Benchmark Mortgage Rate Drops to a New All-Time Low
Having inched down last week, the average rate for a benchmark 30-year mortgage has since shed another 9 basis points (0.09 percentage points) to 3.15 percent which is 8 basis…
Pace of New Home Sales Holds with a Sales Price Drop
Having dropped (an upwardly revised) 13.7 percent in March, the pace of new single-family home sales in the U.S. was effectively unchanged in April (up 0.6 percent), for a seasonally…
Index for Bay Area Home Values Hits a New High, But…
Having ticked up an upwardly revised 1.2 percent in February, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East…
Bay Area Unemployment Hits 13 Percent, Labor Force Shrinks
Based on employment data through the second week of April, at which point the ongoing impact of the COVID-19 pandemic was still picking up steam, the estimated number of San…
Bay Area Unemployment Claims Continue to Climb
Having already rocketed to over 44,300 in March, versus having averaged around 3,500 a month over the previous six years, the number of San Francisco residents that filed a new/initial…
Pandemic Fells the Stud in Western SoMa
Founded on Folsom Street back in 1966 and then relocated to the northeast corner of 9th and Harrison in the late 80s, San Francisco’s iconic Stud bar will be relinquishing…
Number of Homes on the Market in San Francisco Jumps
Driven by a dramatic slowdown in sales while listing activity has since rebounded, the number of homes on the market in San Francisco has jumped 35 percent over the past…
Tower Team Sued for Potential Loss of Spectacular Views (UPDATED)
As noted by a plugged-in tipster, the buyers of a $5.85 million, two-bedroom unit on the 55th floor of the new tower at 181 Fremont Street have just filed suit…
Benchmark Mortgage Rate Drops to an All-Time Low
Having inched up last week, the average rate for a benchmark 30-year mortgage has since dropped 10 basis points (0.10 percentage points) and now measures 3.23 percent, which 91 basis…
Key Changes to the Bay Area’s Extended ‘Stay-at-Home’ Orders
The existing ‘stay-at-home’ orders for Alameda, Contra Costa, Marin, San Francisco, San Mateo and Santa Clara counties, which were slated to expire at 11:59 pm on May 3, have just…