Joe's "Must Reads" for May:
1) 6 Figure Salary Considered Low Income for Bay Area Families
The federal government came up with new numbers on what qualifies as low income in the Bay Area.
2) Employment in San Francisco Dropped in Q1
Employment in the city has dropped by 3,300 in the first quarter of the year versus gaining 6,900 in the first quarter of 2016
3) Ten-X: With Bay Area apartment rents headed for steep drop-off, investors should sell, report says
"We forecast San Jose and San Francisco to see some of the largest multifamily supply growth among major U.S. markets in the next four years, after controlling for existing market size," Matthew Schreck, a quantitative strategist for Ten-X
4) SF Biz Times: The Bay Area is the best market in the country for home sellers
“Even though San Francisco is a seller’s market, it has slowed down in the last few months with more price cuts occurring this year versus last year," Svenja Gudell, Zillow's chief economist, told the Business Times.