Having dropped to a 9-month low at the beginning of the year, the average rate for a benchmark 30-year mortgage, which hit a 7-year high of 4.94 percent this past November, has inched down another 4 basis points to a 10-month low of 4.41 percent, according to Freddie Mac’s... Read More »

The number of single-family homes and condos that traded hands across the greater Bay Area totaled 5,341 this past December, that’s down 13.2 percent from November (versus typically ticking up), down 21.6 percent on a year-over-year basis, and the lowest December sales total since 2007, which marks another 11-year seasonal low,... Read More »

Having declined 0.7 percent in November, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, dropped another 2.2 percent in December to a below-average 99.0 and is now running 9.8 percent lower on a year-over-year basis and 11.8 percent below... Read More »

Having slipped another 0.7 percent in November, 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 – has shed 1.4 percent over the past quarter and its year-over-year gain has dropped nearly five... Read More »

The seasonally adjusted pace of existing-home sales across the U.S. dropped 6.4 percent at the end of 2018 to an annual rate of 4.99 million sales, which is 10.3 percent lower versus the same time last year according to the National Association of Realtors, down from 7.0 percent lower... Read More »

As we first reported this past September: While the approval process for a 36-story tower designed by Renzo Piano Building Workshop, in collaboration with Mark Cavagnero Associates, to rise up to 405-feet in height at 555 Howard Street was, in fact, fast-tracked by Planning, and the development was approved... Read More »

Having rebounded to a 7-year seasonal low in September, the number of single-family homes and condos that traded hands across the greater Bay Area totaled 6,147 in November, down 14.1 percent on a month-over-month basis (versus a typical seasonal drop of around 10 percent) and 15.2 percent lower versus... Read More »

Having slipped 0.7 percent 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 – has shed a total of 1.0 percent over the past quarter and its year-over-year gain has dropped... Read More »

While the seasonally adjusted pace of existing-home sales across the U.S. ticked up 1.9 percent in November to an annual rate of 5.32 million sales, the pace is now running 7.0 percent lower versus the same time last year, down from 5.1 percent lower on a year-over-year basis in... Read More »

Purchased for $950,000 in June of 2015, the modern two-bedroom unit #411 at 1875 Mission Street (aka “M@1875”) returned to the market listed for $1,050,000 this past August, a sale at which would have represented total appreciation of 10.5 percent for the “luxurious, stylish and modern top floor [Mission... Read More »