Decline in U.S. Home Sales Is Accelerating, Median Price Drops
Having dropped 5.4 percent in June, the seasonally adjusted pace of existing-home sales across the U.S. dropped another 5.9 percent in July to an annual rate of 4.81 million sales,…
Purchase Activity for New Homes in the U.S. Continues to Drop
Despite the fact that the number of new homes on the market across the U.S. is over 30 percent higher than at the same time last year, with the most…
Another High-End Redevelopment and DUM Problem at Hand
Purchased as a two-unit building with a “bonus room” on the ground floor for $2.7 million in November of 2017, permits to remodel and expand the Lake District property at…
Bay Area Employment Nearly Back to Its Pre-Pandemic Count
Having slipped in June, the net number of people living in San Francisco with a paycheck increased by 9,800 in July to 564,200. As such, there are not only 42,300…
Index Versus Reality for a Modern Noe Valley Home
Purchased for $2.935 million in October of 2017, the 3,000-square-foot home at 564 Valley Street, a modern four-bedroom, open plan home with a two-car garage, multiple open spaces, including a…
Mortgage Applications Drop with Rapidly Drying Up Demand
Having inched up 0.2 percent on a seasonally adjusted basis last week, mortgage loan application volume in the U.S. has since dropped 3.0 percent in the absolute or 2.3 percent…
Plans to Preserve Historic Garage and Site Zoned for More Height
As we outlined a few years ago when the two-story garage on the northwest corner of Franklin and Pine, which had been identified as “one of the best examples of…
Number of Homes for Sale in San Francisco Drops, But…
Having hit a seasonal peak last month, which shouldn’t have caught any plugged-in readers by surprise, the net number of homes on the market in San Francisco (i.e., inventory) has…
Refined Plans for That Supersized Telegraph Hill Development
The refined plans for a supersized, 10-story building to rise up to 94 feet in height, or 108 feet in height when accounting for a 14-foot-tall mechanical penthouse and “terrace…
Benchmark Mortgage Rate Jumps Back Over 5 Percent
Having dropped under 5 percent for the first time in four months last week, driven by an “increased risk of a formal recession and declining consumer confidence overall,” the average…