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		<title>Basic musical “Mary Poppins” drops into Detroit Opera Home – The Information Herald</title>
		<link>https://dailysanfranciscobaynews.com/basic-musical-mary-poppins-drops-into-detroit-opera-home-the-information-herald-2/</link>
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		<dc:creator><![CDATA[Daily SF News]]></dc:creator>
		<pubDate>Mon, 29 Apr 2024 02:39:59 +0000</pubDate>
				<category><![CDATA[Chimney Sweep]]></category>
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		<guid isPermaLink="false">https://dailysanfranciscobaynews.com/?p=52607</guid>

					<description><![CDATA[<p>TV&#39;s &#8220;Supernanny&#8221; may correct bad behavior, but only a nanny adds magical powers and flying with an umbrella to her repertoire. The musical “Mary Poppins” opened yesterday at the Detroit Opera House and promises to delight children and adults alike through January 2nd. Directed by producer Cameron Mackintosh, the Disney musical is based on the &#8230;</p>
<p>The post <a href="https://dailysanfranciscobaynews.com/basic-musical-mary-poppins-drops-into-detroit-opera-home-the-information-herald-2/">Basic musical “Mary Poppins” drops into Detroit Opera Home – The Information Herald</a> appeared first on <a href="https://dailysanfranciscobaynews.com">DAILY SAN FRANCISCO BAY NEWS</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p></p>
<p>TV&#39;s &#8220;Supernanny&#8221; may correct bad behavior, but only a nanny adds magical powers and flying with an umbrella to her repertoire.</p>
<p>The musical “Mary Poppins” opened yesterday at the Detroit Opera House and promises to delight children and adults alike through January 2nd.</p>
<p>Directed by producer Cameron Mackintosh, the Disney musical is based on the fantasy book series by PL Travers and the 1964 film starring Julie Andrews and Dick Van Dyke.</p>
<p>The popular childhood story follows a magical nanny who works for the hapless family of a cold banker and features popular songs such as &#8220;A Spoonful of Sugar,&#8221; &#8220;Chim Chim Cher-ee,&#8221; &#8220;Step in Time&#8221; and &#8220;Supercalifraglisticexpialidocious.&#8221;</p>
<p>New songs by Olivier Award winners George Stiles and Anthony Drewe also grace the stage production.</p>
<p>The show premiered in London&#39;s West End in 2004, with a Broadway counterpart premiering two years later.</p>
<p>It received seven Tony Award nominations, including Best Musical and Best Set Design.</p>
<p>A national tour began in Chicago in March 2009.</p>
<p>Nicolas Dromard takes on the role of chimney sweep Bert after spending the last 1 1/2 years as Fiyero in the San Francisco production of “Wicked.”</p>
<p>His enthusiasm for the plum part was evident during a recent telephone interview at a tour stop in Des Moines, Iowa.</p>
<p>“It’s such an incredible show,” Dromard said.  “Of all the shows I have done, this is my favorite.  I love performing it every night.”</p>
<p>He believes the timeless message speaks to everyone and still resonates today.</p>
<p>“Kids connect with the Disney magic and adults connect because they remember the movie,” he said.</p>
<p>&#8220;The story about the father trying to reconnect with his children and the mother feeling like she&#39;s lost her purpose &#8211; that&#39;s very timely, even though it&#39;s set in the early 20th century.&#8221;</p>
<p>The national tour is not Dromard&#39;s first foray into the role.</p>
<p>He was part of the original Broadway cast and understudy Bert before taking over the role of Gavin Lee.</p>
<p>While he realizes his performance will inevitably draw comparisons to Van Dyke&#39;s iconic performance, he&#39;s not worried about whether he can keep up.</p>
<p>“How great to have such a role model,” he said of the star.  “I don’t try to copy anything he does, but rather put my own spin on it while staying true to the character.”</p>
<p>Born in Ottawa, Dromard began dancing at the age of six after being inspired by a film starring Fred Astaire and Ginger Rogers.</p>
<p>He studied music at De La Salle High School, a performing arts school in Ottawa, and participated in community theater and dance competitions in Canada and the United States.</p>
<p>After high school, he planned to study music in college, but while in New York City to compete in a dance competition finals, he auditioned for and booked &#8220;The Radio City Christmas Spectacular&#8221; in Branson, Missouri.</p>
<p>From there, his theater opportunities grew &#8211; &#8220;West Side Story&#8221; at the Stratford Festival in Canada, the North American premiere of &#8220;Mamma Mia,&#8221; &#8220;Oklahoma!&#8221; and &#8220;The Boy From Oz&#8221; on Broadway, &#8220;Hairspray&#8221; in Toronto, the first national Tour of “Wicked” and “Mary Poppins” on Broadway.</p>
<p>Dromard puts his talents to work in the role of the lovable Cockney Bert, taking the lead role in several songs, acting as narrator and dancing up a storm in the peppy number &#8220;Step in Time.&#8221;</p>
<p>“That’s my favorite number,” he said.  “I get to knock upside down – how could you not like that?”</p>
<p>According to Dromard, new melodies, including Mary&#39;s introductory piece &#8220;Practically Perfect&#8221;, fit perfectly with the original numbers and flesh out the stories of the main characters.</p>
<p>&#8220;It&#39;s a perfect mix of favorite songs from the film and Travers&#39; book and new songs that fit together so perfectly you&#39;d think the entire score was written at the same time,&#8221; he said.</p>
<p>Bob Crowley&#39;s bizarre stage design provides a much-vaunted backdrop for the stage action.</p>
<p>“The tour set is incredible,” Dromard said.  “We have a house that is more like a dollhouse or a pop-up book.</p>
<p>“It starts closed, then at the end of the show I come out and do a little intro and it comes to life.</p>
<p>“It is visually beautiful and amazes the mind.”</p>
<p>The magical world of “Mary Poppins” unfolds at the Detroit Opera House through January 2nd.</p>
<p>Tickets, starting at $25, are available at the Fisher Box Office, Ticketmaster locations, www.broadwayindetroit.com and by calling 1-800-982-2787.</p>
<p>The post <a href="https://dailysanfranciscobaynews.com/basic-musical-mary-poppins-drops-into-detroit-opera-home-the-information-herald-2/">Basic musical “Mary Poppins” drops into Detroit Opera Home – The Information Herald</a> appeared first on <a href="https://dailysanfranciscobaynews.com">DAILY SAN FRANCISCO BAY NEWS</a>.</p>
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		<title>Basic musical “Mary Poppins” drops into Detroit Opera Home – The Information Herald</title>
		<link>https://dailysanfranciscobaynews.com/basic-musical-mary-poppins-drops-into-detroit-opera-home-the-information-herald/</link>
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		<dc:creator><![CDATA[Daily SF News]]></dc:creator>
		<pubDate>Mon, 19 Feb 2024 04:58:45 +0000</pubDate>
				<category><![CDATA[Chimney Sweep]]></category>
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		<guid isPermaLink="false">https://dailysanfranciscobaynews.com/?p=42033</guid>

					<description><![CDATA[<p>Nicolas Dromard has some high-flying fun as Bert the chimney sweep in “Mary Poppins” the musical on stage through Jan. 2 at the Detroit Opera House. Photo by Joan Marcus TV’s “Supernanny” may reform bad behavior, but only one nanny adds magical powers and flying via umbrella to her repertoire. “Mary Poppins” the musical descended &#8230;</p>
<p>The post <a href="https://dailysanfranciscobaynews.com/basic-musical-mary-poppins-drops-into-detroit-opera-home-the-information-herald/">Basic musical “Mary Poppins” drops into Detroit Opera Home – The Information Herald</a> appeared first on <a href="https://dailysanfranciscobaynews.com">DAILY SAN FRANCISCO BAY NEWS</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p></p>
<p>
					Nicolas Dromard has some high-flying fun as Bert the chimney sweep in “Mary Poppins” the musical on stage through Jan. 2 at the Detroit Opera House. Photo by Joan Marcus
				</p>
<p>TV’s “Supernanny” may reform bad behavior, but only one nanny adds magical powers and flying via umbrella to her repertoire.</p>
<p>“Mary Poppins” the musical descended yesterday at the Detroit Opera House and promises to thrill children and adults alike through Jan. 2.</p>
<p>The Disney musical helmed by producer Cameron Mackintosh is based on P.L. Travers’s fantasy book series and the 1964 film starring Julie Andrews and Dick Van Dyke.</p>
<p>The beloved childhood tale follows a magical nanny who comes to work for a cold banker’s unhappy family and features beloved songs including, “A Spoonful of Sugar,” “Chim Chim Cher-ee,” “Step in Time” and “Supercalifraglisticexpialidocious.”</p>
<p>New songs from Olivier Award winners George Stiles and Anthony Drewe also grace the stage production.</p>
<p>The show opened in London’s West End in 2004, with a Broadway counterpart debuting two years later.</p>
<p>It received seven Tony Award nominations, including Best Musical, winning for Best Scenic Design.</p>
<p>A national tour launched in Chicago in March 2009.</p>
<p>Nicolas Dromard takes on the toe-tapping role of Bert, the chimney sweep, after spending the last 1 1/2 years as Fiyero in the San Francisco production of “Wicked.”</p>
<p>His excitement about the plum part was evident during a recent phone interview from a tour stop in Des Moines, Iowa.</p>
<p>“It’s such an incredible show,” Dromard said. “Of all the shows I’ve done, this is my favorite. I adore performing it every night.”</p>
<p>The timeless message appeals to everyone, he believes, and resonates even today.</p>
<p>“Kids connect with the Disney magic and adults because they remember the movie,” he said.</p>
<p>“The story about the father trying to reconnect with his children and the mother feeling she’s lost her purpose – that’s very current even though it’s set in the early 1900s.”</p>
