Refinancing Activity Hits a 6-Month Low
With refinancing activity having dropped to a six-month low, and currently down 13 percent on a year-over-year basis, versus 100 percent higher just two months ago, mortgage loan application volumes…
Muted Appreciation for the Ghirardelli Mansion
Purchased for $4 million in late 2012, the 6,500-square-foot Piedmont mansion at 636 Highland Avenue, which was built for the Ghirardelli family in the early 1900’s, resold for $4.65 million…
Pace of New Home Sales in the U.S. Drops Over 18 Percent
Having ticked up 3.2 percent in January, the seasonally adjusted pace of new single-family home sales in the U.S. dropped 18.2 percent last month to an annualized rate of 775,000…
Pace of Home Resales in the U.S. Takes a Real Hit
Having inched up in January, the seasonally adjusted pace of existing-home sales across the U.S. dropped 6.6 percent last month to an annual rate of 6.22 million sales, which is…
Number of Homes for Sale in San Francisco Holds
While the number of single-family homes and condos on the market in San Francisco (930) is suddenly twice as high as it was at the same time last year, the…
Bonus-Sized Polk Street Project Revised, Nearly Permitted
Having been entitled by Planning last year, the plans for an 8-story building to rise up to 80 feet in height on the Out of the Closet site on the…
Modern Infill on the Boards, Slated for Approval
Purchased for a breathless “$1,700 per square foot,” or “$1.65 million for a tear down(!),” in the third quarter of 2019, plans to raze the uninhabitable 950-square-foot Portola District home…
Mortgage Rates Continue to Inch Up
While the Fed has just affirmed its intentions to maintain a low rate environment through 2023, the average rate for a benchmark 30-year mortgage, which inched over 3 percent for…
Rents in San Francisco Are Not on the Rise, at Least Not Yet
Despite some recent misreports in the media, apartment rents in San Francisco haven’t started to rebound, at least not yet. In fact, the weighted average asking rent for an apartment…
The Numbers Behind the Lease Up of New Below Market Units
Nearly 7,000 applications (6,849) were received for the 108 Below Market Rate (“BMR”) rental units in the new 537-unit development at 500 Folsom Street, on Transbay Block 9, which was…