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Homeowners in San Francisco looking to sell in the troubled city are a whopping four times more likely than the average US home seller to take a loss, according to real estate brokerage Redfin.

Residents looking to get out of the city — where a once-trendy downtown area has descended into a drug-addled hellscape, and historic hotels have been converted into roach-infested “Single-Room Occupancy” housing for vagrants — can expect to sell their San Francisco abode for $100,000 less than they bought it for.

Roughly 12.3% — or one in eight — of the homes sold in the Bay Area during the three months ended July 31 was purchased for less than the seller bought it for, Redfin found.

The figure is a 5% increase from the same period a year ago, is higher than any other major US metropolis and a staggering four times the 3% national rate of homeowners who take a loss when selling their homes, according to the real estate firm.

Detroit is home to the second-highest share of homeowners who take a loss in their home-selling transactions, at 6.9%, followed by Chicago and New York, where 6.5% and 5.9% of homeowners take a loss in selling their homes, respectively.

Though the share of New York homeowners who reported a loss was half that in San Francisco, the cities were tied for the largest median loss in dollars, at $100,000, Redfin found in a separate analysis.

Thus, it’s not a surprise that San Francisco, Detroit, Chicago and New York all rank among the top 10 cities Redfin found residents want to move out of.

San Francisco ranks No. 1, New York No. 2, Chicago No. 5 and Detroit No. 9, according to Redfin.

Across the US, the average homeowner who didn’t profit off of selling their home lost $35,538, according to Redfin, which analyzed Multiple Listing Service data across the top 50 US cities of homes that were owned by the same party for at least nine months before the sale.

States where homeowners were least likely to sell at a loss: San Diego, Boston, Providence, R.I., Kansas City, Mo., and Fort Lauderdale, Fla.

In each of these cities, only about 1% of homes sold for less than the seller originally paid, Redfin reported.

Redfin attributed San Francisco’s unfortunate housing stats to a sharp decline in home prices triggered by high mortgage rates, which climbed to their highest level since 2001 last month.

As of April, the city’s median home price was down over 13% year over year — triple the nationwide slowdown of 4.2% — swiping a whopping $60 billion in the total value of homes since last year.

In addition, home prices in the Bay Area fell because the metro area was hit hard by mass layoffs in the tech sector, Redfin said.

Major tech firms based in San Francisco like Apple, Google, Meta and Salesforce all conducted rounds of layoffs within the past year.

In one of the largest layoffs San Francisco saw in recent months, Meta sacked 21,000 employees as part of Mark Zuckerberg’s so-called “year of efficiency.”

Salesforce also axed some 7,000 staffers — 10% of its workforce — at the beginning of this year after rapid pandemic-era hiring left the company with “too many people” amid an economic slowdown.

And late last year, Elon Musk infamously slashed his staff at Twitter, now known as X, in half, handing nearly 4,000 workers pink slips.

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Canada tops Sweden in thrilling 4 Nations opener

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Canada tops Sweden in thrilling 4 Nations opener

MONTREAL — Sidney Crosby got a sellout crowd roaring with a no-look pass to Nathan MacKinnon for a slam dunk power-play goal in the first minute. Then he sent Canada fans home happy by assisting on Mitch Marner‘s overtime winner.

Sid’s not a kid anymore, but he showed he’s still got it at 37, getting three assists to beat Sweden 4-3 on Wednesday night in a thrilling opener of the 4 Nations Face-Off. It was just the latest masterclass by Crosby, a two-time Olympic champion who brought his best to the return of elite international competition featuring the NHL’s top players.

“It’s no coincidence is record of when he’s wearing a Canadian jersey,” coach Jon Cooper said. “It’s not a fluke. He will go down as the greatest player to ever represent his country. If not, he’s going to be on the Mount Rushmore, for sure, of people that have thrown the Canadian jersey on.”

Fans who chanted the name of Hall of Famer Mario Lemieux during a pregame ceremony shifted to “Crosby! Crosby!” throughout the night and after he set up Marner’s goal 6:06 into 3-on-3 OT.

“As someone who loves to play in environments like that, I grew up a Montreal Canadiens fan, and to have an ovation like that here was really special and something I’ll always remember,” Crosby said.

Crosby and Connor McDavid were among the top skaters on the ice throughout. McDavid picked up the secondary assist on MacKinnon’s goal and was buzzing all over around Swedish defenders.

Brad Marchand also scored for Canada to incite cheers at the home arena of the Canadiens, where the Boston Bruins captain is far more used to being the villain. Of course there were a few boos when his name was announced, too, to keep with tradition.

And Marner, also usually not loved in Montreal because he plays for the rival Toronto Maple Leafs, got to bask in cheers — and the fact that his childhood idol set up the biggest goal of his career.

“You tell 13-year-old Mitch that he scored an overtime goal assisted by Sidney Crosby, the guy he looked up to since day one, it’s pretty crazy,” Marner said. “I really just tried to enjoy the moment after. The building was rocking, and it was nice to have them cheering for me instead of against me.”

Canada at times controlled the play, but goaltender Jordan Binnington struggled at times. Binnington, who had 23 saves, was beaten clean in the second by Jonas Brodin and in the third by Adrian Kempe. He was less at fault on the tying goal to Joel Eriksson Ek with 11 minutes left in regulation and made a spectacular sliding save to deny Mika Zibanejad early in overtime.

Sweden got some big saves in net from Filip Gustavsson, who stopped 24 of the 28 shots he faced and denied MacKinnon four times in OT in a hard-luck loss for the Swedes.

“In overtime there, he had some really good saves, even the whole game,” Brodin said. “He’s an unbelievable goalie and happy for him. He was great for us.”

