CFAH

Refined Plans for That Supersized Telegraph Hill Development

Refined Plans for That Supersized Telegraph Hill Development

The refined plans for a supersized, 10-story building to rise up to 94 feet in height, or 108 feet in height when accounting for a 14-foot-tall mechanical penthouse and “terrace lobby,” upon the parking garage parcel at 955 Sansome Street, at the base of Telegraph Hill, will be presented... Read More »

Benchmark Mortgage Rate Jumps Back Over 5 Percent

Benchmark Mortgage Rate Jumps Back Over 5 Percent

Having dropped under 5 percent for the first time in four months last week, driven by an “increased risk of a formal recession and declining consumer confidence overall,” the average rate for a benchmark 30-year mortgage has since jumped 23 basis points (0.23 percentage points) to 5.22 percent. With... Read More »

Landmark Doelger Building Listed for $1.5M!

Landmark Doelger Building Listed for $1.5M!

Having been listed for $8 million near the end of 2019, relisted for $7.45 million last year, and then reduced three times, down to $5.16 million last October, the landmarked Art Deco building with a Streamline Modern addition at 320-326 Judah Street, which was built for the San Francisco... Read More »

Purchase Mortgage Activity Ticks Down Despite Lower Rates

While mortgage loan application volume in the U.S. inched up 0.2 percent on a seasonally adjusted basis over the past week overall, driven by a 4 percent increase in the volume of applications to refinance, purchase mortgage activity ticked down another one (1) percent on a seasonally adjusted basis,... Read More »

Bonus-Sized Development Approved, Seeking a Buyer to Build

Bonus-Sized Development Approved, Seeking a Buyer to Build

Having been entitled last month, the supersized plans for a 50-unit development to rise up to 65 feet in height on the shuttered Mission District garage site at 1721 15th Street has now joined the growing list of approved developments across the city for which a buyer is being... Read More »

Over 40% More Sub-Million Dollar Homes on the Market in SF

While the net number of condos and single-family homes listed for sale in San Francisco (1,160) ticked down 2 percent over the past week, as is typical for the first week of August, there are still over 30 percent more homes on the market than there were at the... Read More »

Another Fully-Approved, Unbuilt Development Hits The Market

Another Fully-Approved, Unbuilt Development Hits The Market

While plans to raze the shuttered Schwarz/Home/Engelhart sausage outlet at 1726-1730 Mission Street and develop a six-story building upon the Mission District site were approved back in 2017, and building permits for the project were approved and issued the next year, the ground has yet to be broken. As... Read More »

Benchmark Mortgage Rate Plunges Back Under 5 Percent

Benchmark Mortgage Rate Plunges Back Under 5 Percent

Despite the Fed’s recent rate hikes, the average rate for a benchmark 30-year mortgage had plunged from 5.81 to 4.99 percent over the past six weeks, including a 31 basis point (0.31 percentage point) drop over the past week alone, driven by an “increased risk of a formal recession... Read More »

Surreptitious Plans to Fell The Royal Oak

Surreptitious Plans to Fell The Royal Oak

Opened in 1975 and shuttered by the pandemic, the Royal Oak bar and two-story building at 2201 Polk Street, on the northwest corner of Polk and Vallejo, hit the market listed for $8.5 million last year. While the Royal Oak doesn’t appear to have sold, or at least closed... Read More »

Asking Rents in San Francisco Jump, Poised to Rise

Asking Rents in San Francisco Jump, Poised to Rise

Having hit $3,575 at the end of June, the weighted average asking rent for an apartment in San Francisco has since jumped another 5 percent to $3,750 a month, which is still 11 percent higher than at the same time last year, which is unchanged from June, but nearly... Read More »