Lawyer Ken Kumayama and his spouse, Hiromi Kumayama, had been on a mission to lastly purchase a home within the San Francisco Bay Space. Serial renters in cities round San Francisco since 2010, they jumped into the market in earnest in 2022 however rapidly bought outbid on a number of houses, together with one in Atherton that was asking $5 million and in the end bought for $6.5 million, stated Mr. Kumayama, 44. Then over the summer season, the market turned of their favor.
Mr. Kumayama stated he and his spouse, 46, a homemaker, homed in on a virtually $5 million home in Los Altos, an prosperous metropolis between San Francisco and San Jose, that had been sitting available on the market for a couple of month. Understanding the sellers had already moved to Florida, Mr. Kumayama stated they supplied $4.58 million with no contingencies and closed in September 2022. “They accepted just about on the spot,” he stated.
Like different luxurious real-estate markets, the Bay Space skilled a pandemic housing growth that got here to an abrupt finish in 2022 as consumers and sellers reacted to excessive rates of interest and recession fears. Slumping tech shares, which depleted consumers’ internet value and buying energy, compounded the decline, together with layoffs at Silicon Valley tech giants comparable to
Salesforce Inc.
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and
Meta Platforms Inc.
However after a lull in gross sales, and regardless of persistent unease within the tech sector, native real-estate brokers stated opportunistic consumers are re-entering the market and seizing on costs which have been dragged again to prepandemic norms.
The Kumayamas paid $4.58 million for a home in Los Altos after the market softened.
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Andrea Arevalo for The Wall Road Journal
“We thought of giving up a few occasions throughout that 12 months,” Mr. Kumayama stated.
Andrea Arevalo for The Wall Road Journal
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Ken and Hiromi Kumayama and their daughter in the lounge.
Andrea Arevalo for The Wall Road Journal
The roughly 3,000-square-foot home has a chef’s kitchen.
Andrea Arevalo for The Wall Road Journal
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There are 4 bedrooms.
Andrea Arevalo for The Wall Road Journal
A view of the Kumayamas’ yard and pool.
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Andrea Arevalo for The Wall Road Journal
“It’s previous occasions, in lots of methods,” stated Gea Carr, a Coldwell Banker Realty agent in San Jose. Though she stated costs are down 30% since spring 2022, she in contrast the prior market euphoria to going to Las Vegas and profitable each hand. “It’s virtually prefer it’s leveled out,” she stated, “and we’re simply again to the place we began.”
Daryl Fairweather,
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chief economist at
Redfin,
stated the Bay Space’s exorbitant costs earlier than Covid made it notably weak to final 12 months’s market correction. “It’s arguably the weakest housing market within the nation,” she stated, noting that the rise of distant work made it doable for individuals to depart cities comparable to San Francisco, which has struggled with elevated crime and homelessness.
In January,
Goldman Sachs
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predicted the “overheated” housing market in San Jose—house to a focus of tech staff—might see house values drop greater than 25%. Nicholas French of Christie’s Worldwide Actual Property, who tracks the market, stated costs had ballooned over the course of a decade. “Whenever you get to a spot the place persons are free with cash, you already know you’re on the prime of a market and that’s the place we had been,” he stated.
Over the summer season and thru the tip of 2022, consumers and sellers appeared to be saying sufficient was sufficient.
In December, gross sales above $3 million within the Bay Space dropped 60% in contrast with December 2021, and gross sales above $5 million slid 69% year-over-year, in accordance with Compass. In San Francisco in 2022, there have been 15 gross sales above $10 million, down 46% from 2021, when there have been 28.
“Our housing market revolves across the Nasdaq and the tech corporations we’re house to,” stated Ryan Gowdy of The Company, who works in Los Altos. “Even should you haven’t misplaced your job, you already know somebody who has and it’s in your thoughts.” Mr. Gowdy stated one shopper, who works for Meta and was purchasing for a $6 million house, paused their search in November as tech shares slumped.
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In San Francisco’s Telegraph Hill, a newly constructed house is asking $12.995 million, down from $15.995 million.
Open Houses Pictures for Sotheby’s Worldwide Realty
The kitchen and eating space.
Open Houses Pictures for Sotheby’s Worldwide Realty
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The home has three bedrooms. There’s a deck off the first bed room.
