"Just Thinking"

“Just Thinking"


As time marches on, we ease into the new year, change is evident, change is inevitable. I saw a couple of items in the news this week that jumped out at me and reinforced the fact that change is inevitable. The date, January 5th and the significance that date holds for two iconic San Francisco landmarks Alioto’s Restaurant and the Golden Gate Bridge.

 

As for the Golden Gate Bridge, January 5, 1933, construction began with the excavation of, what would be, 3.25 million cubic feet of dirt for the structure’s huge anchorages. As for Alioto’s, January 5, 2026, the Port of San Francisco began demolition of this iconic landmark.

 

As a young boy growing up in San Francisco, I have memories of these two structures throughout my life. As a youngster, crossing the Golden Gate Bridge was a happy occasion as it signified the beginning of a trip up the 101 to a family get away in Clear Lake. Going over the fog shrouded mammoth riding in the back of the Country Squier Station Wagon is, even now, recalled with a sense of mystery and adventure, leaving summer in “The City” dressed in jeans and a wind breaker anticipating the journey’s end when I would hurriedly change into cutoffs and a tank top, my summer uniform.

 

Also, in my formative years, I would tag along with my father to the South End Rowing Club to goof around with my brother Kevin while he played handball. The South End is at the end of Jefferson St. adjacent to Aquatic Park just below Ghirardelli Square. The hustle and bustle of Fisherman’s Warf was electric, with the lines of brightly painted boats at their berths, the constant presence of Sea Gulls, scrounging for what scraps they could find or steal, and the occasion Seal sticking up his head to see what was going on in the world around him. But my most vivid memory besides seeing the cable car conductor manually turn the cable car around on the giant turn table, was the restaurants with their fish markets and crab stands, the wooden stalls with hand‑painted signs. Steam rising from pots, clouding the cool air as the workers cracked crab with practiced rhythm all the while hocking fresh crab, shrimp cocktails, and cups of clam chowder.

 

It wasn’t until later years that I began to frequent the fine dining for which Alioto’s had been renowned for nearly a century. Alioto’s began in 1925 as a small fish stand opened by the family’s patriarch, Nunzio Alioto, later becoming a multi‑story restaurant and one of Fisherman’s Wharf’s foundational businesses. It remained family‑run until its closure in 2020. Although never reopening after the pandemic I was still I was very sad to see in the news that the Port of San Francisco began demolition of this iconic landmark. Apparently, they have spent years seeking a new operator. However, the 11,000 square foot building had fallen into disrepair and would have required a multi-million-dollar investment which scared off buyers.

 

The Port is taking steps to preserve elements of the restaurant’s legacy: The distinctive green/turquoise Alioto’s sign was removed first and placed into storage for future use.

 

Alioto’s is being replaced with a new public plaza, that will occupy the site along Taylor Street between Jefferson Street and The Embarcadero. Right now, design goals include views of the inner lagoon, enhancing public access to the working fishing fleet, and creating a more inviting, modern public space.

 

The dream of spanning the Golden Gate Strait dates to the late 19th century. As the area’s population grew rapidly after the 1849 Gold Rush. It took quite awhile for the project to get legs; it wasn’t until the 1930’s that a $35 million bond measure was voted on and passed. Financing remained difficult until Bank of America agreed to underwrite the project in 1932.

 

Four years after the project began, the Golden Gate Bridge opened to the public on May 27, 1937.  At the time of its completion, the bridge boasted the longest suspension span in the world, stretching 4,200 feet between its two towers.

 

There you have it, a couple of iconic structures, one to be relinquished to our memories, the other an engineering marvel that symbolizes an area.


Let me know what you think.

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This Weeks Top Story

New Data Shows Home Sellers Outnumber Buyers by 37%

The gulf between sellers and buyers just hit one of its widest points on record. 

 

According to a new Redfin report, the U.S. housing market had 37.2% more sellers than buyers in November, equal to roughly 529,770 more people trying to sell a home than people trying to buy one. 

 

Only this past summer saw a bigger imbalance. That shift has pushed the national market deeper into buyer’s market territory, which has big implications for pricing, negotiation, and the way you prepare clients in 2025.

 

Read on for the biggest takeaways from Redfin’s report.

 

The Buyer-Seller Gap Keeps Widening

 

The imbalance has been growing for months. Here’s how the spread has shifted:

  • November gap: 37.2%
  • October gap: 35.6%
  • One year ago: 17%

 

The gap has stayed above 35% every month since April of this year, and the U.S. has had at least 10% more sellers than buyers since May of 2024.

