Index for Bay Area House Values Jumped in March
Having increased 3.7 percent in February, 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…
Pace of Home Sales in San Francisco Continues to Drop
Having slipped in April, representing an atypical decline in activity in the midst of the traditional spring buying/selling season, the number of single-family homes and condos in contract across San…
Average Asking Rent in S.F. Back Up to $3,500 a Month, But…
The weighted average asking rent for an apartment in San Francisco ticked up another 2 percent in May to $3,500 a month. As such, the average asking rent in the…
30-Year Rate Inches Down, 5-Year ARMs Hit a 12-Year High
Having hit 5.30 percent two weeks ago, representing a 670-week high, the average rate for a conforming 30-year mortgage has since ticked down 20 basis points (0.2 percentage points) to…
Pending Home Sales in the U.S. Are Nearing a Decade Low
Having ticked down 1.2 percent in March, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped…
Storied Venue Further Reduced Below Replacement Cost
As we outlined back in September of 2019: Built for an Italian men’s club in 1919, complete with a gym, boxing ring, and private social/supper club space, the ornate “Garibaldi…
Mission District Infill Development Slated to Be Entitled
The refined plans for a six-story building with 18 condos over a ground floor commercial space to rise on the Mission District parcel at 2955 Mission Street, upon which a…
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Nob Hill Project Site Hits the Market Touting Compound Potential
As we outlined earlier this year, an application to entitle the development of a modern 7-story, 24-unit building upon the Nob Hill corner parcel currently occupied by two single-family homes,…
Pace of New Home Sales Plunges, Inventory Hits a 12-Year High
Having dropped a downwardly revised 10.5 percent in March, the seasonally adjusted pace of new single-family home sales in the U.S. fell another 16.6 percent in April and has plunged…
Number of Homes for Sale in San Francisco Climbs
With the pace of home sales in San Francisco having been down around 15 percent on a year-over-year basis over the past month while listing activity is up, the net…