<p>The national tour isn’t Dromard’s first foray into the role.</p>
<p>He was part of the original Broadway ensemble cast and understudied Bert before taking over for Gavin Lee.</p>
<p>While he realizes his performance inevitably draws comparisons to Van Dyke’s iconic turn, he isn’t worried about measuring up.</p>
<p>“How great to have a role model like that,” he said of the star. “I don’t try to copy anything he does, but put my little spin on it while being true to the character.”</p>
<p>Born in Ottawa, Dromard began dancing at age 6 after being inspired by a Fred Astaire and Ginger Rogers movie.</p>
<p>He studied music at De La Salle High School, a performing arts school in Ottawa, and did community theater as well as dance competitions across Canada and the United States.</p>
<p>After high school, he planned to study music in college, but while in New York City for a dance competition final, auditioned and booked “The Radio City Christmas Spectacular” in Branson, Mo.</p>
<p>His theater opportunities grew from there – “West Side Story” at the Stratford Festival in Canada, the North American premiere cast of “Mamma Mia,” “Oklahoma!” and “The Boy From Oz” on Broadway, “Hairspray” in Toronto, the first national tour of “Wicked,” and “Mary Poppins” on Broadway.</p>
<p>Dromard puts his talents to good use as the lovable cockney Bert, taking lead on several songs, acting as narrator and dancing up a storm in the tap-heavy number, “Step in Time.”</p>
<p>“That’s my favorite number,” he said. “I get to tap upside down – how could you not love that?”</p>
<p>New tunes, including Mary’s introduction piece, “Practically Perfect,” fit in flawlessly with the original numbers, according to Dromard, and flesh out the main characters’ stories.</p>
<p>“It’s a perfect blend of favorite songs from the movie and Travers’s book and new songs that fit in so perfectly you’d think the whole score was written at the same time,” he said.</p>
<p>Bob Crowley’s whimsical set provides a much-ballyhooed backdrop for the onstage action.</p>
<p>“The tour set is incredible,” Dromard said. “We have a house that’s more like a dollhouse or a pop-up book.</p>
<p>“It starts off closed, then at the top of the show, I come out and do a little intro and it pops into life.</p>
<p>“It’s visually beautiful and boggles the mind.”</p>
<p>The magical world of “Mary Poppins” unfolds at the Detroit Opera House through Jan. 2.</p>
<p>Tickets starting at $25 are on sale at the Fisher box office, Ticketmaster locations, www.broadwayindetroit.com and by phone at 1-800-982-2787.</p>
<p>The post <a href="https://dailysanfranciscobaynews.com/basic-musical-mary-poppins-drops-into-detroit-opera-home-the-information-herald/">Basic musical “Mary Poppins” drops into Detroit Opera Home – The Information Herald</a> appeared first on <a href="https://dailysanfranciscobaynews.com">DAILY SAN FRANCISCO BAY NEWS</a>.</p>
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		<title>Dodgers&#8217; persevering with droop drops them to 3rd place in NL West</title>
		<link>https://dailysanfranciscobaynews.com/dodgers-persevering-with-droop-drops-them-to-3rd-place-in-nl-west/</link>
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		<dc:creator><![CDATA[Daily SF News]]></dc:creator>
		<pubDate>Sun, 29 Oct 2023 03:03:04 +0000</pubDate>
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		<guid isPermaLink="false">https://dailysanfranciscobaynews.com/?p=39190</guid>

					<description><![CDATA[<p>Dodgers catcher Will Smith reaches for a throw as the Giants&#8217; Luis Matos scores in the sixth inning Sunday at Dodger Stadium. The Dodgers lost 7-3 and suffered a three-game sweep. (Ashley Landis / Associated Press) The Dodgers are officially a third-place team. And unless they snap out of what has now become a month-long &#8230;</p>
<p>The post <a href="https://dailysanfranciscobaynews.com/dodgers-persevering-with-droop-drops-them-to-3rd-place-in-nl-west/">Dodgers&#8217; persevering with droop drops them to 3rd place in NL West</a> appeared first on <a href="https://dailysanfranciscobaynews.com">DAILY SAN FRANCISCO BAY NEWS</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Dodgers catcher Will Smith reaches for a throw as the Giants&#8217; Luis Matos scores in the sixth inning Sunday at Dodger Stadium. The Dodgers lost 7-3 and suffered a three-game sweep. <span class="copyright">(Ashley Landis / Associated Press)</span></p>
<p>The Dodgers are officially a third-place team.</p>
<p>And unless they snap out of what has now become a month-long funk, their slide down the standings might only be beginning.</p>
<p>With a 7-3 loss to the San Francisco Giants on Sunday at Dodger Stadium, the Dodgers not only fell behind their cross-state foes in the National League West but also suffered their first home sweep in the rivalry since August 2012 — the last season the Dodgers failed to make the postseason.</p>
<p>Read more: Honeymoon over: Bobby Miller struggles in Dodgers&#8217; blowout loss to Giants</p>
<p>For now, this year’s squad is still safe in the wild-card race, holding a one-game edge over the Philadelphia Phillies for the NL’s last playoff spot. But with 18 losses in their last 30 games, the Dodgers (39-33) are four games out in the division, only 3½ games clear of the fourth-place San Diego Padres, and headed squarely in the wrong direction ahead of series against the Angels and Houston Astros this week.</p>
<p>“It’s not the ideal situation right now,” first baseman Freddie Freeman said. “Every day, we come in with the right attitude, right mindset. And by the end of the day, it’s another loss.”</p>
<p>Starting pitcher Tony Gonsolin was the biggest culprit Sunday.</p>
<p>After beginning the game with three perfect innings, the right-hander faltered in the fourth (giving up two runs on a walk, hit batter, sacrifice fly and RBI single), the fifth (a run on an RBI groundout after giving up two hits) and the sixth (charged with four runs in an inning in which he managed only two outs).</p>
<p>&#8220;My execution really just suffered after that third inning,” Gonsolin (4-2) said. “Balls left up in the zone. They got some soft hits that kind of just fell down and some hard hits that helped. Overall, the execution really just wasn&#8217;t there.&#8221;</p>
<p><img decoding="async" class="caas-img caas-lazy has-preview" alt="Dodgers pitcher Tony Gonsolin throws during the first inning against the San Francisco Giants on Sunday at Dodger Stadium." src="https://s.yimg.com/ny/api/res/1.2/y_JZNOpqEQOulwBe4Zebcg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--/https://media.zenfs.com/en/la_times_articles_853/8e48127ab3017de884234325c7483dce"/></p>
<p>Dodgers starter Tony Gonsolin pitches in the first inning against the Giants on Sunday. Gonsolin gave up a career-high seven runs in 5 2/3 innings. <span class="copyright">(Ashley Landis / Associated Press)</span></p>
<p>The seven runs Gonsolin yielded marked a career high. His three walks were a continuation of his season- and career-long issues of being “too fine” with his command in critical moments. And though his 2.92 ERA is still the best on the Dodgers&#8217; rotation, his inefficient performances have underwhelmed compared with his All-Star breakout last season.</p>
<p>Story continues</p>
<p>“Today was probably the first day I saw that, as he got up a little bit in the pitch count, the stuff wasn&#8217;t as sharp,” manager Dave Roberts said.</p>
<p>Roberts cited several other issues that hampered the Dodgers on Sunday.</p>
<p>In the fourth inning, left fielder David Peralta made the wrong decision on a throw back into the infield, allowing a runner at first base to advance to second on a tag, setting up an RBI single in the next at-bat.</p>
<p>In the fifth, both Peralta and Freeman misplayed balls hit to them, leading to another Giants run moments after the Dodgers had cut San Francisco&#8217;s lead in half.</p>
<p>Then, when given one last lifeline in a bases-loaded situation in the ninth, the Dodgers came up empty aside from a run-scoring hit-by-pitch, finishing the day two for 13 with runners in scoring position and stranding 11 on base.</p>
<p>“When you’re not winning games, things get magnified,” Roberts said. “I think if you look back at this two-week stretch, there’s a lot of things we’re just not doing well. We’re not playing clean baseball, fundamental baseball. It goes back to, not just trying to win, but focusing on the little things.”</p>
<p>Freeman downplayed the suggestion the Dodgers might be pressing. He said the team hasn’t reached the point of panic either, even though the club hasn’t been in third place this late into a season since 2018.</p>
<p>“It’s one of these trying points to the season where you gotta grind and keep coming every single day,” he said. “Show up and expect to win. That’s the thing. Our team is way too good to keep going like this and go through this stretch. … We know we’re better than this.”</p>
<p>That’s what the Dodgers are continuing to believe, anyway.</p>
<p>Read more: Emmet Sheehan&#8217;s dazzling debut thwarted by Dodgers&#8217; bullpen in loss to Giants</p>
<p>But the longer their losing skid extends, and the further down the standings they drift, the harder it will be for them to explain away their struggles. To keep calm in the midst of an increasingly spiraling season. To maintain confidence in a turnaround they still seem to believe is an inevitability.</p>
<p>“I can’t tell you a specific answer of why this is happening,” Freeman said. “It’s just, we need to stop it and play better. That’s pretty much it. I know you want a specific thing to say. There isn’t. It’s just, we got beat at home, swept three games, and Tuesday we need to start playing better.”</p>
<p>This story originally appeared in Los Angeles Times.</p>
