Purchase Activity for New Homes in the U.S. Is Down
While mortgage application volumes to purchase a new home in the U.S. increased 10 percent from December to January with typical seasonality in play, application volumes were down 12.5 percent…
Benchmark Mortgage Rate Jumps Again, 39 Percent Higher YOY
The average rate for a benchmark 30-year mortgage jumped 23 basis points (0.23 percentage points) over the past week to 3.92 percent, which is 39.5 percent higher than the average…
Planning Votes to Close Group Housing “Loophole”
As we outlined last week: Created to allow for the development of communal living arrangements, with “communal facilities shared by all project residents,” including communal kitchens and living areas to…
Benchmark Mortgage Rate Just Jumped to a 2-Year High
The average rate for a benchmark 30-year mortgage jumped 14 basis points (0.14 percentage points) over the past week to 3.69 percent, which is nearly a full percentage point (96…
Historic Red Victorian Hotel on the Market for $5 Million
Shuttered by the pandemic and then briefly occupied by the Fishbowl Collective, a multiracial group of trans & gender-nonconforming artists and housing advocates that were granted permission to host socially…
Index for Bay Area House Values Decelerates, Condo Index Slips
Having held in October, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula –…
San Francisco Law Prohibiting Egregious Rent Increases Upheld
Section 37.10B of San Francisco’s Rent Ordinance, which defines Tenant Harassment, was amended in January of 2019 to prohibit landlords from attempting to circumvent eviction controls for non-rent controlled units…
Rents in San Francisco Tick Up, Inventory Follows
Having ended last year 8 percent higher than the year before, the weighted average asking rent for an apartment in San Francisco has since ticked up 2.6 percent to $3,400,…
Over 500,000 Bay Area Jobs Have Been Recovered, But…
Having increased by 6,300 in November, the net number of people living in San Francisco with a paycheck ticked up by 2,600 in December to 549,400, dropping the local unemployment…
Benchmark Mortgage Rate Keeps Climbing, Nearing a 2-Year High
Having hit a 22-month high last week, the average rate for a benchmark 30-year mortgage has since ticked up another 11 basis points (0.11 percentage points) to 3.56 percent, which…