Benchmark Mortgage Rate Poised to Hit 7 Percent
The average rate for a benchmark 30-year mortgage ticked up 6 basis points (0.06 percentage points) over the past week to 6.96 percent, which is 174 basis points higher than…
Moderne Telegraph Hill Penthouse Trades Down Over $200K
Quietly acquired for $2.2 million three years ago, the vintage penthouse unit #12 atop the Art Moderne Malloch Building at 1360 Montgomery Street, an 1,100-square-foot one-bedroom unit with over 700…
Average Asking Rent in San Francisco Just Dropped YOY
While the weighted average asking rent for an apartment in San Francisco proper has been holding firm at around $3,600 a month since mid-March, it’s now down nearly 4 percent…
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More Height and Time for Market-Rate Hub District Tower Approved
Once again, as we revealed at the end of last year, a modification to the approved plans for Related California’s 365-foot-tall tower to rise on the parking lot parcel at…
Mortgage Credit Availability Slips on Jumbo Lending Concerns
Having dropped to a 10-year low in June, mortgage credit availability, as indexed by the Mortgage Bankers Association, inched down another 0.3 percent in July to its lowest level since…
Truth in Advertising Take Two
Purchased as “a diamond in the rough” for $1.5 million in September of 2016, the remodeled 1,880-square-foot Noe Valley home at 374 Valley Street returned to the market listed for…
Number of Homes on the Market in S.F. Drops, Prices Too
The net number of single-family homes and condos on the market in San Francisco ticked down 6 percent over the past week and is now 18 percent lower than at…
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RealRecentReductions
Another Post-Covid Leg Down in Coveted Lower Pacific Heights?
Purchased for $2.1 million in September of 2018, the 1,900-square-foot, full-floor condo at 1940 Bush Street, which “dazzles with great period details and contemporary finishes,” a few blocks from Fillmore…
Index Versus the “Over Asking” Reality for a Single-Family Starter Home
As we outlined last month, the single-family starter home at 458 Mangels Avenue, “a charming Edwardian, nestled on a tranquil street in the Sunnyside Neighborhood” which had been purchased for…
Upgraded Archetype Edwardian Fetches Its 2020 Price
Purchased for $2.9 million in December of 2020, the previously remodeled “archetype Edwardian” at 4334 19th Street, a four-bedroom, two-bathroom home in the Castro with a “fantastic backyard and exceptional…