Items Tagged with 'San Francisco housing'

ARTICLES

  • San Francisco goes after “scofflaw” landlords who ran “illicit hotel chain” on Airbnb

    City fines property owners $2.25 million, prohibits them from renting until 2025
    The city of San Francisco, which has some of the strongest laws protecting against the spread of short-term rentals in multifamily buildings, is levying serious sanctions against a pair of landlords who knowingly and willingly ignored the city’s laws by running an “illicit hotel chain” of short-term rentals on Airbnb.
    Read More
  • San Francisco’s definition of low income is shocking

    HUD says households earning upward of 6 figures qualify for low-income housing
    You’re pulling in more than $100,000 a year to support your family of four, and you think you’re doing pretty well, right? Wrong. Not in San Francisco, you’re not. According to the latest report from the HUD, four-person households in the Bay Area that make less than $117,400 can qualify for certain low-income housing programs. That’s the highest in the nation.
    Read More
  • Monday Morning Cup Of Coffee: Mulvaney's CFPB losing interest in payday lenders?

    Are you surprised?
    Is Mick Mulvaney's CFPB easing up on payday lenders? The agency has dropped its case against one such lender and is mulling over dropping the cases of three more. Also, JPMorgan Chase predicts the turbulent market will calm down heading into the second quarter while S&P Global Ratings notes that falling housing profits over the last four quarters may be a side effect of fewer lenders easing credit standards.
    Read More
  • Monday Morning Cup of Coffee: LinkedIn invests $10m in Silicon Valley affordable housing

    The rent is too damn high!
    Every week, it seems like there’s another example of people (or companies) going to extremes to secure housing in the Bay Area. Earlier this year, Facebook and Google both announced plans to help build new, affordable housing in Silicon Valley. And now, LinkedIn is joining in too. All that, and more, in your Monday Morning Cup of Coffee.
    Read More
  • San Francisco’s largest landlord signs on with Airbnb

    Short-term rental site also inks deal with Pillow to aid with multi-family rentals
    Residents who rent an apartment from San Francisco’s biggest landlord may soon be able to rent out their apartment through Airbnb, thanks to an agreement between Airbnb, Veritas Investments, and Pillow, a San Francisco-based startup that helps apartment owners turn units into short-term rentals. Here are the details.
    Read More
  • Bay Area residents consider great exodus in response to rising home prices

    Median home price hits $804,000
    A recent report from the California Association of Realtors showed the state’s infamous housing situation isn’t getting any better, with the number of people that can afford the Golden State’s averaged-priced home dropping even lower. Now, these growing home prices sparked more than half of its residents to express their desire to leave the Bay Area.
    Read More
  • Low commission, tech-focused real estate company Reali closes $5 million funding round

    Plans expansion into entire San Francisco area
    Reali, a real estate company that offers lower commissions and a tech-focused experience for home buyers and sellers, announce that it plans to expand its operations throughout San Francisco after it closed on a $5 million round of funding. In addition to expanding in the San Francisco area, the company said that it will use the money to fund technological advancements, brand marketing, and market expansion.
    Read More
  • San Francisco home sales fall to lowest level since crisis

    Distressed property sales fall to 15-year low
    It’s still getting more expensive to buy a home in the San Francisco Bay Area, and those continually rising costs are depressing home sales in the area to levels not seen since the housing crisis. Here are more details on the Bay Area housing market, and a look at what the future holds.
    Read More
  • San Francisco supervisors to push for city and county to cut ties with Wells Fargo

    More fallout from fake account scandal
    The heat surrounding Wells Fargo right now is nowhere near cooling down, as it seems the bank can’t go one business day without another governmental entity moving to take business away from it in response to the bank’s fake account scandal. Now, two members of the legislative body that oversees the city where Wells Fargo is headquartered want the city to suspend any business with Wells Fargo as well.
    Read More