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Articles Filed Under: Industry Stuff

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Shuttered Brewery Hits the Market, Towering Plans Shelved

Shuttered Brewery Hits the Market, Towering Plans Shelved

As we revealed earlier this year, a team was exploring the possibility of demolishing the Thirsty Bear Brewery building at 661 Howard Street and developing a bonus-sized residential tower rising over 250 feet in height on the skinny site with the idea of overhanging the two adjacent buildings at... Read More »

Mortgage Application Volume Plummets

With the benchmark 30-year mortgage rate nearing a 20-year high, mortgage loan application volume plummeted over 14 percent last week, with a 13 percent drop in applications to purchase a home, both in the absolute and on a seasonally adjusted basis. And with last week’s plummeting, purchase mortgage application... Read More »

San Francisco’s Housing Pipeline Hits a New High

San Francisco’s Housing Pipeline Hits a New High

The total number of units in San Francisco’s housing pipeline, including affordable units that are slated to be rebuilt, hit a record high of over 80,000 in the first quarter of this year, according to our queries of Planning’s databases as mapped and distributed above. In addition to around... Read More »

Supersized Tower with a Floating Upper Mass Closer to Reality

Supersized Tower with a Floating Upper Mass Closer to Reality

As we first reported last year, the preliminary plans for a 575-foot-tall, 623-unit apartment tower to rise on the South of Market parcel at 620 Folsom Street hadn’t raised any red flags or Code issues that couldn’t be overcome if the State’s Density Bonus Law was invoked. In fact,... Read More »

Mortgage Rates Rocket Across the Board

Mortgage Rates Rocket Across the Board

The average rate for a benchmark 30-year mortgage jumped another 41 basis points (0.41 percentage points) over the past week to 6.70 percent, an average rate which is 123 percent higher than at the same time last year, 153 percent above last year’s all-time low, and the highest average... Read More »

Pricing Versus Reality

Pricing Versus Reality

As we outlined back in April: Purchased for $2.4 million in September of 2018, the two-bedroom, two-bath unit #40E near the top of the Infinity tower at 338 Spear Street, a 1,588-square-foot unit which features an open floor plan, large bedroom suite, two private decks, panoramic views and a... Read More »

Pace of New Home Sales Rebounds with Lower Prices

Pace of New Home Sales Rebounds with Lower Prices

Having dropped a downwardly revised 8.6 percent in July, the seasonally adjusted pace of new single-family home sales in the U.S. jumped 28.8 percent in August to an annualized rate of 685,000 sales, which is effectively even with the pace of sales at the same time last year but... Read More »

Biggest Drop in Bay Area House Values Since Early 2009

Biggest Drop in Bay Area House Values Since Early 2009

Having ticked down 1.3 percent in June, 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 – dropped 3.5 percent in July, representing the largest month-over-month decline for the index since the first... Read More »

Designer Mint Plaza Loft Now Listed Below Its 2011 Price

Designer Mint Plaza Loft Now Listed Below Its 2011 Price

Purchased for $1.4 million near the top of the previous market cycle in the fourth quarter of 2007 and then upgraded with a new kitchen, custom cabinetry, lighting and other designer finishes in 2008, the upgraded 2,000-sqaure-foot, two-bedroom loft #502 in the converted Hales Warehouse building at 2 Mint... Read More »

Inventory Levels Continue to Climb in San Francisco

Having already jumped by 25 percent over the two weeks prior, the net number of homes on the market in San Francisco (i.e., inventory) has since ticked up another 4 percent to 1,470. As such, there are now over 20 percent more homes on the market in San Francisco... Read More »