Asking Rents in San Francisco and Oakland Drop, Listings Up

Asking Rents in San Francisco and Oakland Drop, Listings Up

Having already started to slip earlier this year, prior to the COVID-19 hit, the weighted average asking rent for an apartment in San Francisco dropped around 2 percent in March to $4,000 a month, which is around 1 percent lower on a year-over-year basis and 10 percent below its... Read More »

San Francisco’s Planning Commission About to Reconvene

While the Planning Department’s offices are currently closed to the public, the Department remains open for business and processing applications with its staff (mostly) working from home. And next week, San Francisco’s Planning Commission will reconvene as well, with a full agenda and the commissioners participating via video conferencing... Read More »

Dolores Heights View Home’s Value Dropped 11 Percent

Dolores Heights View Home’s Value Dropped 11 Percent

As we first outlined back in October of last year: Joining the ranks of newly reduced homes is 4085 20th Street, a modern 3,720-square-foot Dolores Heights home perched above Dolores Park, with “breathtaking views” from each of its three levels, “outstanding craftsmanship, thoughtful design and ethereal beauty,” and a... Read More »

First 30-Year Rate “Inversion” Since 2009

First 30-Year Rate “Inversion” Since 2009

In a move which shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30-year mortgage has dropped another 17 basis points over the past week for an average rate of 3.33 percent, which is now 75 basis points (0.75 percent) below its mark at the... Read More »

Listing in the Red at BLU

Listing in the Red at BLU

Listed as “an outstanding investment opportunity” back in August of 2017, unit #10C at 631 Folsom Street (a.k.a. BLU) – a “premium 2 bedroom, 2 bathroom condo with great light and an open floor plan…premium-grade finishes in the modern chef’s kitchen and…spa-like bathrooms,” as well as a deeded parking... Read More »

Explicit Changes to Local Stay-at-Home Orders

Explicit Changes to Local Stay-at-Home Orders

In addition to extending the existing ‘stay-at-home’ order for Alameda, Contra Costa, Marin, San Francisco, San Mateo and Santa Clara counties through May 3, 2020, the revised order explicitly tightens its restrictions in five significant ways (including the shuttering of non-essential construction projects, which includes hotels): (1) When people... Read More »

Index for Bay Area Home Values Started the Year With a Slip

Index for Bay Area Home Values Started the Year With a Slip

Having ended last year up 2.1 percent on a year-over-year basis but 1.3 percent below peak, 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 – slipped another 0.5 percent in January, which... Read More »

Bay Area ‘Stay-at-Home’ Order Extended to May

Bay Area ‘Stay-at-Home’ Order Extended to May

The “stay-at-home” order which was issued for the Bay Area on March 16, and was tentatively slated to remain in place until April 7, is proactively being extended to “at least” May 1.  The official announcement will be made tomorrow (3/31). Per the terms of the original order, which... Read More »

Inventory Levels and Sales Continue to Drop in San Francisco

Having plummeted 40 percent last week, the number of homes on the market in San Francisco has since dropped another 14 percent to 390, which isn’t zero but is 37 percent fewer than at the same time last year, driven by a combination of listings being withdrawn from the... Read More »

Pending Home Sales Activity in the U.S. Was Up Last Month

Pending Home Sales Activity in the U.S. Was Up Last Month

Having rebounded 5.2 percent in January, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, ticked up another 2.4 percent in February to 111.5, which was 9.4 percent above its mark at the same time last... Read More »