Asking Rents in San Francisco and Oakland Slip, Inventory Up
The weighted average asking rent for an apartment in San Francisco ticked down another (1) percent in October to $3,690 per month and has now ticked down for two months…
Price Cuts Continue to Tick Up in San Francisco
Having peaked a few weeks ago at an effective 12-year high, the net number of homes on the market in San Francisco (i.e., inventory/supply) has since ticked down 1 percent…
Apples To Apples
Design & Architecture
Listings (for sale)
Neighborhoods
RealRecentReductions
Trends
Million Dollar (Plus) Price Cut for a Modern Day Classic Home
Designed by Bruce E. Heiser, built in 1970 and since “transformed into a modern day classic,” the 4,057-square-foot West Clay Park home at 164 24th Avenue, which features a mid-century…
Benchmark Mortgage Rate Surpasses 7 Percent
Having hit a 20-year high of 6.92 percent two weeks ago, the average rate for a benchmark 30-year mortgage has since ticked up another 16 basis points (0.16 percentage points)…
Purchase Mortgage Activity Down Over 40 Percent, Locally Too
Having dropped to a 25-year low last week, mortgage loan application volume in the U.S. has since ticked down another 2 percent, driven by a 3 percent drop in purchase…
Pace of New Home Sales Drops Despite Inventory Gains
Having bounced in August, the seasonally adjusted pace of new single-family home sales in the U.S. dropped 10.9 percent in September to an annualized rate of 603,000 sales, which is…
Breaking News
Bubble (Or Not)
East Bay
Industry Stuff
Marin (And Points North)
Real Estate Economics
San Jose (And South)
Trends
Drop in Bay Area House Values Is Really Accelerating
Having dropped 3.5 percent in July, 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…
Bernal Heights Dwelling Appreciated 1.5 Percent per Year
As we highlighted last month: Purchased for $1.5 million in November of 2013, the 1,253-square-foot Dwell-ing at 330 Banks Street resold for $1.7 million in February of 2017, representing total…
Office Vacancy Rate in Oakland’s City Center Ticks Over 33%
Having ticked down from 18.1 percent at the end of last year to 16.3 percent three months ago, the office vacancy rate in the East Bay, not including Walnut Creek…
Nearly 40 Percent of Active Listings in S.F. Have Been Reduced
While the net number of homes on the market in San Francisco (i.e., inventory) is holding at an effective 12-year high, having peaked a few weeks ago, as projected, the…