Asking Rents in San Francisco Drop Even More, Listings Double
The weighted average asking rent for an apartment in San Francisco has now dropped to $3,825 a month. While that’s not exactly cheap, it’s nearly 7 percent ($275) cheaper than…
Reductions on the Rise
The percentage of homes on the market in San Francisco which have undergone at least one official price reduction is currently running around 21 percent, which is six (6) percentage…
Pace of Existing-Home Sales Down Nearly 30 Percent Nationwide
Having plummeted nearly 18 percent in April, the seasonally adjusted pace of existing-home sales across the U.S. dropped another 9.7 percent in May to an annual rate of just 3.91…
Number of Homes on the Market in S.F. Continues to Climb
Having hit a 9-year high in the absolute last week, the number of homes on the market in San Francisco has continued to climb and now totals 1,140, representing 60…
Bay Area Unemployment Rate Drops with Labor Force Decline
Based on employment data through the second week of May, the estimated number of San Francisco residents with a paycheck has dropped by over 92,000 over the past three months…
Impact of Modern Infill Development Challenged
The “necessary, desirable, and compatible” plans for a decidedly modern infill development of four little single-family dwellings to rise up to 20 feet in height on the undeveloped “flag lot”…
Benchmark Mortgage Rate Drops to a New All-Time Low
As we noted last week, while the average rate for a benchmark 30-year mortgage had inched up to 3.21 percent, there weren’t any hikes on the horizon. And in fact,…
Waylaid RFP for Temporary Terminal Site About to Be Released
Waylaid by the emergency closure and required fix of San Francisco’s new Salesforce/Transbay Transit Center, a refined request for proposals (RFP) to build around 250 units of below market rate…
Another Prominent Gas Station Site in Play, But…
With building permits for the approved six-story, 186-unit development to rise on the Divisadero Touchless Carwash site next door having been requested and triaged, the 12,000-square-foot ARCO station site on…
Most Homes on the Market in San Francisco in Nine Years
While the number of homes newly listed for sale in San Francisco having outpaced the number of purchase contracts that were inked for the ninth week in a row, there…