Having hit $3,500 at the end of May, the weighted average asking rent for an apartment in San Francisco has since ticked up another 2 percent to $3,575 a month, which is 11 percent higher than at the same time last year and 17 percent ($525) above last year’s... Read More »
Having failed to sell at auction and survived a foreclosure scare, plans to entitle a bigger-than-bonus-sized tower to rise on the former National Guard armory turned parking garage site at 819 Ellis Street are progressing. While conceptual plans for a 13-story tower to rise up to 135 feet in... Read More »
Purchased in an off-market sale for $4.988 million or roughly $1,136 per square foot in March of 2019, the “masterfully remodeled,” 4,390-square-foot Noe Valley home at 2430 Castro Street returned to the market listed for $5.898 million earlier this month having been redecorated but not newly remodeled or further... Read More »
Mortgage loan application volume in the U.S., which dropped to a 22-year low a few weeks ago, inched up 0.7 percent over the past week on a seasonally adjusted basis. In the absolute, however, mortgage application volume dropped 20 percent, driven by a 21 percent drop in applications to... Read More »
Having jumped a downwardly revised 4.3 percent in March, 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 up 2.2 percent in April for a year-over-year gain of 22.9 percent versus... Read More »
Having dropped 3.9 percent in April to a near decade low, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, inched back up 0.7 percent in May to 99.9 but was down 13.6 percent on a... Read More »
Despite a slowdown in the number of homes that have been newly listed for sale over the past month, the net number of homes on the market in San Francisco, a.k.a “inventory,” has increased by double digits as the pace of sales has declined even more. As such, there... Read More »
As we outlined back in 2012, the 7,138-square-foot home at 15 Buena Vista Terrace was built on a double lot with panoramic views and luxury finishes throughout. Think Poggenpohl, Gaggenau and Carrara marble counters in the kitchen on the main floor, with a (now) 1000-bottle wine cellar, gym and... Read More »
Having dropped 12.0 percent in April, the seasonally adjusted pace of new single-family home sales in the U.S. increased 10.7 percent in May to an annualized rate of 696,000 sales. That being said, the pace of new home sales last month was down 5.9 percent on a year-over-year basis... Read More »
Having inched up another 3 basis points (0.03 percentage points) over the past week to 5.81 percent, which is the highest average 30-year mortgage rate since November of 2008, the benchmark mortgage rate is now above its 30 year average for the first time in over two decades and... Read More »
“As the radical supreme court continues with their goose-stepping, I predict west coast and east coas...” [more]
“So when they do these car to casas ideas who is investing in the already overburdened transit system...” [more]
“That depends on other factors like the existence of light wells or high ceilings. Much of SF's old ...” [more]
“Now do bitcoin! (The point is that we have to put our money somewhere. Is a house better or worse...” [more]
“UPDATE: Bigger Than Bonus-Sized Plans for Parking Garage Site...” [more]
“Theater rooms are awesome. My sister (in LA) has a theater room and her old place did as well. My ki...” [more]
“UPDATE: 27500 La Vida Real, which remains on the market, has been relisted anew for $39,998,000....” [more]
“I find the building interesting. I wonder if they are positioning themselves to be purchased along ...” [more]
“I don't doubt one of that guy's private school teachers said something like that. I question the wis...” [more]
“would it be more housing friendly? Why?...” [more]