May's Must Reads
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.
April's Must Reads
Joe's "Must Reads" for April:
1) Rent is down in San Francisco, but not for long
San Francisco rents are becoming a bit more affordable
2) Millenials shying away from SF & NYC
A recent survey revealed that Millennials are increasingly staying away from New York City and San Francisco
3) Retail Hell: Bankruptcies are higher than during the Recession
Retail bankruptcies have spiked to levels that have surpassed even those in the Great Recession
4) The Limits of Rent Control: Are Rent Caps Really a Long-Term Solution
With rents heading upward in many cities in the U.S., municipalities have turned to rent control to contain skyrocketing rents
Joe's "Must Reads" for March
1) Tech workers scraping by on six figure salaries
2) Top Challenges Facing SF Apartments this year
With rents softening and construction costs skyrocketing, 2017 will be a tough year for multifamily.
3) Top Apartment Buy & Sell Markets for 2017
Many multifamily assets could change hands in California this year.
4) Tech Firms Can Make or Break SF Office Market This Year
With 3.4M SF of office space expected to deliver this year in San Francisco, there could be a bump in vacancy rates