Monthly Archives: May 2020

Bay Area Housing: Will Remote Work and COVID-19 Affect SF Rent?

“Having made this move, at least for now, we’re in a better financial situation,” she said. Despite the recent outflow of high-salaried, telecommuting workers from the Bay Area, local housing economist Issi Romem is quick to deflate the idea that the … Continue reading

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Realtors Say They’ll Sue to Block Restaurant Rent Abatement Plan

Real estate groups across California say they’ll sue to kill legislation that would let bars and restaurants pay back missed rent payments over the next year Forner San Francisco Supervisor turned State Senator Scott Wiener proposed California State Bill 939 … Continue reading

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San Francisco Foundation CEO: ‘We Need To Have A Higher Aspiration Than Going Back To Normal’

A Bay Area economic recovery should go beyond going back to normal, nonprofit leaders said during Bisnow’s weekly Bay Area webinar Thursday afternoon.  As the first region to implement shelter-in-place orders, the Bay Area has taken as sustained a hit to its economy as … Continue reading

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Coronavirus: Home sales, prices expected to dip, recover slowly

Driven by pandemic fears, shut-downs and job losses, U.S. home prices are expected to dip between 2 and 3 percent this year, with sales falling by as much as 60 percent, according to a new forecast by Zillow. But the … Continue reading

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Once-coveted offices in SF’s Union Square vacant as COVID-19 crisis forces businesses to close – KGO

SAN FRANCISCO (KGO) — The COVID-19 pandemic could mean an uncertain bumpy ride for the commercial real estate market in the Bay Area. With so many of us working from home, the future of office space is uncertain. Much of … Continue reading

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