Federal Reserve Bank of San Francisco | Measuring Monetary Policy’s Effect on House Prices

From the San Francisco Federal Reserve's President Policy Letter from August 2015:  First, monetary policy actions have sizable and significant effects on house prices in advanced economies. That is, an increase in interest rates tends to lower real (inflation-adjusted) house prices. Second, this reduction in house prices comes at significant costs in terms of reductions [...]

S.F. Planning Commission backs 5th and Mission development – SFGate

After a raucous nine-hour hearing during which hundreds of members of the public weighed in and deputy sheriffs were called to remove protesters, the San Francisco Planning Commission voted to approve a massive mixed-use development at Fifth and Mission that will transform a 4-acre area with everything from towering luxury condos to low-income senior apartments, [...]

That’s a Lot of Goodwill: Sticker shock for city as Mid-Market project price rises to $327M — San Francisco Business Times

San Francisco could pay as much as $327 million for a 466,000-square-foot office development in the Mid-Market area, according to real estate news website SocketSite. The city had originally planned to pay $253 million to developer Related California for the project, which includes a 17-story building along 11 th Street between Mission and Market streets. [...]

Paramount Group will build 130-unit residential tower at 75 Howard next to the Embarcadero – San Francisco Business Times

After years of political and financial maneuvers that tinkered with heights and affordable housing schemes, New York-based Paramount Group got the green light to build one of San Francisco’s most contentious towers Thursday.The 75 Howard residential tower will include 130 high-priced units rising 220 feet on prime real estate next to the Embarcadero, replacing a [...]

September’s Full House of San Francisco Real Estate: Kevin’s Hatchbeat Column Plus

September is the time when San Francisco’s real estate market wakes up from its summer hibernation especially after Labor Day. Kevin Ho, Vanguard Properties and Jonathan McNarry of Vanguard Properties discuss how this September may be different from past ones for buyers and sellers of real estate.

Fed Minutes Show Caution in Discussion on Rates – The New York Times

WASHINGTON — Federal Reserve officials want to see more evidence the economy is in good health before they start to raise interest rates, according to an official account of the Fed’s most recent meeting, released on Wednesday. Officials at the July meeting of the Federal Open Market Committee expressed satisfaction with the improvement of labor [...]