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San Francisco plans tougher seismic building codes

BD+C

San Francisco has released its Tall Buildings Strategy that outlines plans for better seismic resiliency for high-rise buildings. A city building inventory shows that 156 buildings—either existing or under construction—are taller than 240 feet. One hundred of those were built prior to modern seismic code implementation.

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San Francisco Home Listings Outnumber Buyers

Pro Builder

San Francisco Home Listings Outnumber Buyers. As San Francisco workers flee the pricey city center and flood into surrounding areas, their condos, apartments, and homes are left to flood the market. cbroderick. Wed, 10/14/2020 - 09:06. Sales increased 30.2% Some neighborhoods have 10 months worth of condos.

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These Oversupplied Metros Could See Major Price Drops by Late 2024

Pro Builder

Formerly red-hot housing markets such as Seattle, Phoenix, San Francisco, and Austin, Texas, have seen substantial increases in inventory, and as a result, each metro is expected to see a double-digit price correction by late 2024. decline in home prices for 2023.

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Bay Area Tech Workers Flee to Lake Tahoe, Dramatically Reducing Housing Supply

Pro Builder

Lake Tahoe, a peaceful retreat on the edge of California and Nevada, has been swarmed with tech workers fleeing the dense, pricey San Francisco area. CNBC reports that Lake Tahoe area brokers are seeing an inventory shrinkage like no other, with only one-fifth to one-tenth of the usual listings available.

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A Record Share of U.S. Homes Are Worth $1 Million or More

Pro Builder

in February as a lack of inventory drives up sale prices. Nearly nine out of 10 properties in San Francisco and San Jose tallied price tags of $1 million or more at the start of 2022, but Anaheim, California saw the fastest price growth with a 55% share of $1 million homes, double its original total.

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Could the Fall Season Bring a Cooler Housing Market?

Pro Builder

August welcomed slower housing price growth and increase in inventory, prepping the cooler fall season for a cooler housing market. The largest drop-offs were in Buffalo, San Diego and San Francisco. . Available housing inventory continued its upward trajectory for the fourth straight month, rising 4.1% cbroderick.

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Monthly Housing Inventory Drop Improved Slightly in April

Pro Builder

Monthly Housing Inventory Drop Improved Slightly in April. Back in March, there were signs of a possible upturn in inventory for the month of April, yet housing inventory dipped 1.4% Back in March, there were signs of a possible upturn in inventory for the month of April, yet housing inventory dipped 1.4%