<p>The post <a href="https://dailysanfranciscobaynews.com/dodgers-persevering-with-droop-drops-them-to-3rd-place-in-nl-west/">Dodgers&#8217; persevering with droop drops them to 3rd place in NL West</a> appeared first on <a href="https://dailysanfranciscobaynews.com">DAILY SAN FRANCISCO BAY NEWS</a>.</p>
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		<title>ASX drops after sizzling US CPI; Atlassian to purchase US Loom for $1.5b; Pact board say reject billionaire Geminder’s buyout</title>
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		<dc:creator><![CDATA[Daily SF News]]></dc:creator>
		<pubDate>Fri, 13 Oct 2023 00:41:40 +0000</pubDate>
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					<description><![CDATA[<p>Australian share opened in line with losses on Wall Street, after the latest US inflation data renewed bets that the Federal Reserve is not yet done lifting interest rates. The S&#38;P/ASX 200 dropped 50 points, or 0.7 per cent at open, to 7040.6. The All Ordinaries was also down 0.7 per cent. Rate sensitive companies &#8230;</p>
<p>The post <a href="https://dailysanfranciscobaynews.com/asx-drops-after-sizzling-us-cpi-atlassian-to-purchase-us-loom-for-1-5b-pact-board-say-reject-billionaire-geminders-buyout/">ASX drops after sizzling US CPI; Atlassian to purchase US Loom for $1.5b; Pact board say reject billionaire Geminder’s buyout</a> appeared first on <a href="https://dailysanfranciscobaynews.com">DAILY SAN FRANCISCO BAY NEWS</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p></p>
<p>Australian share opened in line with losses on Wall Street, after the latest US inflation data renewed bets that the Federal Reserve is not yet done lifting interest rates.</p>
<p>The S&amp;P/ASX 200 dropped 50 points, or 0.7 per cent at open, to 7040.6. The All Ordinaries was also down 0.7 per cent.</p>
<p>Rate sensitive companies were sold off with real estate the worst performing of the 11 sectors to be down 1.5 per cent. Utilities stocks were the only group to move higher in early trade to be up 0.3 per cent.</p>
<p>Meanwhile, the local currency plunged 1.6 per cent overnight below US64¢ and is trading at around US63.13¢ with the US dollar set to post its best session in five weeks. Looking ahead, CPI and PPI from China will be released just after midday.</p>
<h2>What happened overnight</h2>
<p>The US sharemarket turned lower, with the S&amp;P 500 down 0.6 per cent, after US core consumer prices, which exclude food and energy, rose 0.3 per cent last month. Headline prices were 0.4 per cent higher. Both metrics were forecast to rise 0.3 per cent.</p>
<p>The year-on-year growth rate held at 3.7 per cent, whereas economists had forecast a drop to 3.6 per cent.</p>
<p>“I think the [Fed’s policy committee] would look at this and still conclude that underlying inflationary pressures remain too hot for their liking,” Scotiabank’s Derek Holt said.</p>
<p>The yield on the US 10-year note surged 13 basis points to 4.69 per cent at 4.30pm in New York. The two-year yield, more sensitive to rate moves, reached 5.07 per cent, and the 30-year yield was at 4.86 per cent.</p>
<h2>Stocks on the move</h2>
<p> Pact Group fell 1.4 per cent after billionaire Raphael Geminder’s plan to take his struggling packaging company off the ASX hit a major speed bump. Shareholders being urged to reject the deal following an independent review.</p>
<p><strong>ResMed</strong> is trading 2.4 per cent lower and near its 52-week low following a note from brokers at RBC, which that downgraded stock to perform from outperform.</p>
<p><strong>Bega Cheese</strong> is up 1.6 per cent after analysts at Bell Potter upgraded the foods business to a buy rating.</p>
<p><strong>Perpetual</strong> is up 1.4 per cent after its assets under management held steady in the September quarter, in a sign flows may be stabilising for the struggling funds management firm.</p>
<p>Harvey Norman shares, which trade ex-dividend as of today, are down 3.9 per cent.</p>
<p>Fletcher Building will brief investors and analysts later today to provide an update on its Western Australian <a class="wpil_keyword_link" href="https://dailysanfranciscobaynews.com/bay-spaces-150-yr-outdated-water-pipe-drawback-nbc-bay-space/"   title="plumbing" data-wpil-keyword-link="linked">plumbing</a> issues. Shares remain in a trading halt and last traded at $4.45</p>
<p>Read Before the Bell here.</p>
<p>The post <a href="https://dailysanfranciscobaynews.com/asx-drops-after-sizzling-us-cpi-atlassian-to-purchase-us-loom-for-1-5b-pact-board-say-reject-billionaire-geminders-buyout/">ASX drops after sizzling US CPI; Atlassian to purchase US Loom for $1.5b; Pact board say reject billionaire Geminder’s buyout</a> appeared first on <a href="https://dailysanfranciscobaynews.com">DAILY SAN FRANCISCO BAY NEWS</a>.</p>
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		<title>San Francisco proprietor drops robust trace on Gabe Kapler-Farhan Zaidi duo&#8217;s future</title>
		<link>https://dailysanfranciscobaynews.com/san-francisco-proprietor-drops-robust-trace-on-gabe-kapler-farhan-zaidi-duos-future/</link>
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		<dc:creator><![CDATA[Daily SF News]]></dc:creator>
		<pubDate>Fri, 15 Sep 2023 05:17:19 +0000</pubDate>
				<category><![CDATA[Moving]]></category>
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		<guid isPermaLink="false">https://dailysanfranciscobaynews.com/?p=36906</guid>

					<description><![CDATA[<p>San Francisco Giants owner Greg Johnson wants to keep the Gabe Kapler-Farhan Zaidi duo intact for the foreseeable future. Johnson made good on his promise last month to keep Kapler and Zaidi in the Bay Area. The Giants owner is standing behind Zaidi after his opt-out clause expired several months ago, per the San Francisco &#8230;</p>
<p>The post <a href="https://dailysanfranciscobaynews.com/san-francisco-proprietor-drops-robust-trace-on-gabe-kapler-farhan-zaidi-duos-future/">San Francisco proprietor drops robust trace on Gabe Kapler-Farhan Zaidi duo&#8217;s future</a> appeared first on <a href="https://dailysanfranciscobaynews.com">DAILY SAN FRANCISCO BAY NEWS</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p></p>
<p>San Francisco Giants owner Greg Johnson wants to keep the Gabe Kapler-Farhan Zaidi duo intact for the foreseeable future.</p>
<p>Johnson made good on his promise last month to keep Kapler and Zaidi in the Bay Area. The Giants owner is standing behind Zaidi after his opt-out clause expired several months ago, per the San Francisco Chronicle&#8217;s Susan Slusser.</p>
<p>On the other hand, Gabe Kapler&#8217;s tenure as Giants manager became tenuous during the team&#8217;s recent six-game slide. Greg Johnson brushed off the rumors and also stood behind Kapler. The former emphasized both Kapler and Zaidi will be around for the 2024 MLB season.</p>
<p lang="en" dir="ltr">San Francisco Giants owner Greg Johnson reiterated what he’d told the Chronicle last month: President of baseball operations Farhan Zaidi and manager Gabe Kapler aren’t going anywhere. https://t.co/HJcte3jom4</p>
<p>— San Francisco Chronicle (@sfchronicle) September 15, 2023</p>
<p>The Giants (75-71) are currently second behind the NL West-leading Los Angeles Dodgers. San Francisco is fighting for a slot in the best-of-three Wild Card series in the posttseason.</p>
<p>Despite the Giants&#8217; up-and-down season, Johnson feels Kapler is still his manager moving forward.</p>
<p>“Gabe&#8217;s done a great job navigating us through some challenges this season. We rank third in MLB in playing time allocated to rookies, and Gabe and his staff continue to do outstanding work supporting and developing those young players,” Greg Johnson said.</p>
<p>For his part, Farhan Zaidi confirmed San Francisco was in hot pursuit of New York Yankees slugger Aaron Juge in the offseason. Although the Giants missed out on signing Judge and Carlos Correa, Kapler felt San Francisco&#8217;s opening day roster was formidable. Unfortunately, it hasn&#8217;t turned out that way. The Giants had an 81-81 win-loss record in 2022 and they&#8217;re teetering on the brink of mediocrity again.</p>
<p>To make matters worse, the Giants are currently 13.5 games behind their long-time nemesis, the Dodgers. With Zaidi and Kapler coming back, the Giants hope to make significant progress in the 2024 MLB season.</p>
<p>The post <a href="https://dailysanfranciscobaynews.com/san-francisco-proprietor-drops-robust-trace-on-gabe-kapler-farhan-zaidi-duos-future/">San Francisco proprietor drops robust trace on Gabe Kapler-Farhan Zaidi duo&#8217;s future</a> appeared first on <a href="https://dailysanfranciscobaynews.com">DAILY SAN FRANCISCO BAY NEWS</a>.</p>
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		<title>The Most Splendid Housing Bubbles in America, March Replace: Greatest Month-to-month Worth Drops Now in Las Vegas, San Francisco, Seattle, Phoenix, Dallas, Denver</title>
		<link>https://dailysanfranciscobaynews.com/the-most-splendid-housing-bubbles-in-america-march-replace-greatest-month-to-month-worth-drops-now-in-las-vegas-san-francisco-seattle-phoenix-dallas-denver/</link>
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		<dc:creator><![CDATA[Daily SF News]]></dc:creator>
		<pubDate>Tue, 04 Apr 2023 07:42:07 +0000</pubDate>
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		<guid isPermaLink="false">https://dailysanfranciscobaynews.com/?p=28914</guid>

					<description><![CDATA[<p>Double digit declines from peak in San Francisco Bay Area, Seattle, San Diego, Phoenix, Las Vegas. By Wolf Richter for WOLF STREET. View of Housing Bubble 2 in the San Francisco Bay Area: This time it&#8217;s not an unemployment crisis that&#8217;s hitting the housing market. The job market is still tight with high pay rises &#8230;</p>
