CFAH

Purchase Mortgage Activity Drops Despite Decline in Rates

Despite a drop in the average 30-year mortgage rate to a 4-month low, the seasonally adjusted volume of applications to secure a purchase mortgage loan for a home in the U.S. dropped 10 percent last week, pushing the year-over-year decline in purchase activity back over 40 percent, according to... Read More »

A Modern Day Classic Fetches Nearly $800K Less

A Modern Day Classic Fetches Nearly $800K Less

Built in 1970 and since “transformed into a modern day classic,” the 4,057-square-foot West Clay Park home at 164 24th Avenue, which features a mid-century modern vibe and ethos, with some beautiful woodwork, a retractable central skylight and views of the Golden Gate Bridge from the home’s main bedroom... Read More »

Index for Bay Area Homes Has Dropped Over 14%, Down YOY

Index for Bay Area Homes Has Dropped Over 14%, Down YOY

The S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – ticked down another 1.6 percent in November.  As such, the “San Francisco” index has dropped over 14 percent since last May. And as... Read More »

Redevelopment of “Junky” Nob Hill Theater Closer to Reality

Redevelopment of “Junky” Nob Hill Theater Closer to Reality

Purchased by a doctor for $2.7 million in 2018 and subsequently shuttered, the revised plans for redeveloping the iconic Nob Hill “Touch our Junk” Theater at 729 Bush Street, which had operated as a gay night club and male porn venue for 50 years, were conditionally approved last month.... Read More »

Listed Inventory Levels Tick Up

As expected, the net number of condos and single-family homes listed for sale in San Francisco ticked up another 7 percent over the past week and is poised to climb, with inventory levels 20 percent higher than at the same time last year, including 50 percent more single-family homes,... Read More »

Bay Area Population Revised Down, S.F. Shrank the Most

Bay Area Population Revised Down, S.F. Shrank the Most

Having just been revised down, the estimated population of San Francisco proper decreased by 4,356 from July of 2021 (838,402) to July of 2022 (834,046) and is down by 36,084 or 4.1 percent since July of 2020, representing the largest percentage decline in population across all nine Bay Area... Read More »

Pace of New Home Sales Down Over 26 Percent

Pace of New Home Sales Down Over 26 Percent

While the seasonally adjusted pace of new single-family home sales in the U.S. ticked up 2.3 percent last month to an annualized rate of 616,000 sales, the pace was 26.6 percent lower than at the end of 2021, 34.7 percent lower than at the end of 2020 and 15.7... Read More »

Updated Top Chef Home Back on the Market

Updated Top Chef Home Back on the Market

Having staved off a foreclosure sale by way of a bankruptcy filing in 2017 and then sold for $3.7 million in early 2018, the very first ‘Top Chef’ home at 3159 Baker Street in San Francisco has since been “updated” a bit, including a refresh of its kitchen. And... Read More »

Office Vacancy Rate in Oakland’s City Center Ticks Over 34%

Office Vacancy Rate in Oakland’s City Center Ticks Over 34%

The office vacancy rate in the East Bay, not including Walnut Creek or further east, ticked up to 18.4 percent at the end of last year, roughly double the vacancy rate prior to the pandemic. In addition to 4.9 million square feet of un-leased space, the current vacancy rate... Read More »

Number of Homes for Sale in San Francisco Poised to Climb

Number of Homes for Sale in San Francisco Poised to Climb

The net number of condos and single-family homes listed for sale in San Francisco has started its seasonal climb, ticking up a little over 21 percent over the past two weeks and poised to climb. As such, listed inventory levels are starting the year around 20 percent higher than... Read More »