Benchmark Mortgage Rate Slips Back Under 7 Percent
The average rate for a benchmark 30-year mortgage has slipped back under 7 percent for the first time in four months, inching down 8 basis points (0.08 percentage points) over…
As Proposed
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Refined Plans for the Proposed Stonestown Redevelopment
As proposed by Brookfield Properties and newly rendered above and below, the refined plans for redeveloping the 41-acre Stonestown site would now yield nearly 3,500 residential units, up from around…
Refinancing Activity Drives Mortgage Application Volume Up, Not Purchases
While the Mortgage Bankers Association’s index for mortgage loan application volume increased 6 percent last week, said increase was actually driven by refinancing activity, the sub-index for which jumped 19…
Prohibited Residential Conversion(s) Proposed
Approved back in 2015 and subsequently dubbed “The Landing,” the 257-unit development that rose at 1395 22nd Street, along the East Slope of Potrero Hill, included 47,575 square feet of…
Mortgage Credit Availability Drops
Having ticked up a (1) percent in October, mortgage credit availability, as indexed by the Mortgage Bankers Association, ticked down 1.7 percent in November, with a 5.4 percent drop in…
Inventory and Asking Prices Tick Down in S.F., Reductions Up
The net number of homes on the market in San Francisco ticked down 8 percent over the past week, driven by typical seasonality, with 9 percent fewer homes on the…
Apples To Apples
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Listings (for sale)
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Trends
What’s the Story Morning Glory?
Purchased for $3.3 million in October of 2021, the four-bedroom Forest Hill home at 369 Pacheco Street, “the perfect oasis in the middle of the city,” returned to the market…
Modernized Victorian Trades Down Over $450K
As we outlined last month: Purchased for $2.725 million in June of 2014, the “well located, finely modernized Italianate Victorian spanning three levels of magnificent open design” at 2208 Pine…
Benchmark Mortgage Rate Drops as Odds of Rate Cuts Rise
The average rate for a benchmark 30-year mortgage dropped another 19 basis points (0.19 percentage points) over the past two weeks to 7.03 percent, which is 71 basis point below…
Banked Ginsberg’s Pub Site Back on the Market
Purchased for $1.75 million in early 2013, plans to raze Ginsberg’s Dublin Pub and develop a boutique 13-room hotel on the 400 Bay Street site were soon thereafter proposed, as…