CFAH

Permits for Major NoPa Development Close to Being Secured

Permits for Major NoPa Development Close to Being Secured

A permit to raze the fenced off Divisadero Touchless Carwash building, the interior of which is in the process of being stripped, and the shuttered Shell station on the northeast corner of Divisadero and Oak has been requested and is close to being approved. At the same time, a... Read More »

Over 500,000 Bay Area Jobs Have Been Recovered, But…

Over 500,000 Bay Area Jobs Have Been Recovered, But…

Having increased by 6,300 in November, the net number of people living in San Francisco with a paycheck ticked up by 2,600 in December to 549,400, dropping the local unemployment rate to 3.0 percent with 42,700 more employed residents in the city than there were at the end of... Read More »

Pace of Existing Home Sales in the U.S. Drops

Pace of Existing Home Sales in the U.S. Drops

Having ticked up 1.9 percent in November, the seasonally adjusted pace of existing-home sales across the U.S. dropped 4.6 percent in December to an annual rate of 6.18 million sales, which was 7.1 percent lower than the year before and the fifth straight month with a year-over-year decline, according... Read More »

Purchase Activity for New Homes in the U.S. Down, Inventory Up

Despite the fact the number of new homes on the market across the country was at a 13-year high in November, and inventory levels were 39 percent higher than the year before, mortgage application activity to purchase said homes dropped 5 percent in December and was down 7.1 percent... Read More »

Benchmark Mortgage Rate Keeps Climbing, Nearing a 2-Year High

Benchmark Mortgage Rate Keeps Climbing, Nearing a 2-Year High

Having hit a 22-month high last week, the average rate for a benchmark 30-year mortgage has since ticked up another 11 basis points (0.11 percentage points) to 3.56 percent, which is 77 basis points or nearly 30 percent higher than at the same time last year and within 9... Read More »

14-Story Hayes Valley Development Slated for Approval

14-Story Hayes Valley Development Slated for Approval

The refined plans for a 14-story building to rise up to 145 feet in height upon the two Hayes Valley parking lot parcels at 600 McAllister Street, which includes the former Central Freeway Parcel D on the northwest corner of McAllister and Franklin, have just qualified for a streamlined... Read More »

Number of Homes on the Market in S.F. Is Ticking Up

Number of Homes on the Market in S.F. Is Ticking Up

Despite some industry misanalysis making the rounds at the end of last year, the net number of homes on the market in San Francisco has jumped 27 percent over the past two weeks with typical seasonality in play and pending sales in the city having dropped to a 19-month... Read More »

Formal Investigation Upends Local Favoritism Report

Prompted by a two-part hit piece published by Mission Local, a formal investigation by the City Attorney’s Office into alleged favoritism by the Interim Director of San Francisco’s Department of Building Inspection (DBI), Patrick O’Riordan, has found no evidence of favoritism by O’Riordan; determined that O’Riordan has “impartially enforced... Read More »

Wagging the Dog on Potrero Hill

Wagging the Dog on Potrero Hill

Owned by the owners and operators of the adjacent Il Pirata Bar & Restaurant on 16th Street, the derelict 2-story Potrero Hill home at 312 Utah Street, which had been boarded up for a decade, was sold for $1,060,000 in March of 2018 and then demolished by way of... Read More »

Renovated Beaux-Arts Beauty Trades for Millions Less

Renovated Beaux-Arts Beauty Trades for Millions Less

As we outlined back in August of last year: Purchased for $9.75 million in August of 2016, the interior of the fully renovated Nob Hill home at 1230 Sacramento Street has since been made over by Jonathan Adler, blending “the timeless and elegant original architectural details” of the Beaux-Arts... Read More »