95-year-old billionaire Charlie Munger’s advice for a happy life is worth repeating:
Staying cheerful, regardless of how bad things can be at times, is great advice. Nothing new, but worth repeating. (CNBC)
1750 Taylor #504 is a luxury co-op that sits at the apex of Russian Hill. It was purchased in its original condition by a real estate agent named John Farnham in 2016 for $1,667,250.
John’s plan was to extensively remodel the home and enjoy it for many years with his partner. However, after the remodeling they decided to sell #504 so they could buy a different property that had grabbed their attention. After some months on the market, my clients purchased the home in June of 2019.
Below are some before-and-after pictures that show you the home’s transformation. One of my buyers has a background in home design, so she appreciated the effort that went into renovating #504.
San Francisco’s fireworks show will get under way Thursday at 9:30 p.m. or thereabouts from the foot of the Municipal Pier and from barges north of Pier 39 at Fisherman’s Wharf. Here are a few good places to view them.
DID YOU KNOW? 78% of adults are losing sleep over work, relationships, retirement and other worries, according to a study released by Bankrate.com. 56% of Americans are lying awake at night worrying about money. People are tossing and turning over retirement (24%), health care and/or insurance bills (22%), the ability to pay credit-card debt (18%), mortgage/rent payments (18%), educational expenses (11% versus 26%) and stock-market volatility (5%). The site polled over 2,500 people.
Let’s hope we can all rest up over the long holiday weekend.