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Southern/Central Marin County Real Estate Report October 2018

October 17 2018
October 17 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 San
Francisco’s economy

KW Marin Market Report September 2018 pg2
KW Marin Market Report September 2018 pg3
KW Marin Market Report September 2018 pg4
KW Marin Market Report September 2018 pg5

 

 

 

 


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