<p>The post <a href="https://dailysanfranciscobaynews.com/the-most-splendid-housing-bubbles-in-america-march-replace-greatest-month-to-month-worth-drops-now-in-las-vegas-san-francisco-seattle-phoenix-dallas-denver/">The Most Splendid Housing Bubbles in America, March Replace: Greatest Month-to-month Worth Drops Now in Las Vegas, San Francisco, Seattle, Phoenix, Dallas, Denver</a> appeared first on <a href="https://dailysanfranciscobaynews.com">DAILY SAN FRANCISCO BAY NEWS</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p></p>
<h3><strong>Double digit declines from peak in San Francisco Bay Area, Seattle, San Diego, Phoenix, Las Vegas.</strong></h3>
<h4>By Wolf Richter for WOLF STREET.</h4>
<p><strong>View of Housing Bubble 2 in the San Francisco Bay Area:</strong></p>
</p>
<p>This time it&#8217;s not an unemployment crisis that&#8217;s hitting the housing market.  The job market is still tight with high pay rises &#8211; although the tech and social media sectors have started to shake.  But it is mortgage rates that have returned to normal pre-QE levels of 6% to 7%, while CPI inflation is hovering around the same range.  And they&#8217;re colliding with home prices, which have skyrocketed under the Fed&#8217;s quantitative easing and interest rate suppression.</p>
<p>And so home prices continued to fall, according to the S&#038;P CoreLogic Case-Shiller Home Price Index for &#8220;January&#8221; &#8212; which is a three-month moving average of home sales publicly recorded in November, December and January, reflecting deals primarily made from October through December.</p>
<p><strong>On a monthly basis</strong>, today&#8217;s Case-Shiller index of single-family home prices fell in 19 of the 20 metros it covers.  Miami was the only exception, where the index was essentially flat.  The 10 biggest dips by month occurred in:</p>
<ol>
<li>Las Vegas: -1.4%</li>
<li>San Francisco Bay Area: -1.3%</li>
<li>Seattle: -1.4%</li>
<li>Phoenix: -1.2%</li>
<li>Dallas: -0.9%</li>
<li>Denver: -0.9%</li>
<li>Chicago: -0.5%</li>
<li>Portland: -0.7%</li>
<li>Tampa: -0.7%</li>
<li>Washington DC: -0.7%</li>
</ol>
<p><strong>Prices have fallen the most from their respective highs</strong> (from May to July 2022) in these metros:</p>
<ul>
<li>San Francisco Bay Area: -17.1%</li>
<li>Seattle: -16.3%</li>
<li>San Diego: -11.5%</li>
<li>Phoenix: -10.5%</li>
<li>Las Vegas: -10.1%</li>
<li>Denver: -9.5%</li>
<li>Portland: -8.6%</li>
<li>Dallas: -8.5%</li>
<li>Los Angeles: -8.3%</li>
<li>Boston: -5.7%</li>
</ul>
<p><strong>Cheaper year-on-year</strong> now in four of the 20 subways:</p>
<ul>
<li>San Francisco Bay Area: -7.6%</li>
<li>Seattle: -5.1%</li>
<li>San Diego: -1.4%</li>
<li>Portland: -0.5%</li>
</ul>
<p><strong>Down faster than up </strong>is a rare event in real estate markets, but it&#8217;s happening in the San Francisco Bay Area, where prices have fallen faster in the eight months since the peak than in the eight months before the peak.  The Seattle and Las Vegas subways came close (percentages from and to the top):</p>
<ul>
<li>San Francisco Bay Area, May peak: -17.1%;  +15.7%.</li>
<li>Seattle, May peak: -16.3%;  +19.7%.</li>
<li>Las Vegas, July peak: -10.2%;  +11.6%.</li>
</ul>
<p><strong>Methodology.</strong> The Case-Shiller Index uses the &#8220;sales pair&#8221; method and compares sales in the current month to sales of the same homes earlier.  Price changes are weighted according to how long ago pre-sales were, and adjustments are made for DIY and other factors (Methodology).  This &#8220;selling pair&#8221; method makes the Case-Shiller Index a more reliable indicator than median price indices, but it lags months behind.</p>
<p><strong>San Francisco Bay </strong>The housing market is being impacted not only by mortgage rates but also by the stock market &#8212; particularly by IPOs and SPACs, which have largely collapsed, and by the tech and social media giants now laying off high-paying workers.  But these home prices released today are based on completed sales in January and earlier, so the recent fireworks are still not reflected.  That&#8217;s coming.</p>
<p>The Case-Shiller Index for &#8220;San Francisco&#8221; covers five counties in the nine-county San Francisco Bay Area: San Francisco, part of Silicon Valley, part of the East Bay, and part of the North Bay.</p>
<ul>
<li>Month to month: -1.3%.</li>
<li>From the peak in May: -17.1%.</li>
<li>YoY: -7.6%.</li>
<li>Lowest reading since May 2021.</li>
</ul>
<p><img decoding="async" class="alignnone size-full wp-image-86322" src="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-San-Francisco-Bay-Area.png" alt="" width="532" height="469" srcset="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-San-Francisco-Bay-Area.png 532w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-San-Francisco-Bay-Area-260x229.png 260w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-San-Francisco-Bay-Area-160x141.png 160w" sizes="(max-width: 532px) 100vw, 532px"/></p>
<p><strong>Seattle Subway</strong>:</p>
<ul>
<li>Month to month: -1.4%.</li>
<li>From the peak in May: -16.3%.</li>
<li>YoY: -5.1%.</li>
<li>Lowest reading since September 2021.</li>
</ul>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-86324" src="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Seattle.png" alt="" width="528" height="466" srcset="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Seattle.png 528w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Seattle-260x229.png 260w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Seattle-160x141.png 160w" sizes="auto, (max-width: 528px) 100vw, 528px"/></p>
<p><strong>San Diego Subway:</strong></p>
<ul>
<li>Month by month: -0.4%.</li>
<li>From the peak in May: -11.5%.</li>
<li>YoY: -1.4%.</li>
<li>Lowest reading since January 2022.</li>
</ul>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-86323" src="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-San-Diego.png" alt="" width="518" height="460" srcset="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-San-Diego.png 518w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-San-Diego-260x231.png 260w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-San-Diego-160x142.png 160w" sizes="auto, (max-width: 518px) 100vw, 518px"/></p>
<p><strong>Metro Phoenix</strong>:</p>
<ul>
<li>Month to month: -1.2%.</li>
<li>From June peak: -10.5%.</li>
<li>Year over year: flat</li>
<li>Lowest reading since January 2022.</li>
</ul>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-86325" src="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Phoenix.png" alt="" width="520" height="474" srcset="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Phoenix.png 520w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Phoenix-260x237.png 260w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Phoenix-160x146.png 160w" sizes="auto, (max-width: 520px) 100vw, 520px"/></p>
<p><strong>Las Vegas Subway</strong>:</p>
<ul>
<li>Month to month: -1.4%.</li>
<li>From July peak: -10.1%.</li>
<li>YoY: +0.4%</li>
<li>Lowest reading since January 2022</li>
</ul>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-86326" src="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Las-Vegas.png" alt="" width="529" height="476" srcset="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Las-Vegas.png 529w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Las-Vegas-260x234.png 260w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Las-Vegas-160x144.png 160w" sizes="auto, (max-width: 529px) 100vw, 529px"/></p>
<p><strong>Denver Subway:</strong></p>
<ul>
<li>Month to month: -0.9%.</li>
<li>From the peak in May: -9.5%.</li>
<li>Year-on-year: +1.0%.</li>
<li>Lowest reading since January 2022.</li>
</ul>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-86327" src="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Denver.png" alt="" width="522" height="465" srcset="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Denver.png 522w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Denver-260x232.png 260w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Denver-160x143.png 160w" sizes="auto, (max-width: 522px) 100vw, 522px"/></p>
<p><strong>Portland Subway:</strong></p>
<ul>
<li>Month to month: -0.7%.</li>
<li>From the peak in May: -8.6%.</li>
<li>YoY: -0.5%.</li>
<li>Lowest reading since December 2021.</li>
</ul>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-86328" src="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Portland.png" alt="" width="527" height="471" srcset="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Portland.png 527w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Portland-260x232.png 260w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Portland-160x143.png 160w" sizes="auto, (max-width: 527px) 100vw, 527px"/></p>
<p><strong>Dallas Subway:</strong></p>
<ul>
<li>Month to month: -0.9%.</li>
<li>From June peak: -8.5%.</li>
<li>Year over year: +5.0%</li>
</ul>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-86329" src="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Dallas.png" alt="" width="528" height="484" srcset="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Dallas.png 528w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Dallas-260x238.png 260w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Dallas-160x147.png 160w" sizes="auto, (max-width: 528px) 100vw, 528px"/></p>
<p><strong>Los Angeles Subway:</strong></p>
<ul>
<li>Month by month: -0.2%.</li>
<li>From the peak in May: -8.3%.</li>
<li>YoY: +0.9%.</li>
<li>Lowest reading since January 2022.</li>
</ul>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-86331" src="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Los-Angeles.png" alt="" width="528" height="458" srcset="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Los-Angeles.png 528w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Los-Angeles-260x226.png 260w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Los-Angeles-160x139.png 160w" sizes="auto, (max-width: 528px) 100vw, 528px"/></p>
