Another Dormant Development Site Making the Rounds
Plans for bonus-sized development to rise up to 65 feet in height on the the shuttered Firestone Complete Auto Care shop at 2800 Geary Boulevard and yield 42 “light-filled” residential…
Benchmark Mortgage Rate Ticks Up, Odds of a Hike as Well
The average rate for a benchmark 30-year mortgage ticked up, not down, 12 basis points (0.12 percentage point) over the past week to 6.39 percent. As such, the average 30-year…
East Bay Office Landlords Trying to Hold Firm, But…
The office vacancy rate in the East Bay, not including Walnut Creek or further east, nor life science/lab space, which is a methodological change, ticked up 80 basis points in…
Home Buying Activity in the U.S. Drops
Having briefly rebounded last week, purchase mortgage application volume for existing homes in the U.S. has since dropped 9 percent in the absolute and 10 percent on a seasonally adjusted…
New Home Purchase Activity Inches Up, Average Loan Size Down
Mortgage loan application volume for new homes across the U.S. ticked up 10 percent from February to March with typical seasonality in play. On a year-over-year basis, however, mortgage application…
Number of Homes on the Market in S.F. Trending Up, Sales Down
Having atypically ticked down earlier this month, the net number of single-family homes and condos on the market in San Francisco has since started to tick back up, driven by…
50 Percent More Single-Family Homes on the Market in S.F.
We’ll run the full breakdown on Monday, but having atypically ticked down last week, the net number of single-family homes on the market in San Francisco has since ticked back…
As Office Vacancy Rate Climbs, Another Shoe Is Poised to Drop
The effective office vacancy rate in San Francisco ticked up to just under 25 percent in the first quarter of this year, representing over 21 million square feet of vacant…
Benchmark Mortgage Rate Holding Firm at Over 6 Percent
The average rate for a benchmark 30-year mortgage effectively held over the past week, inching down 1 basis point (0.01 percentage point) from 6.28 to 6.27 percent. As such, the…
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Updated Richmond District Pad Fetches Its Pre-Pandemic Price!
Purchased for $2.78 million in May of 2019, the remodeled three-story, roughly 2,800-square-foot home at 591 18th Avenue, an “ideal location near Golden Gate Park, shopping, and freeways for the…