July 2023 – Page 2 – SocketSite™

Breaking News East Bay Industry Stuff Marin (And Points North) Real Estate Economics San Jose (And South) Trends

Bay Area Employment Drops, Trending Down

July 21, 2023

Having slipped in April and ticked down in May, the number of San Francisco residents with a job dropped by 2,000 to 557,400 in June. As such, there are still…

Industry Stuff Real Estate Economics Trends

New Home Purchase Activity Up, Average Loan Size Down

July 21, 2023

Mortgage loan application volume for new homes across the U.S. ticked down 5 percent from May to June with typical seasonality in play but was 26 percent higher than at…

Breaking News Industry Stuff Real Estate Economics Trends

Benchmark Mortgage Rate Drops, Hike Priced In

July 20, 2023

Having jumped 15 basis points (0.15 percentage point) to within 12 basis points of its 21-year high last week, the average rate for a benchmark 30-year mortgage dropped 18 basis…

Industry Stuff Listings (for sale) Real Estate Economics Trends

Pace of Home Sales in San Francisco Down 30 Percent YOY

July 20, 2023

The pace of home sales in San Francisco, which had ticked up in May, has since dropped on both an absolute and seasonally adjusted basis, with around 30 percent fewer…

Commercial East Bay Industry Stuff Neighborhoods New Developments Real Estate Economics Trends

Asking Rents for East Bay Office Space on the Decline

July 19, 2023

The office vacancy rate in the East Bay, not including Walnut Creek or further east nor life science/lab space, inched up 60 basis points in the second quarter of this…

Industry Stuff Real Estate Economics Trends

Homebuying Activity Slips, Down 21 Percent YOY

July 19, 2023

The number of applications to secure a purchase mortgage loan for an existing home in the U.S. slipped a (1) percent on a seasonally adjusted basis over the past week,…

Industry Stuff Listings (for sale) Real Estate Economics RealRecentReductions Trends

Number of Homes on the Market Ticks Up, List Prices Down

July 18, 2023

The net number of single-family homes and condos on the market in San Francisco ticked up 3 percent over the past week. While still down around 20 percent on a…

Breaking News Commercial Industry Stuff Neighborhoods Real Estate Economics Trends

Enough Empty Office Space for Nearly 180,000 People in S.F.

July 18, 2023

As we outlined last week, the amount of vacant office space in San Francisco has ticked over 23 million square feet. For context, the 1,070-foot-tall Salesforce/Transbay tower at First and…

Breaking News Commercial Industry Stuff Neighborhoods Real Estate Economics Trends

Another 2 Million Square Feet of Vacant Office Space in San Francisco

July 14, 2023

The effective office vacancy rate in San Francisco ticked over 27 percent in the second quarter of this year, representing over 23 million square feet of vacant office space spread…

Bay Buildings Breaking News City Planning Industry Stuff Neighborhoods

Anchor’s San Francisco Acreage

July 13, 2023

Established in 1896 when German brewer Ernst F. Baruth and his son-in-law bought the American brewery, which was founded at the base of Russian Hill by another German brewer in…

Brahma (incensed renter) on Contact Us
Nope. Apt 504 at Opera Plaza sold on Christmas Eve 2024, trading 2.5 percent “OVER asking” after being officially on…
Jim on Index Versus Reality for Another “Over Asking!” Sale
Yes the hall-wall he proposed removing is load bearing in these Victorians. They are, logically, framed transversely.
Brahma (incensed renter) on Trendyloin Penthouse Finally Trades after Nine Years on the Market
And a mere 33 days after being offered for sale, 631 Ofarrell St Apt 2101's listing was withdrawn for reasons…
Brahma (incensed renter) on Contact Us
Nobody bit. I'll give it a go then. 601 Van Ness Ave Apt 131, located in the Opera Plaza complex…
jenofla on Trendyloin Penthouse Finally Trades after Nine Years on the Market
HOA is $7159!
jenofla on Upgraded Penthouse Trades at a Loss
This unit just sold again, for $1.91 mil. Fairly short hold!
Brahma (incensed renter) on Trendyloin Penthouse Finally Trades after Nine Years on the Market
They are about to find out if you are right. The current owner and/or their agent appear to either have…
sockettome on Apples+ In Hayes Valley
Thanks for this update and your efforts to keep the site fresh.
Brahma (incensed renter) on Apples+ In Hayes Valley
In what might be a harbinger of things to come for the market in Stanley Saitowitz | Natoma Architects' glass…
Brahma (incensed renter) on Motivated Sellers Drop Price for Light Filled Dogpatch Loft, Again
It's easy to conclude that the sellers aren't really that “motivated”. After a listing withdrawal in May, 1578 Indiana Street…

Bay Area Employment Drops, Trending Down

New Home Purchase Activity Up, Average Loan Size Down

Benchmark Mortgage Rate Drops, Hike Priced In

Pace of Home Sales in San Francisco Down 30 Percent YOY

Asking Rents for East Bay Office Space on the Decline

Homebuying Activity Slips, Down 21 Percent YOY

Number of Homes on the Market Ticks Up, List Prices Down

Enough Empty Office Space for Nearly 180,000 People in S.F.

Another 2 Million Square Feet of Vacant Office Space in San Francisco

Anchor’s San Francisco Acreage

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Pace of Home Sales in San Francisco Drops

Asking Rents in San Francisco Are Ticking Up, But…

Benchmark Mortgage Rate Poised to Inch Down

Asking Rents in Oakland Tick Up, Down Year-Over-Year

Month: July 2023

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