Apples-to-Apples-to-Index in Central SoMa
Purchased for $640,000 or roughly $940 per square foot in mid-2013, the 618-square-foot, one-bedroom unit #738 in The Palms at 555 4th Street, a quiet interior unit that now benefits…
Price Reductions on the Rise in San Francisco
With the expectation gap between the list price per square foot of the homes on the market in San Francisco and the price per square foot of the homes for…
Pace of Home Sales in San Francisco Is Ticking Down
The net number of single-family homes and condos in contract to be sold in San Francisco has been ticking down, not up, over the past month. And having just slipped…
Expectation Gap on the Rise in San Francisco
The net number of single-family homes and condos on the market ticked up another (1) percent over the past week as new listing activity continues to outpace sales, with 2…
Average Asking Rent in S.F. Trending Up, Inventory Down
Having ticked up for the first time in eight months last month, the weighted average asking rent for an apartment in San Francisco has since ticked up nearly 4 percent…
Benchmark Mortgage Rate Inches Back Over 7 Percent
As we outlined last week, while the average rate for a benchmark 30-year mortgage had slipped back under 7 percent for the first time since mid-April the expected value of…
Purchase Mortgage Activity Continues to Drop
Despite the average rate for a benchmark 30-year mortgage having ticked down over the past month, purchase mortgage application volume in the U.S. has dropped for the third week in…
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Builders Slow Their Rolls, Banking Entitlements in San Francisco
As we outlined at the end of last year, with values dropping, the cost of capital having jumped, sales down and developers getting squeezed or even foreclosed upon, the number…
Expected Value of Rate Cut(s) Just Dropped
Having inched up over the past month, helping to pull the average rate for a benchmark 30-year mortgage back under 7 percent for the first time since mid-April, the expected…
Pace of New Home Sales and Prices Drop, Inventory Up
The seasonally adjusted pace of new single-family home sales in the U.S. dropped nearly 5 percent last month and was down over 6 percent on a year-over-year basis and over…