Inventory Levels Start to Wane, Reductions Continue to Rise
Having hit its seasonal peak and an absolute 8-year high last week, which shouldn’t have caught any plugged-in readers by surprise, the number of homes on the market in San…
More Cuts for Luxury Condos Already Listed at a Loss
Purchased from the sales office for $1.57 million in February of 2016, the 993-square-foot, one-plus-bedroom unit #8J atop the Lumina plaza building at 333 Beale Street returned to the market…
Apples-to-Apples for a Modern Potrero Hill View Home
Purchased for $3.425 million in June of 2016, the renovated Potrero Hill home at 779 Wisconsin Street features “breath-taking views from every floor,” with an open concept main floor, four…
Asking Rents Tick up in Oakland, Slip in San Francisco
The weighted average asking rent for an apartment in San Francisco, including one-off rentals as well as units in larger developments, slipped another (1) percent over the past month with…
Pace of New Home Sales in the U.S. Slips, Median Price Drops
Having rebounded a downwardly revised 5.4 percent in August, the pace of new single-family home sales in the U.S. slipped 0.7 percent in September to a seasonally adjusted rate of…
Mortgage Rates Tick Up, Rate Cut Nearly Certain
Having jumped 12 basis points last week, the average rate for a 30-year mortgage has since ticked up another 6 basis points and now measures 3.75 percent. That being said,…
Competition for an Office Space Allocation in SF is Heating Up
With over 2 million square feet of new office development having recently been approved and granted a coveted allocation from San Francisco’s bank of allowable “Large Cap” office development, the…
Apples-to-Apples on the Edge of Pacific Heights
Set back from street with a protected rear deck, “ideal for everyday living & entertaining,” the 1,463-square-foot, top floor condo at 2243 Franklin Street, on the edge of Pacific Heights,…
Home Sales in San Francisco Poised to Drop, Again
Having dropped 9.0 percent on a year-over-year basis in August, recorded home sales in San Francisco are poised to drop again in September. And that’s despite the fact that September…
Office Vacancy Rate in Oakland Ticks Up, But…
The vacancy rate for East Bay office space around Oakland has ticked up from 9.5 percent at the beginning of the year to 11.9 percent today, driven by the delivery…