CITY BLOGS

Condo and Loft News by City

There are currently 33 blog entries related to this category.

With less than two weeks away until daylight savings time, there is so much going on this spring in San Francisco!

MARCH 5, San Francisco International Chocolate Salon, Herbst Pavilion, Fort Mason Center
www.sfchocolatesalon.com 
Those with a yen for chocolate can indulge in artisan, gourmet and premium chocolate from more than 50 chocolatiers and confectioners. Non-chocolate exhibitors and artisans will be on hand as well including wineries participating in the San Francisco Invitational Wine Salon. 

MARCH 5-22, Jewish Music Festival Various locations throughout San Francisco and Berkeley
www.jewishmusicfestival.org  510-848-0237 or 800-838-3006 FREE
Oldest festival of Jewish world music in the U.S. will take its final bow.

MARCH 10-13, Ocean

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the pacific.JPG

Photo of "The Pacific Heights" new luxury residences to be released in early spring

San Francisco remains one of the most desirable places to live...

We are seeing some properties come back on the market in 2016 that did not sell in 2015. The city is growing with new construction and some great new amenities in 2016 and 2017.

Interest Rates are at historic lows which makes today the perfect time for being a home buyer as low rates give you additional purchase power. To assess what that means, let’s model a few scenarios predicated on where rates have been in the past 5 and 15 years, vs where they are trending now. 

Purchasing a $1,250,000 property with 20% down, loan amount of $1,000,000

- 10/1 arm in 2005 averaged 5.250%, apr of 5.299%

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Luxury buyers of San Francisco condos valued at more than $1.5 million now have a key advantage. It’s been a seller’s market in San Francisco for several years now. In fact, since 2012, sellers have had the proverbial upper hand, due to the low inventory and high demand for homes. The historically low mortgage interest rates didn’t hurt either. Indeed, most homeowners selling their homes or condos in San Francisco could expect to get their asking price or above. Countless sellers had to weigh multiple offers on their homes. For median priced homes and condos in San Francisco, that hasn’t changed a great deal yet.
 
However, a marked change has occurred in the luxury real estate market in San Francisco, wherein the tide has turned in favor of buyers.
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high-rises fireworks

Written by Brian Enright

Millions of Americans love watching fireworks on the 4th and New Years Eve.  In fact we like them so much that we pile in the car, sit in the heat for hours to get a good spot and then suffer the traffic to get back home.  What if you could just step out onto your terrace for the best view?  Then when it's over and everyone else has to schlep back to their car you just step inside for another glass of wine.  If that sounds like a good way to enjoy the show then take a look at the list below.  We asked each Highrises.com partner agent and high-rise specialist which buildings have the best fireworks views.   Consider a condo in these buildings if you like to entertain on holidays.  OR find a friend who lives in one of them...

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888 South Hope
Construction has begun on the new 33 story tower that will transform South Park. It will have 526 residential units and also provide parking and commercial space. The amenities are expected to be incredible including some unique ones on the rooftop. Photo taken December 28th, 2014 

La Kretz Innovation Campus
Joining a trend nationwide, LA is smart to build innovation districts where entrepreneurs and leaders can gather, brainstorm, share ideas and frankly “geek out”. This will all be done in a clean-tech environment surrounded by lush green parks and creative artists. The project boasts 30,000 square feet of clean tech space to attract and retain young start up tech companies in Los Angeles. This is a perfect addition to Downtown LA

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It’s Neruda week in Austin! Today, don’t miss an excerpt from the upcoming, still-in-the-works documentary, The Poet’s Calling, by translator and director Mark Eisner. Later in the week, hear the the poet sing with original work by the Conspirare Company of Voices, Thursday & Friday at Bates Recital Hall. If you see me there, don’t be shy—come over and say hello!

And if monsters and demons are more your speed, be sure to catch Fantastic Fest at Alamo Drafthouse South Lamar, September 18th - 25th. You probably won’t see me, since my vivid imagination already keeps me up at night without anything to encourage it, but if I do happen to venture that way, I hope you'll tap me on the shoulder--just not when the monster's about to jump out of the closet!

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The USUThis is one of our new favorite things!  The USU was created for urban dwellers, and is especially useful for high-rise residents as it provides much-needed storage space right in your parking space.  USU launched in Austin, TX, where they have hundreds of units in buildings throughout the city.  Because of the demand USU has expanded and can now ship and set up their storage units throughout the United States.  If you could use about 60 cubic feet of extra storage give them a call at 512-981-5735 or visit the USU website.  They even provide "white glove" delivery and set up right in your parking space.  Click here to see their brochure.

 

USU with CarUSU with content

 Loaded up USU

www.TheUSU.com

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The latest report released by CoreLogic showed that the Housing Price Index (HPI) is at the highest level since June 2008.  The HPI in November 2013 was measured at 164.3307, a value which has not been that high since June 2008 when it was at 164.4140.  

The lowest in the period was 134.2909 back in February 2012.  The last time the HPI was 100 was back in Jan 2000, and six years later in April 2006 was 199.493.  The HPI index is a measurement of the movement of the prices of homes nationally.  It tracks these price changes in 363 metropolises.  

Calculated Risk Blog used the data from CoreLogic and made this great visual to see the trends more easily.

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