As we revealed earlier this year, a team was exploring the possibility of demolishing the Thirsty Bear Brewery building at 661 Howard Street and developing a bonus-sized residential tower rising over 250 feet in height on the skinny site with the idea of overhanging the two adjacent buildings at... Read More »

With the benchmark 30-year mortgage rate nearing a 20-year high, mortgage loan application volume plummeted over 14 percent last week, with a 13 percent drop in applications to purchase a home, both in the absolute and on a seasonally adjusted basis. And with last week’s plummeting, purchase mortgage application... Read More »

The total number of units in San Francisco’s housing pipeline, including affordable units that are slated to be rebuilt, hit a record high of over 80,000 in the first quarter of this year, according to our queries of Planning’s databases as mapped and distributed above. In addition to around... Read More »

Driven by a slowdown in new listing activity versus an uptick in the pace of sales, the net number of homes on the market in San Francisco, which is currently 20 percent higher than at the same time last year and 45 percent higher than prior to the pandemic,... Read More »

Back in 2014, two-bedroom units in the Linea building at 8 Buchanan were being flipped for six figures more than their original contract prices mere months after the building opened, which isn’t uncommon when values are actually going up. Purchased for $1.2 million in April of 2014, the 989-square-foot,... Read More »

Purchased for $1.5 million in November of 2013, the 1,253-square-foot Dwell-ing at 330 Banks Street resold for $1.7 million in February of 2017, representing total appreciation of 13.3 percent over those three and a quarter years on an apples-to-apples basis, despite the “short term hold” and the property being... Read More »

As we first reported last year, the preliminary plans for a 575-foot-tall, 623-unit apartment tower to rise on the South of Market parcel at 620 Folsom Street hadn’t raised any red flags or Code issues that couldn’t be overcome if the State’s Density Bonus Law was invoked. In fact,... Read More »

The average rate for a benchmark 30-year mortgage jumped another 41 basis points (0.41 percentage points) over the past week to 6.70 percent, an average rate which is 123 percent higher than at the same time last year, 153 percent above last year’s all-time low, and the highest average... Read More »

As we outlined back in April: Purchased for $2.4 million in September of 2018, the two-bedroom, two-bath unit #40E near the top of the Infinity tower at 338 Spear Street, a 1,588-square-foot unit which features an open floor plan, large bedroom suite, two private decks, panoramic views and a... Read More »

Having dropped a downwardly revised 8.6 percent in July, the seasonally adjusted pace of new single-family home sales in the U.S. jumped 28.8 percent in August to an annualized rate of 685,000 sales, which is effectively even with the pace of sales at the same time last year but... Read More »