 

A setup like this shifts momentum toward buyers who can afford to participate. Homes sit longer, negotiation gets easier, and concessions are becoming part of the baseline conversation.

 

Redfin Senior Economist Asad Khan put the trend into context. 

 

“A modest improvement in housing affordability could bring some homebuyers off the sidelines in 2026, which could narrow the gap between homebuyers and sellers. But the housing market is likely to remain in buyer’s market territory for the foreseeable future, with sellers cutting prices or offering concessions to lure buyers.”

 

Where Buyer’s Markets Are Strongest

 

The buyer-favorable trend is national, but some metros are experiencing more extreme imbalances. Here are the ten strongest buyer’s markets:

  1. Austin: 114.3% more sellers than buyers
  2. San Antonio: 105.8% more
  3. Nashville: 103.7% more
  4. Fort Lauderdale: 102.5% more
  5. West Palm Beach: 93.6% more
  6. Las Vegas: 86.5% more
  7. Tampa: 85.6% more
  8. Dallas: 84.4% more
  9. Houston: 83.9% more
  10. Charlotte: 78.1% more

 

Across the 50 largest metros, 36 are buyer’s markets, and most of those buyer’s markets are in the Sun Belt and West Coast. Cities with significant pandemic-era building booms now have the most excess supply. 


Florida is a standout case, with insurance premiums and HOA fees pushing homeowners to move, adding even more listings to the market. 

 

Where Seller’s Markets Still Hold

 

A smaller group of metros still favors sellers clearly and consistently. And four of the seven seller’s markets are in the Northeast, starting with Nassau County, NY:

  1. Nassau County, NY: 39.1% fewer sellers than buyers
  2. Montgomery County, PA: 34.8% fewer

Finish - The Full Story


Posted by:

By: Sarah Lentz

Dec 20, 2025 

Housing Market

Properties For Sale
Previous Newsletters

January 2nd

Zillow’s Latest Search Data Offers a Clear Signal Heading Into 2026

https://conta.cc/44QbflZ

December 19th

Realtor.com Economist: Why a Sub-6% Mortgage Rate Isn’t the...

https://conta.cc/4jrO2wF

December 12th

What Buyers and Sellers Really Expect From the 2026 Housing...

https://conta.cc/3MGFNjI

December 5th

Realtor.com Says Relief Is Coming to the Housing Market...

https://conta.cc/3MsnQoV

November 21st

What’s In, What’s Out: The Hottest Home Trends of 2025

https://conta.cc/4oSYZJe

November 14th

The Typical Home Seller Is Now 64—And They’re Staying Put Longer

https://conta.cc/4nWXXL9

November 7th

Investors Paying Up to 35% Above Median Home Price

https://conta.cc/43hW7go

October 31st

52% of Buyers Would Live in a Haunted House if the Price...

https://conta.cc/4nyfWr4

October 24th

The ‘Starbucks Effect’ Fueled Real Estate Growth for Decades...

https://conta.cc/4oVqEsX

October 17th

Renters Now Spend Less than 24% of Income on Rent

https://conta.cc/43opldk

October 10th

What the Government Shutdown Means for Your Clients’ Closings

https://conta.cc/4h1vCkR

September 19th

Fed Cuts Rates for the First Time in 2025. What Does It Mean for...

https://conta.cc/4mm4eiA

September 12th

The Biggest Challenges for Buyers, Sellers, and Builders in 2025

https://conta.cc/42eSmaQ

September 5th

The Biggest Challenges for Buyers, Sellers, and Builders in 2025

https://conta.cc/42eSmaQ

August 29th

Mortgage Rates Push Affordable Home Price Down $30K Since 2019

https://conta.cc/3JApi7h

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Join us for an unforgettable afternoon at the "I ❤️ Downtown Martinez Wine & Chocolate Stroll"! Grab your sweetie, gal pals, family, and friends for a delightful adventure in the heart of downtown Martinez. This is the perfect opportunity to celebrate love and friendship as you indulge in the exquisite combination of 25+ wines and delectable chocolate treats from various local businesses.

 

Wander through the charming streets of downtown Martinez, discovering hidden gems and supporting local businesses along the way. Each business will have its own unique offerings, making every stop a delightful surprise.

 

Ticketed event – Grab your tickets early and secure your spot.

 

Early bird pricing tickets are on sale now at $40 per ticket. Day of tickets are $50, if not sold out.


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Step forward every day with a clear vision of the end.

Step after step, day after day moving forward.

You'll reach the end and achieve your goal and realize that the journey was the point all along.

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