Open Houses Pictures for Sotheby’s Worldwide Realty
A residing space.
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Open Houses Pictures for Sotheby’s Worldwide Realty
The rooftop deck.
Open Houses Pictures for Sotheby’s Worldwide Realty
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Dealing with uncertainty, sellers who had been unable or unwilling to attend out the decline dropped aspirational costs. As of January, the median house sale value in San Francisco County was $1.37 million, down from $1.63 million a 12 months prior, Compass information present, and pending gross sales had been down greater than 37% year-over-year. Median days on market in January 2023 was up greater than 58% from January 2022.
Mary Lou Castellanos of Sotheby’s Worldwide Realty, who listed a brand new three-bedroom home in San Francisco’s Telegraph Hill for $15.995 million in April, stated she dropped the value to $12.995 million in October. “Whenever you’re in a market shift, it’s onerous to throw a dart and get the suitable value,” Ms. Castellanos stated. “You must dance with the market.”
Dancing with the market, although, has generally resulted in leaving cash on the desk, or dropping earlier pandemic-era value good points.
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Marianna and Igor Naverniouk and their kids moved from the Bay Space to the Miami space.
Picture:
Luigi Modesti
In Los Altos, software program engineer Igor Naverniouk, 40, and his spouse, Marianna Naverniouk, 43, an government assistant, had been motivated sellers once they listed their four-bedroom house in July for just below $5 million. Mr. Naverniouk stated the couple, who paid almost $3.5 million for the property in 2016, determined to depart the Bay Space and rode the tech wave to the Miami space final 12 months, paying $1.5 million for a five-bedroom home in Southwest Ranches, a Miami suburb, sight unseen. Though Redfin and
Zillow
estimated the California home was value $5.5 million, it proved “too good to be true,” he stated, because the market was simply beginning to flip. Already residing in Florida, the Naverniouks bought the California home—to the Kumayamas—for $4.58 million.
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Andrea Adelmann additionally opted to promote her late dad and mom’ circa-1965 home in Los Altos this fall quite than see if costs would rebound. Ms. Adelmann, 58, founder and CFO of an unbiased nonprofit college in San Mateo, stated the roughly 4,000-square-foot house was appraised for $3.5 million when her father died in 2016. It was later appraised for $5.7 million when her mom died in April 2022. However the market cooled by October when Ms. Adelmann, who lives on the East Coast, was able to promote.
Andrea Adelmann listed her late dad and mom’ Bay Space house for $5.3 million in October.
Picture:
Matthew Anello of Bluskye Media
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The circa-1965 home measures about 4,000 sq. ft.
Picture:
Matthew Anello of Bluskye Media
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She stated her agent, Mr. Gowdy, suggested her to checklist for an quantity she can be proud of. She did—and the home bought for its asking value of $5.3 million in December. Ought to she have listed it sooner? “Shoulda, coulda, woulda,” Ms. Adelmann stated. Ultimately, she stated the value was “honest and affordable,” particularly contemplating her dad and mom paid $115,000 in 1970.
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Mr. Gowdy stated value cuts have stored the market shifting over the previous few months, as disciplined consumers who’re sitting on money wait to make their transfer. “The market isn’t shut down, the properties simply should be perceived as an excellent worth,” he stated.
That was the case with Sara Weinstein, 59, a former toy producers’ wholesale consultant, and her husband Frank Piacentini, 62, who works in asset administration, once they purchased a condominium in San Francisco’s Cow Hole in January for a 20% low cost off the asking value. The couple, who stay primarily in Portland, Ore., had been fascinated by shopping for for a couple of 12 months, with plans to ultimately cut up their time between the 2 cities, in accordance with Ms. Weinstein, a Bay Space native who stated she loves the vibrancy of town and wasn’t dissuaded by its social or financial woes.
Handel Architects
Handel Architects
Sara Weinstein and Frank Piacentini paid $6 million for a condominium within the Cow Hole neighborhood that was listed for $7.5 million. Handel Architects (2)
The couple noticed the roughly 2,300-square-foot unit in a brand new condominium constructing simply earlier than Thanksgiving and fell in love with its location and views of the Golden Gate Bridge. Asking $7.5 million, it was barely greater than they wished to spend, however Ms. Weinstein stated she knew the constructing had been accomplished in 2020 and thought they may be capable of negotiate. In January, they closed on the unit for $6 million. “I really feel like we bought in at a fortunate time,” Ms. Weinstein stated.
