East Bay Office Vacancy Rate Hits 20%, Over 37% in Oakland’s Core
The office vacancy rate in the East Bay, not including Walnut Creek or further east nor life science/lab space, inched up 50 basis points in the third quarter of this…
New Home Purchase Activity Drops, Average Loan Size Too
With purchase mortgage loan application volume for existing homes on the decline, application volume for new home loan purchases in the U.S. dropped 12 percent from August to September and…
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Billionaires Row Mansion Remodeled, Relisted, Reduced
Acquired by the founders of Bebo and The Battery (dibs on the band name) for $29 million in 2008, despite it not being on the market at the time, the…
Another 3 Million Square Feet of Vacant Office Space in San Francisco
The effective office vacancy rate in San Francisco hit 30 percent at the end of last month, representing nearly 26 million square feet of vacant office space now spread across…
Purchase Mortgage Activity Has Dropped Over 50 Percent
Having inched up 1 percent the week prior, the number of applications to secure a purchase mortgage loan for an existing home in the U.S., which is a leading indicator,…
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A Royal Reduction and Distinguished “At Asking” Drop
Redesigned by Cass Calder Smith in 2002, the 1,462-square-foot, two-bedroom unit #1202 in the Royal Towers at 1750 Taylor Street, “San Francisco’s most distinguished address,” last sold for $2.55 million…
Listen Up, Prime Haight-Ashbury Corner Parcel in Play
Plans to develop a mixed-use building, with up to 25 two-bedroom condos over 4,000 square feet of ground floor commercial space, on the parking lot parcel on the northwest corner…
Price Improvements Abound
With inventory levels ticking back up and the pace of sales having slowed, the percentage of homes on the market in San Francisco with an “asking price” that has been…
Benchmark Mortgage Rate Expected to Hold
Having jumped 18 basis points (0.18 percentage points) last week to 7.49 percent, the average rate for a benchmark 30-year mortgage has since ticked up another 8 basis points to…
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Mission District Mini “Penthouse” Now Listed for 21% Less
Purchased for $695,000 in May of 2015, the top-floor, junior one-bedroom “penthouse” unit #813 at 45 Bartlett Street (a.k.a. Vida, “in the heart of the bustling Mission District”), returned to…