Pace of Home Sales in San Francisco Drops
The number of single-family homes and condos in contract to be sold across San Francisco has dropped around 15 percent over the past month, including a 6 percent drop in…
Asking Rents in San Francisco Are Ticking Up, But…
As we outlined at the end of May, asking rents in San Francisco were actually trending up, having ticked up two months in a row. And having ticked up another…
Benchmark Mortgage Rate Poised to Inch Down
The average rate for a benchmark 30-year mortgage inched down 6 basis points (0.06 percentage points) over the past week to 6.89 percent, which is 7 basis points lower than…
Asking Rents in Oakland Tick Up, Down Year-Over-Year
Having ticked back over $2,300 at the end of May, the average asking rent for an apartment in Oakland has since ticked up a percent to $2,360 a month but…
Index Versus Reality for Another “Over Asking!” Sale
Purchased for $4.65 million in February of 2015, the 2,820-square-foot, four-bedroom home at 50 Buena Vista Terrace, a fully-remodeled single-family home which “transcends expectations,” in “the highly coveted” Buena Vista…
Index for Bay Area Home Values Ticks Up, YOY Gain Slows
Having ticked up 2.6 percent in March, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area (i.e., “San Francisco,” which includes the East Bay,…
Fresh Prices Abound in San Francisco
As we outlined earlier this week, price reductions are on the rise in San Francisco. Or in euphemistic industry speak and marketing, “fresh prices” abound. Speaking of which, the “FRESH…
Austin, Do We Have Another Problem?
Purchased for $710,500 in December of 2017, the 442-square-foot, north-facing studio #207 in The Austin at 1545 Pine Street (“one of Van Ness & Civic Center’s most coveted developments”) briefly…
Benchmark Mortgage Rate Inches Down, Poised to Drop
Measured prior to yesterday’s affirmation by the Fed, the average rate for a benchmark 30-year mortgage inched down 4 basis points (0.04 percentage points) over the past week to 6.95…
The Fed Affirms, Again
As we outlined last month, based on an analysis of the futures market, the expected value of the Fed’s rate cuts over the next six months had dropped, with an…