Homebuying Activity in the U.S. Drops to a 28-Year Low
Following a trend that shouldn’t catch any plugged-in readers by surprise, the number of applications to secure a purchase mortgage loan for an existing home in the U.S. dropped 7…
Apples To Apples
Industry Stuff
Listings (for sale)
Neighborhoods
RealRecentReductions
Remodeling and Renovation
Trends
Hot Bernal Heights Home Drops to Its 2017 Price
Purchased for $1,375,000 in March of 2017, which was “over asking!” in “hot hot hot” Bernal Heights, despite having been listed for $1,550,000 in April of 2016, prior to being…
Breaking News
East Bay
Industry Stuff
Marin (And Points North)
Real Estate Economics
San Jose (And South)
Trends
Bay Area Employment Drops on Year-Over-Year Basis, Again
Having dropped in June, the number of San Francisco residents with a job increased by 6,300 in July to 564,200, a seasonally driven increase that could mislead some. In fact,…
Number of Homes on the Market in San Francisco Jumps
Driven by listings for single-family homes, the net number of homes on the market in San Francisco, including condos, jumped over 10 percent over the past week, with the first…
As Proposed
City Planning
Design & Architecture
Industry Stuff
Neighborhoods
Real Estate Economics
Trends
Building Up Lombard Take Two (More)
While plans to merge the 3 lots at 2419-2435 Lombard Street and develop a 4-story building, with 12 condos over a ground floor commercial space, were approved back in 2014,…
Benchmark Mortgage Rate Just Hit a 21-Year High of Only 7.09%
As projected, the average rate for a benchmark 30-year mortgage ticked up 13 basis points (0.13 percentage points) over the past week to 7.09 percent, which is 196 basis points…
Apples To Apples
Bay Buildings
Industry Stuff
Listings (for sale)
Neighborhoods
Real Estate Economics
Trends
Contemporary Two-Bedroom Condo Just Listed for a Third Less
“Tucked on a quaint street with blooming Magnolia trees,” the 857-square-foot, two-bedroom, two-bath unit #526 at 99 Rausch was purchased for $1,265,000 in June of 2019, establishing a new “comp”…
Modern New Development Fails to Sell, Taken Back by The Bank
As we revealed earlier this year, the modern 25-unit development at 603 Tennessee Street, across the street from UCSF’s Mission Bay Campus, a block from Chase Center and a short…
Asking Prices in San Francisco Down 10 Percent, Pending Prices Lower
While nearly 60 percent fewer single-family homes and condos were newly listed for sale in San Francisco over the past week than at the same time last year, listed inventory…
Revised Plans for New 524-Unit Tower Officially Approved, But…
As we outlined back in June: The revised plans for a 35-story tower to rise up to 369 feet in height on the 90-space parking lot parcel at 395 3rd…