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Frank Nolan of Vanguard Properties, who represented Ms. Weinstein and Mr. Piacentini, stated he has different shoppers who suppose the market will flip round this 12 months. “Everybody desires to time the market proper,” he stated. “Individuals nonetheless want houses and we’re working with a restricted provide.”
In San Jose, Megan DeVivo of The Company stated she’s seen indicators of life available in the market in current weeks, with houses within the space again to promoting after only a few days available on the market. The common single-family house above $1 million spent six days available on the market in January, she stated, in contrast with 30 or 40 this fall. “I assumed it might be a gradual warm-up,” she stated, referring to the spring market. As a substitute, open homes are crowded and her listings are getting a number of gives.
In Russian Hill, a ten,800-square-foot home is asking $19.995 million. It final bought for $20 million in 2020.
Lunghi Studio
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There’s an workplace with a balcony.
Lunghi Studio
A dramatic spiral staircase.
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Lunghi Studio
There are 5 bedrooms, together with separate visitor quarters.
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“There’s a reshuffling,” itemizing agent Nina Hatvany of Compass stated.
Lunghi Studio
Nina Hatvany of Compass additionally stated she felt a flip swap in mid-January. Ms. Hatvany is at the moment advertising a roughly 10,800-square-foot home in Russian Hill for $19.995 million, just below the final buy value of $20 million in 2020. She stated she didn’t present the property as soon as between October and December. Because the begin of the 12 months, she’s acquired a number of inquiries, and open homes at her different listings have been busier than anticipated.
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“San Francisco suffers terribly from the press it’s acquired,” Ms. Hatvany stated. Though the autumn was “fairly unhealthy,” she stated, there appears to be pent-up demand and restricted stock. “There’s a reshuffling,” she stated. “Persons are getting new jobs. There’s discuss of AI being the brand new factor. I’m not saying it’s going to be great, however the slide appears to have stopped.”
In January, a 9,500-square-foot home in Presidio Heights that was as soon as asking $45 million went into contract for north of $30 million, individuals aware of the deal stated. The sellers are Mark Armenante and Younger Sohn, tech founders who paid $18 million for the home in 2014, data present. Itemizing agent Antoine Crumeyrolle of Compass stated that after a $5.5 million value reduce in November, the property acquired a number of bids.
“Regardless of lots of the pessimism that San Francisco goes by way of,” he stated, “there are lots of people that didn’t depart town.”
Following the deal, two different properties north of $30 million hit the market. In January, the Pacific Heights mansion of Michael and Xochi Birch, founders of The Battery social membership, was relisted for $35 million. In February, enterprise capitalist
Rajiv Ghatalia
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listed his 9,625-square-foot house close by for a similar quantity.
Karen Mendelsohn Gould of Compass stated rich consumers have a tendency to maneuver like a herd, and the burst of exercise indicators to her that extra exercise is coming. “Now issues are going to begin to pop,” she stated.
The Clemson Tigers suffered their first loss of the 2024-25 season the last time Brad Brownell’s team went out of state.
Despite a career-high 30 points from Chase Hunter, the Tigers fell 84-71 at Boise State in their first road trip of the season on Nov. 17. Clemson rebounded with a 79-51 win over Radford on Thursday behind Chauncey Wiggins’ game-high 16 points.
Next up for Clemson (4-1) is a quality mid-major opponent in the Sunshine Slam in Daytona Beach. The Tigers face the San Francisco Dons of the West Coast Conference. The Dons went 23-11 last season and were 11-5 in conference play, receiving an NIT bid and falling to the No. 2 seed Cincinnati Bearcats in a first-round game.
San Francisco (4-1) lost its first game of the season against Penny Hardway’s Memphis Tigers Thursday. According to ESPN’s Matchup Predictor, Clemson has a 63.4 percent chance of winning.
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The winner of Monday’s game will face the winner of Penn State vs. Fordham in the winner’s bracket Tuesday. The loser of Monday’s games will play in a “consolation game” Tuesday.