<p><strong>Boston subway</strong>:</p>
<ul>
<li>Month by month: -0.3%.</li>
<li>From June peak: -5.7%.</li>
<li>YoY: +4.2%</li>
</ul>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-86330" src="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Boston.png" alt="" width="526" height="474" srcset="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Boston.png 526w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Boston-260x234.png 260w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Boston-160x144.png 160w" sizes="auto, (max-width: 526px) 100vw, 526px"/></p>
<p><strong>Washington DC Subway</strong>:</p>
<ul>
<li>Month to month: -0.7%.</li>
<li>From June peak: -5.0%.</li>
<li>YoY: +2.4%</li>
</ul>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-86332" src="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Washington-DC.png" alt="" width="522" height="478" srcset="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Washington-DC.png 522w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Washington-DC-260x238.png 260w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Washington-DC-160x147.png 160w" sizes="auto, (max-width: 522px) 100vw, 522px"/></p>
<p><strong>Tampa Subway: </strong></p>
<ul>
<li>Month to month: -0.7%.</li>
<li>From peak in July: -4.7%</li>
<li>Year over year: +10.5%</li>
</ul>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-86333" src="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Tampa.png" alt="" width="528" height="479" srcset="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Tampa.png 528w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Tampa-260x236.png 260w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Tampa-160x145.png 160w" sizes="auto, (max-width: 528px) 100vw, 528px"/></p>
<p><strong>Miami Subway:</strong></p>
<ul>
<li>Month-to-month: basically unchanged (less than +0.1%).</li>
<li>From peak in July: -2.6%</li>
<li>YoY: +13.8%</li>
</ul>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-86334" src="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Miami.png" alt="" width="527" height="476" srcset="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Miami.png 527w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Miami-260x235.png 260w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-Miami-160x145.png 160w" sizes="auto, (max-width: 527px) 100vw, 527px"/></p>
<p><strong>New York subway</strong>:</p>
<ul>
<li>Month by month: -0.4%.</li>
<li>From July peak: -2.3%</li>
<li>YoY: +5.2%</li>
</ul>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-86335" src="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-New-York-metro-houses.png" alt="" width="529" height="474" srcset="https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-New-York-metro-houses.png 529w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-New-York-metro-houses-260x233.png 260w, https://wolfstreet.com/wp-content/uploads/2023/03/US-Housing-Case-Shiller-2023-03-28-New-York-metro-houses-160x143.png 160w" sizes="auto, (max-width: 529px) 100vw, 529px"/></p>
<p>For the Miami Metro, the Case-Shiller Index had a value of 399 points in January and December.  The Case-Shiller indices were set at 100 for 2000.  So, despite the recent drop, Miami home prices are still up 299% since 2000.  This makes Miami the No. 1 in the most glorious real estate bubble in terms of price increases since 2000. Miami moved up to No. 1 because its prices have fallen less than prices in Los Angeles and San Diego, the former No. 1 at different times.</p>
<p>The New York Metro Index score of 270 indicates that housing price inflation has been 172% since 2000, and as crazy as that is, it ends this list of the most glorious real estate bubbles.</p>
<p>In the remaining six markets in the Case-Shiller Index, home prices have risen far less since 2000 and therefore do not qualify for this list.  But in all of them, prices have been falling for months.  Today&#8217;s Case-Shiller Index declines: Chicago (-0.5%), Charlotte (-0.3%), Minneapolis (-0.9%), Atlanta (-0.3%), Detroit (-0 .6%) and Cleveland (-0.6%).  ).</p>
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<p>The post <a href="https://dailysanfranciscobaynews.com/the-most-splendid-housing-bubbles-in-america-march-replace-greatest-month-to-month-worth-drops-now-in-las-vegas-san-francisco-seattle-phoenix-dallas-denver/">The Most Splendid Housing Bubbles in America, March Replace: Greatest Month-to-month Worth Drops Now in Las Vegas, San Francisco, Seattle, Phoenix, Dallas, Denver</a> appeared first on <a href="https://dailysanfranciscobaynews.com">DAILY SAN FRANCISCO BAY NEWS</a>.</p>
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		<title>San Francisco drops to 3rd costliest metropolis for renting an condominium</title>
		<link>https://dailysanfranciscobaynews.com/san-francisco-drops-to-3rd-costliest-metropolis-for-renting-an-condominium/</link>
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		<dc:creator><![CDATA[]]></dc:creator>
		<pubDate>Tue, 21 Feb 2023 00:42:17 +0000</pubDate>
				<category><![CDATA[Home services]]></category>
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		<guid isPermaLink="false">https://dailysanfranciscobaynews.com/?p=26555</guid>

					<description><![CDATA[<p>Oct 25, 2022Updated: Oct 25, 2022 8:12 p.m A rent sign hangs in front of an apartment building in San Francisco on January 4, 2022. Douglas Zimmerman/SFGATE When New York City overtook San Francisco as the most expensive city to rent an apartment in August 2021, it was the first time a major subway cost &#8230;</p>
<p>The post <a href="https://dailysanfranciscobaynews.com/san-francisco-drops-to-3rd-costliest-metropolis-for-renting-an-condominium/">San Francisco drops to 3rd costliest metropolis for renting an condominium</a> appeared first on <a href="https://dailysanfranciscobaynews.com">DAILY SAN FRANCISCO BAY NEWS</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><img class="articleHeaderHeader--subhead-img" srcset="https://s.hdnux.com/photos/01/12/36/24/19522821/4/square_small.jpg" alt="Photo by Tessa McLean"/></p>
<p>Oct 25, 2022Updated: Oct 25, 2022 8:12 p.m</p>
<p>    <span class="caption"></p>
<p>A rent sign hangs in front of an apartment building in San Francisco on January 4, 2022.</p>
<p></span><span class="credits">Douglas Zimmerman/SFGATE</span></p>
<p>When New York City overtook San Francisco as the most expensive city to rent an apartment in August 2021, it was the first time a major subway cost more than SF since Zumper began collecting rental data in 2014.  Now, just over a year later, San Francisco has fallen again to become the third most expensive city to rent, according to new data from Zumper. </p>
<p>Boston is now the second most expensive city to rent an apartment in, with an average price of $3,060 for a one-bedroom apartment.  Last month was a big jump for the east coast city with growth of 5.9%, while most major cities saw prices fall in September.  New York City still surpasses every other city as the most expensive city, with an average one-room price of $3,860, despite posting a more than 2% drop over the past month. </p>
<p>The average rent for a one-bedroom apartment in San Francisco is $3,020, down 4.6% this month from September.  Rents in San Francisco are still well below pre-pandemic levels, with one-bedroom media rent this month down 13.7% from February 2020.</p>
<p>Neighboring San Jose is the fourth most expensive city to rent, according to Zumper, with a median rent for a bedroom of $2,600. </p>
<p>“Rent rates in the Bay Area were among the highest in the nation even before the pandemic, and while rental inflation in the Bay was real, it wasn&#8217;t as severe as the rest of the nation due to already high rates and migratory flows, and more outflows than inflows,” a Zumper spokesman wrote in an email. </p>
<p>Remarkably, but certainly not surprisingly, six California cities make the top 10 most expensive lists.  San Diego was fifth on the list, Los Angeles sixth, Oakland ninth, and Santa Ana 10th.</p>
<p>The post <a href="https://dailysanfranciscobaynews.com/san-francisco-drops-to-3rd-costliest-metropolis-for-renting-an-condominium/">San Francisco drops to 3rd costliest metropolis for renting an condominium</a> appeared first on <a href="https://dailysanfranciscobaynews.com">DAILY SAN FRANCISCO BAY NEWS</a>.</p>
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		<title>San Francisco&#8217;s DA drops prices towards former officer</title>
		<link>https://dailysanfranciscobaynews.com/san-franciscos-da-drops-prices-towards-former-officer/</link>
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		<dc:creator><![CDATA[Daily SF News]]></dc:creator>
		<pubDate>Fri, 17 Feb 2023 13:09:38 +0000</pubDate>
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		<guid isPermaLink="false">https://dailysanfranciscobaynews.com/?p=26308</guid>

					<description><![CDATA[<p>SAN FRANCISCO (AP) &#8212; San Francisco District Attorney Brooke Jenkins said she plans to drop manslaughter charges against a former police officer who became the first ever charged with an on-duty murder in the city because the charge was politically motivated. Jenkins said in a letter sent Wednesday to Attorney General Rob Bonta that she &#8230;</p>
<p>The post <a href="https://dailysanfranciscobaynews.com/san-franciscos-da-drops-prices-towards-former-officer/">San Francisco&#8217;s DA drops prices towards former officer</a> appeared first on <a href="https://dailysanfranciscobaynews.com">DAILY SAN FRANCISCO BAY NEWS</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p></p>
<p>SAN FRANCISCO (AP) &#8212; San Francisco District Attorney Brooke Jenkins said she plans to drop manslaughter charges against a former police officer who became the first ever charged with an on-duty murder in the city because the charge was politically motivated.</p>
