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San Francisco Real Estate Market Update: October 2018

October 09 2018
October 09 2018

SF Unicorn IPOs

  • Five San Francisco-based tech “unicorns” are planning on going public in 2019
  • Uber, AirBNB, Stripe, Pinterest, and Lyft
  • Once they have their IPOs, their employees will likely take their cash windfalls and purchase homes in and around San Francisco, driving sales prices even higher

The Beige Book

  • More strong economic news came from the Federal Reserve Bank’s September Beige Book economic report which shows continuing strong job and wage growth in the San Francisco region
  • It notes that the real estate market activity has continued to expand, in spite of higher interest rates, and the low inventory coupled with strong demand pushed prices and rents higher

Measure of CEO Confidence

  • The Conference Board’s Measure of CEO Confidence, which had slipped in the second quarter, declined again in the third quarter
  • This report is a window into planned capital spending, expansion and hiring, all of which can have a significant impact on jobs and hence home-purchasing demand
  • Yet it may not reflect the more bullish, expansionary tech sector dominating SanFrancisco’s economy

 

KWSF September 2018 Market Report pg2
KWSF September 2018 Market Report pg3
KWSF September 2018 Market Report pg4
KWSF September 2018 Market Report pg5
KWSF September 2018 Market Report pg6

 


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