Here’s how to watch today’s Clemson game, including time, TV schedule and streaming information.
What channel is Clemson vs San Francisco on today? Time, TV schedule
TV Channel: CBS Sports Network
Start time: 6:30 p.m. ET
Clemson vs. San Francisco will broadcast nationally on CBS Sports Network from Ocean Center in Daytona Beach.
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Where to watch Clemson vs San Francisco on livestream
Streaming options for the game include FUBO and Paramount+.
For FUBO:
Watch Clemson vs San Francisco live on Fubo (free trial)
For Paramount+:
Watch Clemson vs San Francisco live on Paramount+
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Clemson vs San Francisco odds and spread
ODDS: Clemson -2
O/U: 144 1/5
All College Basketball Odds via BetMGM.
Clemson schedule 2024
Nov. 4: vs Charleston Southern (W, 91-64)
Nov. 8: vs St. Francis, PA (W, 88-62)
Nov. 12: vs Eastern Kentucky (W, 75-62)
Nov. 17: at Boise State (L, 84-71)
Nov. 21: Radford (W, 79-51)
Nov. 25: vs San Francisco (Daytona Beach, Fla.)
Nov. 26 vs Penn State/Fordham (Daytona Beach, Fla.)
Nov. 29 vs Florida A&M
Record: 4-1
San Francisco schedule 2024
Nov. 5: vs Cal Poly (W, 86-78)
Nov. 9 vs Boise State (W, 84-73)
Nov. 13 vs Long Beach State (W, 84-54)
Nov. 16 vs Chicago State (W, 82-37)
Nov. 21 at Memphis (L, 68-64)
Nov. 25: vs Clemson (Daytona Beach, Fla.)
Record: 4-1
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The writing seemed to be on the wall heading into the weekend for the San Francisco 49ers when Brock Purdy, Nick Bosa, and Charvarius Ward were ruled out due to injury. Then, Trent Williams was deemed inactive after a pregame warmup.
Well, Sunday went exactly how many expected and even worse to a degree, as the 49ers suffered their ugliest loss of the season in a 38-10 defeat to the Green Bay Packers, dropping to 5-6 on the season.
Offensively, the 49ers couldn’t establish any form of a run game, while their passing game struggled to generate many explosives and finish drives.
Defensively, San Francisco was out-physicaled and looked gassed from the jump, struggling to contain the run without Bosa, leading to the blowout defeat.
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Here are three quick takeaways from the 49ers 38-10 loss to the Packers on Sunday.
Establishing the run game
Coming into the game, with a key injury at quarterback and at left tackle, it was clear the 49ers weren’t going to muster enough offense without a consistent run game.
San Francisco had struggled to establish the run with Christian McCaffrey over the last two games, as the star rushed for just 3.7 yards per carry since returning from injury.
That didn’t improve on Sunday, as McCaffrey had just 31 yards on 11 carries, failing to muster any type of success on the day. In our three keys to win, I highlighted the need to give Jordan Mason more carries during a game where the 49ers absolutely needed an identity on the ground.
Mason got a 16-yard carry on his first touch on the first drive of the second half, but didn’t see much volume outside of that, with San Francisco relying more on their passing game after falling into a deficit early.
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The 49ers just looked flat, so an extra boost of physicality from Mason could’ve helped. Instead, they rode McCaffrey hard again, who struggled on the ground, while fumbling the ball on his longest catch of the day.
Defensively, San Francisco allowed Green Bay to run the ball 42 times, gaining 169 yards and three touchdowns on the ground. Starter Josh Jacobs led the way with 106 yards and all three scores, powering through inside the red zone for a number of touchdowns.
The passing game was inconsistent for Green Bay, as Jordan Love completed just 13/23 passes for 163 yards. But, a strong rushing attack led the way en route to 38 points.
Big swing
One of the 49ers’ biggest chances in this game came to open up the second half. San Francisco had an abominable start, going three-and-out on consecutive possessions, while giving up scores on all three of Green Bay’s opening drives.
Down 17-7, the 49ers had a big chance to cut the game to a one-score lead, but opportunities were missed, as has been the case for much of the year.