<p>Jenkins said in a letter sent Wednesday to Attorney General Rob Bonta that she intends to drop the charges against San Francisco police officer Christopher Samayoa at a March 1 hearing.</p>
<p>Samayoa was on his fourth day on the job when he fatally shot Keita O&#8217;Neil, a suspected auto thief, during a police chase in 2017.</p>
<p>                Chesa Boudin, Jenkins&#8217; predecessor, indicted Samayoa on manslaughter and other charges after he took office in 2020, calling his decision &#8220;historic&#8221;.  Boudin was part of a politically progressive wave of prosecutors campaigning for restorative justice in mass incarceration.  He was removed from his post last year amid frustration and concern over the pandemic and viral footage of Asian seniors being assaulted in San Francisco.</p>
<p>In the letter, obtained by the San Francisco Chronicle, Jenkins said an investigation into Boudin&#8217;s handling of the case uncovered internal conflicts.  She said the manslaughter charges were filed just before the statute of limitations had expired and the warrant was signed by an investigator assigned to the case days earlier &#8211; while the longtime lead investigator was on vacation.</p>
<p>&#8220;The irregularities and facts that have come to light in connection with the case against Officer Samayoa indicate that the charges were not made in good faith, appear to be politically motivated and have made it impossible for us to proceed with this prosecution.&#8221; .” Jenkins said in a statement on Friday.</p>
<p>Boudin did not immediately return a message on Friday asking for comment.  He told the San Francisco Chronicle that he filed the case based on the facts, which he says also led to the Samayoa Police Department and the city firing Samayoa to pay O&#8217;Neil&#8217;s family a $2.5 million settlement to pay.</p>
<p>&#8220;It is clear that Jenkins coordinated with the officer&#8217;s defense team to avoid a public hearing on the troubling facts of the case,&#8221; he said.  &#8220;She&#8217;s scapegoating me to try to divert attention from what this decision ultimately reveals about her: Jenkins won&#8217;t hold everyone equally accountable before the law, she&#8217;s deeply politically motivated, and she doesn&#8217;t care about the victims of police violence.”</p>
<p>Jenkins said her office asked the attorney general&#8217;s office to review the case to support the wishes of O&#8217;Neil&#8217;s family.</p>
<p>The bureau confirmed on Friday that it had received the application and is reviewing it.</p>
<p>O&#8217;Neil, who died in a hospital, was suspected of assaulting a California Lottery employee and stealing a van owned by the agency.  Police said they chased the van and another SUV that was driving with it to a public housing area.  O&#8217;Neil got out of the stolen vehicle and ran toward the squad car in which Samayoa, who was in the passenger seat, and his training officer were sitting.</p>
<p>Body camera footage shows Samayoa drawing his pistol while the cruiser was still moving.  The video then shows him opening the side door and firing a single shot through the window while O&#8217;Neil runs in the opposite direction.  O&#8217;Neil, who later died in a hospital, was unarmed.</p>
<p>An attorney for O&#8217;Neil&#8217;s family, Brian Ford, called Jenkins&#8217; decision to drop the charges &#8220;shameful and cowardly.&#8221;</p>
<p>&#8220;She&#8217;s more interested in protecting murderous cops and attacking Boudin than in demanding justice for the citizens of San Francisco,&#8221; Ford told the newspaper.  &#8220;But it means that Attorney General Rob Bonta is even more committed to investigating and bringing charges against Christopher Samayoa in the murder of Keita O&#8217;Neil.&#8221;</p>
<p>The post <a href="https://dailysanfranciscobaynews.com/san-franciscos-da-drops-prices-towards-former-officer/">San Francisco&#8217;s DA drops prices towards former officer</a> appeared first on <a href="https://dailysanfranciscobaynews.com">DAILY SAN FRANCISCO BAY NEWS</a>.</p>
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		<title>Panthers stun Brady, Bucs 21-3 as Tampa Bay drops beneath .500 &#124; Sports activities</title>
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		<dc:creator><![CDATA[]]></dc:creator>
		<pubDate>Sun, 25 Dec 2022 01:54:58 +0000</pubDate>
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					<description><![CDATA[<p>CHARLOTTE, N.C. — Tom Brady and the Tampa Bay Buccaneers fell below .500 with a stunning 21-3 loss to the Carolina Panthers, who won their second game of the season Sunday despite playing with a third-string quarterback and interim head coach. Brady was 32-of-49 passing for 290 yards for the Bucs (3-4). One of those &#8230;</p>
<p>The post <a href="https://dailysanfranciscobaynews.com/panthers-stun-brady-bucs-21-3-as-tampa-bay-drops-beneath-500-sports-activities/">Panthers stun Brady, Bucs 21-3 as Tampa Bay drops beneath .500 | Sports activities</a> appeared first on <a href="https://dailysanfranciscobaynews.com">DAILY SAN FRANCISCO BAY NEWS</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p></p>
<p>CHARLOTTE, N.C. — Tom Brady and the Tampa Bay Buccaneers fell below .500 with a stunning 21-3 loss to the Carolina Panthers, who won their second game of the season Sunday despite playing with a third-string quarterback and interim head coach.</p>
<p>Brady was 32-of-49 passing for 290 yards for the Bucs (3-4). One of those incompletions came when a wide-open Mike Evans dropped what would have been a 64-yard touchdown on the third play of the game.</p>
<p>Brady hasn’t had a losing record this far into a season since the 2002 New England Patriots dropped four straight games to reach 3-4.</p>
<p>P.J. Walker threw for 177 yards and two touchdowns for Carolina (2-5) in place of injured Baker Mayfield and Sam Darnold. The Panthers won for the first time under interim coach Steve Wilks, who replaced Matt Rhule when he was fired Oct. 10.</p>
<p>Tampa Bay’s defense allowed the Panthers to rush for 173 yards. D’Onta Foreman ran for 118 yards, adn Chuba Hubbard added 63 yards and a touchdown.</p>
<p>Carolina came in as a 13 1/2-point underdog and having lost 12 of 13 games. It’s now one game behind the Bucs and Atlanta Falcons for first place in the NFC South.</p>
<p>COMMANDERS 23, PACKERS 21</p>
<p>LANDOVER, Md. (AP) — Aaron Rodgers and the Green Bay offense sputtered and Washington handed the Packers their third straight loss.</p>
<p>Nursing a sore thumb and out of sync with receivers, Rodgers was 23 of 35 for 194 yards and the Packers went 0 of 6 on third down. Green Bay (3-4) had just 232 total yards of offense to Washington’s 364 and lost Allen Lazard to a shoulder injury, making him the team’s third wide receiver to go down during the first losing streak under coach Matt LaFleur.</p>
<p>Rodgers finished the game face down on the turf after a failed final play that ended with him throwing a lateral out of bounds.</p>
<p>Washington’s front four also played a role in frazzling Rodgers and making him look more like a rookie than a 38-year-old four-time MVP. Only a series of penalties on the Commanders (3-4) made the game close in the final minutes.</p>
<p>Taylor Heinicke, making his first start of the season in place of injured Carson Wentz, threw for two touchdowns — including a perfect 37-yard pass to Terry McLaurin — and was 20 of 33 for 200 yards.</p>
<p>Heinicke got off to a rough start, going 1 for 7 — including an interception that De&#8217;Vondre Campbell returned 63 yards for a touchdown.</p>
<p>DOLPHINS 16, STEELERS 10</p>
<p>MIAMI GARDENS, Fla. (AP) — Tua Tagovailoa got Miami off to a fast start in his return from a concussion, and the Dolphins held on throughout a scoreless second half to beat Pittsburgh.</p>
<p>The Dolphins (4-3) snapped a three-game skid that began on Sept. 29, when Tagovailoa was concussed in a loss at Cincinnati.</p>
<p>Miami coach Mike McDaniel opted not to have Jason Sanders kick his fourth field goal of the game midway through the third quarter for a two-score lead. Chase Edmonds was stuffed for no gain on fourth-and-3 from the Pittsburgh 13.</p>
<p>The decision loomed large as Miami punted on its next five possessions. But the Dolphins intercepted rookie Steelers quarterback Kenny Pickett twice in the closing minutes to seal it.</p>
<p>The Steelers (2-5) fell short a week after they held off Tom Brady and the Tampa Bay Buccaneers at home.</p>
<p>Tagovailoa finished 21 of 35 for 261 yards and an 8-yard touchdown pass to Raheem Mostert on the Dolphins’ opening drive. Miami added two field goals by Sanders to lead 13-0 at the end of the first quarter.</p>
<p>Pickett, who was cleared from the NFL’s concussion protocol Friday, was 32 for 44 for 257 yards with one touchdown and three interceptions.</p>
<p>CHIEFS 44, 49ERS 23</p>
<p>SANTA CLARA, Calif. (AP) — Patrick Mahomes threw for 423 yards and three touchdowns as Kansas City rallied from a double-digit deficit to beat San Francisco.</p>
<p>Mahomes got off to a rough start in this Super Bowl rematch with his early interception putting Kansas City (5-2) in a 10-0 hole. But he led the Chiefs to touchdowns on six of the next seven drives.</p>
<p>Mecole Hardman scored on two TD runs and an 8-yard catch, Justin Watson caught a 4-yard TD, and JuJu Smith-Schuster finished it off with a 45 yard catch-and-run. Clyde Edwards-Helaire also scored on a 16-yard run.</p>
<p>Kansas City improved to 13-9 with Mahomes when falling behind by at least 10 points, including the Super Bowl win over the 49ers (3-4) following the 2019 season.</p>
<p>The Niners (3-4) dropped back-to-back games despite getting a boost from the addition this week of running back Christian McCaffrey, who had 62 yards on 10 scrimmage touches in his San Francisco debut.</p>