Winning the first of three round-robin games did come at a cost for Canada, which lost defenseman Shea Theodore to a right wrist or forearm injury in the second period. Cooper said Theodore is out for the rest of the tournament, and Travis Sanheim figures to slot in after being a healthy scratch against Sweden.

That Canada was able to play the remainder of a game that lasted over 65 minutes down to five D-men was a testament to the others at the position.

“In a game like that at that pace, having five defensemen up and down the ice, I can’t say enough about what those guys did right till the end,” Binnington said. “It’s really tough to see Shea go down like that, but it happened and sometimes things happen like that and it’s how you handle it.”

The United States faces Finland in each team’s first 4 Nations game on Thursday night.

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World Cup of Hockey to return in February 2028

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World Cup of Hockey to return in February 2028

MONTREAL — The World Cup of Hockey is returning beginning in February 2028, NHL commissioner Gary Bettman announced Wednesday in a joint news conference with NHLPA executive director Marty Walsh.

Both sides reiterated that they are committed to sending NHL players to the 2026 Winter Olympics in Milan, meaning hockey will return to a cadence of best-on-best international competition every two years — with Bettman calling this month’s 4 Nations Face-Off between the U.S., Canada, Finland and Sweden “a sampler.”

NHL players have not competed in an Olympic Games since 2014. The last World Cup of Hockey was in 2016. Since then, many of the league’s top stars, including Connor McDavid and Auston Matthews, have advocated for the opportunity to represent their countries in the prime of their careers.

“We couldn’t be more excited about making a reality: Olympics, World Cups, Olympics, World Cups on a regular schedule of the best hockey players in the world representing their countries,” Bettman said. “We know the full blown World Cup is going to be sensational.”

Bettman said the league will begin accepting bids on host locations for World Cup of Hockey 2028 soon, and opened the door for European cities to make pitches.

The tournament’s format has yet to be determined, but Bettman anticipates at least eight teams. Unlike the 2016 World Cup of Hockey, there will not be “melded teams” such as Team Europe or a U-23 Team North America, but rather each team will consist of players from one country.

The IIHF is not involved in the tournament, Bettman confirmed, meaning it will be an NHL player-only event and federations cannot tap players competing in European leagues.

The biggest remaining question is whether Russia will be able to field a team. Ever since Russia invaded Ukraine in 2022, the country has been banned from international play in all age categories by the IIHF. Earlier this month, the NHL and IIHF extended that ban through 2025-26, citing security concerns.

The NHL made a similar ruling for the 4 Nations Face-Off, excluding a Russia team that would have fielded some of the league’s top stars such as Alex Ovechkin, Nikita Kucherov, Kirill Kaprizov, Artemi Panarin, Andrei Vasilevskiy and Igor Shesterkin.

Walsh said Russian players have told him they are passionate about returning to the world stage. He also said he has not heard of any other players who said they would not participate in an event if Russia were involved.

“I’d love to see our Russian players playing in these tournaments. Again, they’re incredible hockey players,” Walsh said. “The issues are political and it is not political as far as the NHLPA, it’s the world politics that we have to get through and I’m hoping that as we get closer to the Olympics, as we get closer to the World Cup, we will start seeing the Russian athletes back in the competition.”

NHL deputy commissioner Bill Daly told ESPN earlier this season that on the issue of Russia, the NHL often follows the lead and stays aligned with other international governing bodies. When asked what it would take for Russia to be involved in future events, Daly said: “I think the current status quo has to change and it has to change in a material way.”

The joint World Cup of Hockey announcement was yet another mark of an improved relationship between the NHL and NHLPA, which will soon begin formal negotiations on a new collective bargaining agreement.

The current CBA expires in September 2026, but Bettman said he remains “more than optimistic” that there are not major issues to iron out, and that a new agreement could be announced as soon as this summer.

“All international competition that we do with NHL players is a joint collaboration and partnership with the Players Association,” Bettman said. “We now have a partner since Marty has been at the Players Association that has put us in a position collectively to execute these types of events, make these decisions for the long term. That hasn’t always been the case.”

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Team USA tabs Hellebuyck as starting goalie

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Team USA tabs Hellebuyck as starting goalie

MONTREAL — Connor Hellebuyck will start for Team USA when they begin play at the 4 Nations Face-Off against Finland on Thursday.

The United States officially named Hellebuyck their No. 1 following Wednesday’s practice — a mammoth session that lasted well over an hour.

Hellebuyck was projected to get the call in net, with Jake Oettinger and Jeremy Swayman vying for roles as his backup. The Winnipeg Jets goaltender is the NHL’s reigning Vezina Trophy winner and on track to potentially earn a second straight — and third overall — trophy on the strength of another excellent campaign.

Hellebuyck leads the NHL in wins — with a 34-7-2 record on the season — and paces NHL starters with a .925 save percentage and 2.06 goals-against average. His elite play has been a decisive factor in Winnipeg’s emergence as the NHL’s top team with 81 points and a 39-14-3 record going into the 4 Nations break.

When the U.S. squares off with Finland, it will be Juuse Saros opposite Hellebuyk in net. Finnish coach Antti Pennanen confirmed Saros would get the call after Wednesday’s final workout. The Nashville Predators netminder is 11-23-6 this season with an .899 save percentage and 2.95 goals-against average behind his struggling team, which owns the NHL’s third-worst record (19-28-7).

Canada previously named Jordan Binnington its starting goaltender for Wednesday’s opening matchup for Sweden, who will have Linus Ullmark in net. The 4 Nations tournament round-robin play will continue in Montreal through Saturday before the event flips over to Boston for a final slate of games.

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