Benchmark Mortgage Rate Ticks Up to 6.77 Percent
As we outlined last week, prior to a market shock that appears to have caught some by surprise, the expected value of the Fed’s interest rate cuts this year was…
Condo Converted and Relisted for Less in Cole Valley
Purchased as an established TIC unit in a six-unit building for $910,000 in November of 2017, the light-filled, top floor one-bedroom unit #5 at 762-764 Cole Street returned to the…
Don’t Confuse Seasonality with a Rebound or “Pivot”
At a time of the year when industry folks and the media have been known to conflate basic seasonal trends with a market rebound or “pivot!,” purchase mortgage application volume…
Another Supersized Development Has Been Abandoned
Having faced some pushback from Planning, related to the approved plans for up-zoning and infilling San Francisco’s Central SoMa District, the Fifth and Folsom Investors, LLC subsequently received a notice…
Mortgage Availability Inches Up From an 11-Year Low
Having dropped back down to its lowest level in over a decade at the end of last year, mortgage credit availability inched up 0.7 percent last month, with a 1.9…
Tenant Buyouts Drop in San Francisco
Landlords in San Francisco inked 260 legally recorded tenant buyout agreements last year, as mapped above, a 33 percent drop from the 389 inked in 2022 and 391 inked in…
Plans for Pac Heights Redevelopment Entitled! But…
As we outlined at the end of last year, plans for converting the landmarked Health Sciences Library building on the southeast corner of Sacramento and Webster into a 24-unit luxury…
Expected Value of Rate Cuts Tumbles, Mid-Six Rates Normalized
In a move that shouldn’t catch any plugged-in readers by surprise, the probability of a rate cut this quarter, based on movements in the futures market, has dropped to under…
Infamous Sea Cliff Mansion Finally Trades
On the market for $19.675 million back 2016, returned to the market listed for $17.5 million in 2020, having been “cleaned up” and positioned as a “beautiful blank canvas ready…
Number of Homes for Sale in S.F. Ticks Up, Asking Prices Down
The net number of condos and single-family homes listed for sale in San Francisco ticked up 4 percent over the past week. While 6 percent lower than at the same…