CFAH

Out of the DUM Frying Pan and Into the Fire

Out of the DUM Frying Pan and Into the Fire

Marketed as a single-family home, with a central internal staircase connecting the two units of the redeveloped Dolores Heights duplex at 3790-3792 21st Street, a connection which would have constituted an unpermitted merger of the units, a site visit by a senior member of the City’s Planning Department revealed... Read More »

New Home Sales Were Down at the End of 2021, Inventory Up

New Home Sales Were Down at the End of 2021, Inventory Up

While the seasonally adjusted pace of new single-family home sales in the U.S. increased 11.9 percent from November to December, the annualized rate of 811,000 transactions was down 14.0 percent on a year-over-year basis. And as we noted last week, mortgage application activity to purchase a new home was... Read More »

Purchase Mortgage Activity in the U.S. Down YOY

Mortgage loan application volumes to purchase a home in the U.S. ticked up 5 percent over the past week but were down 2 percent on a seasonally adjusted basis and 11 percent lower than at the same time last year, according to the Mortgage Bankers Association. And while the... Read More »

Approval for Supersized Potrero Hill Infill Building Sought

Approval for Supersized Potrero Hill Infill Building Sought

The refined plans for a modern four-story building, with 59 condos over 3,400 square feet of new Production, Distribution, and Repair (PDR) space and a basement garage for 44 cars to rise on the southeast corner of Mariposa and Pennsylvania were approved in 2017, permits were issued in 2018,... Read More »

Index for Bay Area House Values Decelerates, Condo Index Slips

Index for Bay Area House Values Decelerates, Condo Index Slips

Having held in October, 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 – inched up 0.6 percent in November for a year-over-year gain of 18.2 percent, which was down 3.7 points from... Read More »

San Francisco Law Prohibiting Egregious Rent Increases Upheld

San Francisco Law Prohibiting Egregious Rent Increases Upheld

Section 37.10B of San Francisco’s Rent Ordinance, which defines Tenant Harassment, was amended in January of 2019 to prohibit landlords from attempting to circumvent eviction controls for non-rent controlled units in the city by way of a punitive or egregious increase in rent that is “imposed with an intent... Read More »

Plans for Condos to Rise on Iconic Bathhouse Site

Plans for Condos to Rise on Iconic Bathhouse Site

Plans to raze the recently shuttered Eros bathhouse building at 2051 Market Street, which was sold for $3.6 million in September of 2020, are in the works. And if entitled, a 7-story residential building could rise up to 85 feet in height upon the Market Street site. As designed... Read More »

Rents in San Francisco Tick Up, Inventory Follows

Rents in San Francisco Tick Up, Inventory Follows

Having ended last year 8 percent higher than the year before, the weighted average asking rent for an apartment in San Francisco has since ticked up 2.6 percent to $3,400, which is 10 percent higher than at the same time last year but still 17 percent ($700) lower than... Read More »

Listings Tick Up in San Francisco with Typical Seasonality in Play

The number of homes on the market in San Francisco, net of all new pending and closed sales, ticked up another 13 percent over the past week to 660. As such, while listed inventory levels are still around 30 percent lower than they were in January of last year,... Read More »

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 »