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Facing a 1st & 10 at the Green Bay 47-yard line, Brandon Allen had a deep ball to Jauan Jennings behind him, missing the open wideout who could’ve corraled the pass but wasn’t able to. Then, on 4th & 2, Allen had happy feet and was late dishing out an out-route, killing the drive.
After having a chance to pull within one score, the 49ers missed out, giving Green Bay a chance to improve their lead. But, the defense forced a quick three-and-out, giving San Francisco a chance to get within one score once again.
Well, as they did on the opening drive, San Francisco moved the ball, getting from their 10-yard line to the Green Bay 45-yard line. But, disaster struck again, as Brandon Allen had a pass intercepted off a dart to Deebo Samuel, which went through his hands and into those of Xavier McKinney.
Green Bay wouldn’t let that opportunity pass, as they swiftly put together a three-play, 26-yard touchdown drive to go up 24-7, never looking back from there.
In a game where so much was already going against them, the 49ers had a big chance to begin the second half. But, as they’ve done for much of the season, San Francisco was unable to capitalize.
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Outlook of the stars
Coming into the season, it seemed like the 49ers were going to rely on their stars more than expected with the roster getting older and younger talent slowly getting integrated into the roster.
Well, 11 games through, San Francisco is 5-6 and their stars are a big reason for that.
Offensively, it starts at the top with Brock Purdy. The quarterback has been a positive for the season as he has utilized his legs more often, while overcoming other deficiencies. But, the question is: has he looked like a $60 million dollar quarterback?
Running back Christian McCaffrey missed the entire first half of the year as he rehabbed Achilles tendonitis, leaving San Francisco in a hole with arguably their best skill position player shelved. Brandon Aiyuk suffered a torn ACL early in the season, forcing rookies into action sooner rather than later at the receiver position. Then, Trent Williams started dealing with ankle issues, limiting his play and forcing him to miss a game.
Defensively, Nick Bosa has recently dealt with an oblique and hip issue, missing this past week. Javon Hargrave was ruled out early in the season with a triceps injury. Charvarius Ward has missed time. Fred Warner has not looked the same as his Defensive Player of the Year-level start. Talanoa Hufanga has also been out of the lineup for much of the year.
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That has led to a talent depreciation on both sides of the ball, with certain players feeling like they’ve regressed, while the passion and fight in this team feel different than years past.
With the top players looking as they have over the first 11 games of the year, it’s questionable to see how this team can truly turn things around.
The San Francisco Giants need more pitching and seem to want to trade one of their sluggers — and they may be able to accomplish two tasks with one move.
With Buster Posey seemingly wanting to move on from LaMonte Wade Jr. while he still holds a bit of trade value, he will need to consider what they to get back in return.
One team that could be desperate to bring Wade in is the Houston Astros, long plagued by poor play at the plate from their first basemen. While most of their pitchers were injured last season, they do have a slight surplus of starting caliber players on their roster. They might just be the perfect trade partner.
A potential deal between the two squads could see the Giants ship Wade off to the Astros in exchange for right-handed starter J.P. France and pitching prospect Jackson Nezuh.
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France is an interesting case, and would certainly be a risk, but does have the potential to be an impactful arm in the backend for the rotation.
He is a long way from someone that could replace Blake Snell, but could be an interesting innings eating starter or long-reliever depending on how he comes back from injury.
That is something that San Francisco wished they had last year during their flurry of pitching injuries.
The Houston righty struggled last year, but it was just a small sample size of five starts. The Giants would need him to find a way back to his surprisingly solid rookie campaign.
In 2023, he made 24 appearances (23 starts) and finished with a 3.83 ERA across 136.1 innings pitched.
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France has a great breaking balls that helped him soar in the minor leagues. HIs changeup is especially effective.
Given that he is coming off of a shoulder injury, though, the Astros could need to add a mid-tier prospect as a bit of insurance.
Nezuh was a 14th-round selection in the 2023 MLB draft out of the Louisiana-Lafayette Ragin’ Cajuns.
He has always been more of potential guy than actual results, but he had a great first year in the Houston farm system. He had a 3.89 ERA with 11.3 K/9 across Single and High-A.
Wade was red-hot to start last season, but fell off hard. As he enters the final year of his career, Posey could be looking to maximize his trade value and help the roster out in a bigger spot of need.
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