<p>But San Francisco settled for three field goals and came up empty on another chance when Jimmy Garoppolo threw an interception at the goal line before Kansas City ran away with it in the second half.</p>
<p>GIANTS 23, JAGUARS 17</p>
<p>JACKSONVILLE, Fla. (AP) — Two New York defenders tackled Christian Kirk inside the 1-yard line as time expired to preserve the win over Jacksonville.</p>
<p>The Giants matched their best start since 2008. Quarterback Daniel Jones ran for a career-high 107 yards and a touchdown, turning to his legs to carry the Giants (6-1) down the stretch. He ran for 35 yards on a go-ahead drive and capped it with a 1-yard plunge after consecutive penalties by Jacksonville moved the ball inches from the goal line.</p>
<p>Jacksonville had a final shot and reached the New York 1-yard on Trevor Lawrence’s pass to Kirk. But Julian Love and Xavier McKinney stopped Kirk short of the goal line, even as Jaguars players tried pushing the pile into the end zone.</p>
<p>Lawrence finished 22 of 43 for 310 yards for reeling Jacksonville (2-5), which lost its fourth straight.</p>
<p>Saquon Barkley finished with 107 yards on 24 carries, and Graham Gano kicked three field goals for New York. Gano’s last one gave the Giants some breathing room.</p>
<p>JETS 16, BRONCOS 9</p>
<p>DENVER (AP) — Rookie Breece Hall ran for a 62-yard touchdown before leaving with a knee injury and surprising New York won its fourth straight by beating backup quarterback Brett Rypien and punchless Denver.</p>
<p>The Jets (5-2) are off to their best start since 2010, have their first four-game winning streak since 2015 and have already surpassed their win total from last year when they went 4-13. New York improved to 4-0 on the road.</p>
<p>The Broncos (2-5) lost their fourth straight despite another outstanding defensive performance as starting quarterback Russell Wilson sat out with a pulled hamstring.</p>
<p>Zach Wilson was held without a touchdown for the second straight week. He was 16 of 26 for 121 yards but did enough for the Jets to win.</p>
<p>Rypien went 24 for 46 for 225 yards and no touchdowns and threw a second-half interception. Rookie cornerback Sauce Gardner broke up Rypien’s fourth-down pass into the end zone to Courtland Sutton with just under 2 minutes remaining.</p>
<p>The Jets lost Hall to a left knee injury in the second quarter when he was tackled by Patrick Surtain II and Jonas Griffith after a short run. He was helped off the field and carted to the locker room. Coach Robert Saleh said after the game the initial diagnosis for Hall is an ACL injury.</p>
<p>RAVENS 23, BROWNS 20</p>
<p>BALTIMORE (AP) — Gus Edwards ran for two touchdowns in his first game back from a major knee injury, and Baltimore avoided another fourth-quarter collapse thanks to a couple huge Cleveland penalties.</p>
<p>The Ravens (4-3) led 23-13 after Justin Tucker’s 55-yard field goal with 11:24 remaining, but the Browns responded with a 2-yard touchdown run by Kareem Hunt to make it a three-point game. Then a fumble by Baltimore’s Justice Hill gave Cleveland the ball at its own 16 with 3:12 to play.</p>
<p>With the Browns driving, Amari Cooper was called for offensive pass interference, and a false-start penalty on a field-goal attempt forced Cade York to try it from 60 yards. His attempt was blocked by Malik Harrison with 1:59 remaining.</p>
<p>Cleveland (2-5) has lost four in a row.</p>
<p>Edwards missed all of last season and the first six games of this one, but he rushed for 66 yards scored on runs of 7 and 1. Baltimore remained tied with Cincinnati atop the AFC North.</p>
<p>The Ravens&#8217; Lamar Jackson was sacked three times and threw for only 120 yards. The Browns&#8217; Jacoby Brissett was 22 of 27 for 258 yards, but he was sacked five times and fumbled on one of them.</p>
<p>COWBOYS 24, LIONS 6</p>
<p>ARLINGTON, Texas (AP) — Ezekiel Elliott ran for two 1-yard touchdowns and Dak Prescott threw for a score in his return from injury while Dallas leaned on its defense to beat Detroit.</p>
<p>The Cowboys (5-2) recovered Jamaal Williams’ fumble inside their 1 with a four-point lead early in the fourth quarter. Jared Goff was responsible for four other Detroit turnovers — he threw two interceptions and lost two fumbles.</p>
<p>Prescott was predictably ragged after missing five games with a fractured right thumb. He was 19 of 25 for 207 yards, while Goff was 21 of 26 for 228 yards. Goff’s first three turnovers led to the three Dallas touchdowns.</p>
<p>The Lions (1-5) got a solid showing for three quarters from the NFL’s worst defense, but coach Dan Campbell fell to 0-11-1 on the road with the Lions.</p>
<p>Elliott had 57 yards on 15 carries, and Tony Pollard rushed 12 times for 83 yards.</p>
<p>SEAHAWKS 37, CHARGERS 23</p>
<p>INGLEWOOD, Calif. (AP) — Rookie Kenneth Walker III rushed for 168 yards and two touchdowns, Marquise Goodwin caught a pair of scores, and Seattle jumped out to a 17-point first-quarter lead and beat Los Angeles.</p>
<p>Geno Smith completed 20 of 27 passes for 210 yards and two touchdowns, his fifth multi-TD game of the season. Jason Myers added three field goals for the Seahawks (4-3), who have won three of four and took a half-game lead in the NFC West.</p>
<p>Seattle led 17-0 late in the first quarter, its largest lead after 15 minutes since a win over New Orleans in Week 13 of 2013. It was the Seahawks’ largest road lead at the end of the first since 2000.</p>
<p>It was the third straight week the Chargers (4-3) fell behind by double digits in the first quarter. They rallied against Cleveland and Denver, but were unable to pull it off this time and had a three-game winning streak snapped. LA now trails Kansas City by one game in the AFC West.</p>
<p>Justin Herbert was 33 of 51 for 293 yards with two touchdowns and an interception, marking the second time in his career he has thrown at least 50 passes in consecutive games. Austin Ekeler had 127 scrimmage yards (96 receiving, 31 rushing) and a pair of touchdowns, giving him eight over the last three games.</p>
<p>TITANS 19, COLTS 10</p>
<p>NASHVILLE, Tenn. (AP) — Andrew Adams returned an interception 76 yards for the first pick-6 of his career, and Tennessee never trailed while completing its second straight sweep of AFC South rival Indianapolis.</p>
<p>The reigning two-time division champion Titans (4-2) won their fourth straight overall, and they’ve now beaten the Colts five straight times.</p>
<p>Randy Bullock made four field goals, the last two providing Tennessee’s first points this season in the fourth quarter. Bullock’s 48-yarder provided the final margin with 4:47 remaining.</p>
<p>The Titans forced three turnovers, the last on Michael Pittman Jr.’s fumble with 3:22 left. Jeffery Simmons also had one of three sacks for Tennessee.</p>
<p>Derrick Henry helped seal the win with his third straight 100-yard rushing game, finishing with a season-high 128 yards on 30 carries.</p>
<p>Matt Ryan went 33 of 44 for 243 yards and a touchdown but was intercepted twice. The Colts (3-3-1) saw their two-game win streak end.</p>
<p>BENGALS 35, FALCONS 17</p>
<p>CINCINNATI (AP) — Joe Burrow passed for 345 yards and three touchdowns in the first half as Cincinnati scored on its first four possessions to roll past Atlanta.</p>
<p>The Cincinnati quarterback played his best game of the season, finishing 34 of 42 for 481 yards and three touchdowns and running for a 1-yard score as the defending AFC champion Bengals (4-3) moved above .500 for the first time this season.</p>
<p>Receivers Ja’Marr Chase and Tyler Boyd both eclipsed the 100-yard mark in the first half. Boyd finished with a career-high 155 yards on eight catches. Chase also caught eight passes for 130 yards and two touchdowns.</p>
<p>Marcus Mariota completed just eight passes for the Falcons (3-4), whose strong running game was also stymied by Cincinnati. Mariota threw for 124 yards and Atlanta generated only 214 yards of offense to the Bengals’ 537.</p>
<p>RAIDERS 38, TEXANS 20</p>
<p>LAS VEGAS (AP) — Josh Jacobs rushed for 143 yards and three second-half touchdowns as Las Vegas ran away from Houston.</p>
<p>In a battle of one-win teams coming off byes, the Raiders (2-4) dominated the Texans (1-4-1) after halftime, outscoring them 28-10 behind 227 yards of offense, including 98 from Jacobs on the ground.</p>
<p>Las Vegas, which erased a three-point, fourth-quarter deficit, scored on four straight possessions before safety Duron Harmon sealed the win by intercepting Davis Mills and returning it 73 yards for a touchdown.</p>
<p>Jacobs has rushed for 441 yards in his last three games. He became the first Raider to rush for more than 100 yards in three straight games since Napoleon Kaufman in 1997. It was his second career game with three rushing TDs.</p>
<p>Derek Carr completed 21 of 27 passes for 241 yards and a touchdown. Davante Adams had eight receptions for 95 yards.</p>
<p>Mills completed 28 of 40 attempts for 302 yards and two touchdowns, along with his pick-6 to Harmon. Dameon Pierce led the Texans’ rushing attack with 92 yards on 20 carries.</p>
<p>The post <a href="https://dailysanfranciscobaynews.com/panthers-stun-brady-bucs-21-3-as-tampa-bay-drops-beneath-500-sports-activities/">Panthers stun Brady, Bucs 21-3 as Tampa Bay drops beneath .500 | Sports activities</a> appeared first on <a href="https://dailysanfranciscobaynews.com">DAILY SAN FRANCISCO BAY NEWS</a>.</p>
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		<title>San Francisco &#038; Silicon Valley Housing Markets Puke Enormous Value Drops, as Startups, Crypto, Tech, Social Media Make Whole Mess</title>
		<link>https://dailysanfranciscobaynews.com/san-francisco-silicon-valley-housing-markets-puke-enormous-value-drops-as-startups-crypto-tech-social-media-make-whole-mess/</link>
