Benchmark Mortgage Rate Slipped Under 7 Percent, But…
The average rate for a benchmark 30-year mortgage ticked down 13 basis points over the past week to 6.95 percent, slipping back under 7 percent but still 125 percent higher…
Foreshadowing Shrinkage for That Wall of Townhomes
As we first reported earlier this year, plans for a wall of ten townhomes to rise on the 3,571-square-foot lot at 1151 Washington Street, adjacent to the Betty Ong Recreation…
Refinancing Still Represents a Third of New Mortgage Activity
Having inched down another half a percent over the past week, mortgage loan application volume in the U.S. is holding at a 25-year low, with applications to refinance down 85…
Damn Those Meddling Neighbors and Their Pesky Complaints
Purchased by a trust tied to a mid-sized developer for $2.555 million this past July, a permit for some relatively minor foundation work, along with the addition of a new…
Pending Home Sales in S.F. Down Over 40 Percent YOY
While the net number of homes on the market in San Francisco (i.e., inventory/supply) has been up an average of 24 percent on a year-over-year basis over the past three…