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…

Parklife on An Opportunity to Capitalize on a Bernal Heights Blaze
Except that the S&P return during that same period was approximately 88%, without holding costs (albeit assuming this was leveraged,…
Brahma (incensed renter) on An Opportunity to Capitalize on a Bernal Heights Blaze
If anything good can come from this, hopefully tthose who aren't cheerleading development and have concerns about neighborhood character will…
Jack on An Opportunity to Capitalize on a Bernal Heights Blaze
I guess it’s hard to argue with value engineering low income housing, but what a shame they were not able…
Brahma (incensed renter) on An Opportunity to Capitalize on a Bernal Heights Blaze
A joint venture led by three local developers including Bernal Heights Housing Corporation, Tabernacle Community Development Corporation, and Mitchelville Real…
Brahma (incensed renter) on Pace of Home Sales in San Francisco Drops
Lurie's key claim — and the big point in his favor relevant for this thread — is that he was…
Neighborhood Activist on Pace of Home Sales in San Francisco Drops
Your guess is as good as mine. He may be really good for SF, or he may be worthless. I…
Notcom on Pace of Home Sales in San Francisco Drops
Yes it is, definitely...one of the two.
sf on Pace of Home Sales in San Francisco Drops
Daniel Lurie as mayor... is this a turning point for San Francisco or more of the same?
Brahma (incensed renter) on Another 2 Million Square Feet of Vacant Office Space in San Francisco
That's not surprising and it's probably just an opener. The City Controller’s Office put out a report fairly recently that…
Neighborhood Activist on Pace of Home Sales in San Francisco Drops
I feel like this might be a psychological experiment to see when the last of us gives up and goes…

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

You missed

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

You missed