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		<pubDate>Tue, 20 Dec 2022 16:01:05 +0000</pubDate>
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					<description><![CDATA[<p>In California overall, prices dropped year-over-year, as sales collapsed, supply more than doubled. No dear, this isn&#8217;t just a seasonal dip. By Wolf Richter for WOLF STREET. San Francisco and Silicon Valley are now in the solid leadership role of the housing bust playing out in California with sales collapsing and prices heading south from &#8230;</p>
<p>The post <a href="https://dailysanfranciscobaynews.com/san-francisco-silicon-valley-housing-markets-puke-enormous-value-drops-as-startups-crypto-tech-social-media-make-whole-mess/">San Francisco &#038; Silicon Valley Housing Markets Puke Enormous Value Drops, as Startups, Crypto, Tech, Social Media Make Whole Mess</a> appeared first on <a href="https://dailysanfranciscobaynews.com">DAILY SAN FRANCISCO BAY NEWS</a>.</p>
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<h3><strong>In California overall, prices dropped year-over-year, as sales collapsed, supply more than doubled.  No dear, this isn&#8217;t just a seasonal dip.</strong></h3>
<h4>By Wolf Richter for WOLF STREET.</h4>
<p>San Francisco and Silicon Valley are now in the solid leadership role of the housing bust playing out in California with sales collapsing and prices heading south from the peak in April at an astonishing pace.</p>
<p>Just about everything that could come together came together.  After a two-year outflux of workers due to working from anywhere, there came the collapse of the startup and crypto scenes, starting in 2021 and continuing unabated, leading to the early entries into my pantheon of Imploded Stocks.  In early 2022 came the spike in mortgage rates.  In mid-2022 came the downturn in employment at Big Tech.  By that time, the Fed had been hiking its policy rates relentlessly, and Quantitative Tightening had kicked off. This was punctuated over the past two months by the chaotic dismantling of the workforce at Twitter and its ecosystem.</p>
<p>Local budgets have fallen into deep deficits &#8211; although most are still flush with cash from the pandemic funds received from the federal government and the state.</p>
<p>Vacant office space that is on the market for lease and sublease continues to balloon, while landlords have started to file for huge reductions in assessment values ​​to lower their property taxes, which is going to cut revenues further.</p>
<p>This comes garnished by stories in the New York Times that Twitter stopped paying rent on its leased office spaces, and that it was instructed not to pay vendors.  At least one of those unpaid vendors – a Silicon Valley company whose software Twitter had licensed – filed a lawsuit last week in the San Francisco Superior Court for nonpayment.  It stated, “shortly after Musk&#8217;s purchase of Twitter closed, Twitter refused to pay the outstanding quarterly invoice, which was due on November 30, 2022, and Twitter disclaimed any obligation to pay any future invoices…”</p>
<p>These are all signs that the housing market is going to get a lot messier.  Prices have plunged the most in San Francisco, followed by the Silicon Valley counties of San Mateo and Santa Clara.</p>
<h3><strong>In San Francisco. </strong></h3>
<p><strong>The median price of single-family houses</strong> sold in November in San Francisco plunged by 11.4% from October to $1.50 million, and by 27% from the peak in April, according to the California Association of Realtors.  A nasty-looking chart:</p>
</p>
<p><strong>Condo prices plunged</strong> by 4.3% from the prior month to $1.15 million, and by 9.5% year-over-year.  Since the peak in April, the median condo price is down by 15.5%.  Condo sales in November have collapsed by 49%.</p>
<p>Seasonally, the lowest months are December and January.  So that&#8217;s still to come.</p>
<p><strong>But who is going to buy in the spring selling season</strong>?  Prices normally rise as demand picks up in the spring;  but who will be the exuberant tech workers that will want to overpay for a house by borrowing against the collapsed value of their stock options?  Those lucky ones that still have jobs and stock options?</p>
<p>The housing markets in San Francisco and Silicon Valley are tied to the boom-and-bust cycles of the startup scene – now combined with the crypto scene and cryptos – and they&#8217;re tied to the stocks of startups and big tech and social media companies in the area, to the jobs that have to be done locally, and to the value of the stock options.  All of them are puking.</p>
<p>Year-over-year, the median price of single-family houses in San Francisco plunged by 21%, the sixth month in a row of year-over-year declines.  It was the biggest year-over-year plunge since the peak of Housing Bust 1:</p>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-84295" src="https://wolfstreet.com/wp-content/uploads/2022/12/US-california-housing-CAR-2022-12-19-San-Francisco-YOY.png" alt="" width="523" height="400" srcset="https://wolfstreet.com/wp-content/uploads/2022/12/US-california-housing-CAR-2022-12-19-San-Francisco-YOY.png 523w, https://wolfstreet.com/wp-content/uploads/2022/12/US-california-housing-CAR-2022-12-19-San-Francisco-YOY-260x199.png 260w, https://wolfstreet.com/wp-content/uploads/2022/12/US-california-housing-CAR-2022-12-19-San-Francisco-YOY-160x122.png 160w" sizes="auto, (max-width: 523px) 100vw, 523px"/></p>
<h3><strong>Silicon Valley, San Mateo County</strong>.</h3>
<p>The median price of single-family houses in San Mateo County, which forms the northern part of Silicon Valley, plunged by 6.2% from October to $1.78 million, and by 26% from the peak in April.</p>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-84296" src="https://wolfstreet.com/wp-content/uploads/2022/12/US-california-housing-CAR-2022-12-19-San-Mateo.png" alt="" width="526" height="421" srcset="https://wolfstreet.com/wp-content/uploads/2022/12/US-california-housing-CAR-2022-12-19-San-Mateo.png 526w, https://wolfstreet.com/wp-content/uploads/2022/12/US-california-housing-CAR-2022-12-19-San-Mateo-260x208.png 260w, https://wolfstreet.com/wp-content/uploads/2022/12/US-california-housing-CAR-2022-12-19-San-Mateo-160x128.png 160w" sizes="auto, (max-width: 526px) 100vw, 526px"/></p>
<p>Year-over-year, the median house price plunged by 20%.</p>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-84297" src="https://wolfstreet.com/wp-content/uploads/2022/12/US-california-housing-CAR-2022-12-19-San-Mateo-YOY.png" alt="" width="520" height="407" srcset="https://wolfstreet.com/wp-content/uploads/2022/12/US-california-housing-CAR-2022-12-19-San-Mateo-YOY.png 520w, https://wolfstreet.com/wp-content/uploads/2022/12/US-california-housing-CAR-2022-12-19-San-Mateo-YOY-260x204.png 260w, https://wolfstreet.com/wp-content/uploads/2022/12/US-california-housing-CAR-2022-12-19-San-Mateo-YOY-160x125.png 160w" sizes="auto, (max-width: 520px) 100vw, 520px"/></p>
<h3><strong>Silicon Valley, Santa Clara County</strong>.</h3>
<p>Santa Clara County, which forms the southern part of Silicon Valley and includes the Bay Area&#8217;s largest city, San Jose, is lagging behind but is moving right along.  The median price of single-family houses dropped by 1.5% in November from October to $1.60 million, and by 19% from the peak in April:</p>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-84298" src="https://wolfstreet.com/wp-content/uploads/2022/12/US-california-housing-CAR-2022-12-19-Santa-Clara.png" alt="" width="526" height="400" srcset="https://wolfstreet.com/wp-content/uploads/2022/12/US-california-housing-CAR-2022-12-19-Santa-Clara.png 526w, https://wolfstreet.com/wp-content/uploads/2022/12/US-california-housing-CAR-2022-12-19-Santa-Clara-260x198.png 260w, https://wolfstreet.com/wp-content/uploads/2022/12/US-california-housing-CAR-2022-12-19-Santa-Clara-160x122.png 160w" sizes="auto, (max-width: 526px) 100vw, 526px"/></p>
<p>Year-over-year, the median house price dropped by 5.5%, the first significant year-over-year decline in this cycle.  Prices had already undergone significant year-over-year declines in 2018 and 2019, and were on a downward path until the trillions in money-printing, the surge in the stock market, and the interest rate repression began to boost prices again.</p>
<p>Currently, Santa Clara County lags San Francisco and San Mateo by a few months, it seems.</p>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-84299" src="https://wolfstreet.com/wp-content/uploads/2022/12/US-california-housing-CAR-2022-12-19-Santa-Clara-YOY.png" alt="" width="526" height="400" srcset="https://wolfstreet.com/wp-content/uploads/2022/12/US-california-housing-CAR-2022-12-19-Santa-Clara-YOY.png 526w, https://wolfstreet.com/wp-content/uploads/2022/12/US-california-housing-CAR-2022-12-19-Santa-Clara-YOY-260x198.png 260w, https://wolfstreet.com/wp-content/uploads/2022/12/US-california-housing-CAR-2022-12-19-Santa-Clara-YOY-160x122.png 160w" sizes="auto, (max-width: 526px) 100vw, 526px"/></p>
<h3><strong>In all of California</strong>.</h3>
<p>Sales of single-family houses in California collapsed by 47.7% in November, compared to a year ago, the biggest decline since 1980, according to the California Association of Realtors.  Condo sales collapsed by 46%.</p>
<p>Unsold inventory more than doubled year-over-year to a supply of 3.3 months, and days on the market also more than doubled – before sellers pulled the unsold homes off the market again.</p>
<p>For all of California, the median price of single-family houses plunged another 3.0% in November from October, which pushed the price down year-over-year (-0.6%).  The median condo price fell 2.1% in November from October, which whittled down the year-over-year gain to just 2.7%.</p>
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