The U.S. economy has been pretty even so far this year

Posted by Leslie Bauer on Thursday, July 2nd, 2015 at 8:30am.

 

 

Real Estate News:

The U.S. economy has been pretty even so far this year. Usually when new figures are released, they paint a pretty picture worthy of putting above the fireplace in that purchased new home. Recently, some numbers for the first 
quarter were adjusted to show a slight contraction in the economy. The initial 
response from Wall Street was unfavorable, but the correction itself is truly a 
mere blip. Nobody is predicting that the market will take a sudden turn.

New Listings were down 22.9 percent for single family homes and 19.3 percent 
for Condo/TIC/Coop properties. Pending Sales decreased 4.2 percent for single 
family homes and 1.4 percent for Condo/TIC/Coop properties. 
The Median Sales Price was up 28.4 percent to $1,400,000 for single family 
homes and 19.7 percent to $1,125,000 for Condo/TIC/Coop properties. Months 
Supply of Inventory decreased 16.7 percent for single family units and 25.0 
percent for Condo/TIC/Coop units.


One interesting effect of a weaker-than-expected economy is that the Federal 
Reserve does not seem ready to raise short-term interest rates during summer, 
as some had suggested might happen. New projections indicate that rates will 
remain the same until September at the earliest. The dominant storylines in 
housing are decidedly not negative these days. Instead, you're more likely to 
see top sales and luxury living highlighted than the woes of foreclosures and 
short sales.

 

400 Grove luxury residences in award winning Hayes Valley!

400 Grove’s sculpted design highlights its ideal location; its faceted facade echoes the classic Victorian bays and frames enviable views of the bustling neighborhood and surrounding hills. Natural light, diffused by the redwood screen, blends with beautifully crafted finishes in the modern interiors, while the subtly angled windows imbue each residence a unique view of of San Francisco. From Virtual Doorman to SieMatic kitchens and high-performance windows, 400 Grove elegantly integrates advanced systems for exceptional convenience and improved energy performance. 400 Grove is accepting early applications with an expected late Summer 2015 move in date.

 

Stylish residences and unique amenities at Fulton 555!

Front and center in one of San Francisco’s best neighborhoods, Fulton 555 presents 139 modern residences. It’s all right there; you’ll take in the top restaurants, nightlife, shopping and culture that San Francisco has to offer. In the heart of Hayes Valley, you’ll want to roam the neighborhood and explore all of its offerings, but sometimes, you’ll just want to stay in. Pure and purposeful design is the blank canvas on which you’ll compose your life. Stainless steel Bosch appliances, sleek countertops, modern cabinets, and hardwood floors bring daily delight in appreciating beautiful materials and thoughtful craftsmanship. The sales office is now open, and building completion is expected in March 2016.

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Live, work, and play at 72 Townsend in South Beach!

In the heart of San Francisco’s most vibrant neighborhood, 72 Townsend is a one-of-a-kind luxury mid-rise building consisting of 74 condominium and penthouse residences with professional-grade kitchens, well-appointed interiors and private outdoor living decks in select residences. Condo and penthouse residents will enjoy sweeping views of San Francisco and the bay, an on-site attendant, a private hospitality lounge and a dedicated, secured parking space per residence. 72 Townsend is complete with units available now!

 

See life in a new light at Lumina Condos!

Experience a collection of intelligent indulgences crafted for connoisseurs of refined urban living; flawless services, technologically advanced amenities, and a thoughtful attention to detail at every turn. Features include a bi-level club lounge, rooftop terrace, Jay Wright-designed fitness center, and a 70-foot lap pool. LUMINA has warm, modern interiors framed by floor-to-ceiling windows with majestic vistas of the City and the Bay. Move ins expected in late 2015 through late 2016.



As graceful and debonair as its Pacific Heights address, Rockwell is tailor-made for those with impeccable taste. Crisp, custom finishes. Specialized floor plans. Cinematic views. Every detail has been carefully considered to create a beautiful backdrop for your life in San Francisco. Centered around a gorgeous courtyard, the design weaves two 13-story glass and concrete towers into a pair of chiseled historical façades Including a fitness center, courtyard, sky lounge and sky terrace, Rockwell offers a new standard for stylish city living. Move ins starting in late 2016 to 2017 depending on home's location.

 

Stellar views and all the amenities at The Rockwell!

As graceful and debonair as its Pacific Heights address, Rockwell is tailor-made for those with impeccable taste. Crisp, custom finishes. Specialized floor plans. Cinematic views. Every detail has been carefully considered to create a beautiful backdrop for your life in San Francisco. Move ins starting in late 2016 to 2017 depending on home's location.

 Considering buying a home in new construction? Call me.

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