Classic West Side Home Reduced, Listed at a Loss
Purchased for $1.750 million in September of 2022, which was $45K “under asking” at the time, the classic three-bedroom, two-bath home at 2627 30th Avenue, “steps from Pine Lake Park…
Benchmark Mortgage Rate Drops to Just Over 7 Percent
Continuing a trend that shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30-year mortgage ticked down 7 basis points to 7.02 percent over the past…
Pace of New Home Sales Activity Ticks Up, Loan Size Holds
With inventory levels now 45 percent higher than prior to the pandemic, having hit a 16-year high in March, mortgage application volume for new home purchases in the U.S. ticked…
East Bay
Industry Stuff
Listings (for sale)
Neighborhoods
RealRecentReductions
Remodeling and Renovation
Trends
Hot Piedmont Home Reduced, Re-Listed, Reduced Again
Modernized without being “white-boxed” or stripped of its period details and charm, the Grand Tudor on a elevated corner Piedmont lot at 35 Muir Avenue hit the market priced at…
Inventory Levels Still Ticking Up in San Francisco
As we noted last week, the net number of single-family homes and condos on the market in San Francisco was ticking up from a 13-year seasonal high, “driven by a…
Pac Heights Mansion Priced for an Uber “At Asking” Loss
Quietly acquired by the newly recruited CEO of Uber for $16.5 million in 2017, the 6,200-square-foot, five-bedroom home at 3090 Pacific Avenue, an “impeccably remodeled” and light-filled pad “on a…
Expected Value of Rate Cut(s) Holds
Having tumbled over the past two quarters, as we first outlined earlier this year, the expected value of the Fed’s rate cuts in 2024 is now holding, with the average…
Modern Hayes Valley One-Bedroom Trades Down
Purchased for $779,000 or roughly $1,073 per square foot in February of 2015, the top-floor, one-bedroom unit #605 in the award-winning modern development at 8 Octavia Street, “ideally located just…
Mortgage Credit Availability Holding Around a 12-Year Low
Having dropped to its lowest level since 2012 at the end of last year, mortgage credit availability, as indexed by the Mortgage Bankers Association (MBA) has since inched up a…
Average Asking Price for a Home in San Francisco Drops
With the pace of home sales in San Francisco having slowed following a seasonally driven uptick and inventory levels ticking up from a 13-year seasonal high, the average asking price…