Purchase Mortgage Activity Drops, Jumbo Rates Inch Down
Purchase mortgage application volume in the U.S. dropped 2 percent on a seasonally adjusted basis and 1 percent in absolute over the past week and was 14 percent lower than…
Number of Homes on the Market in S.F. Holds, Prices Drop
The net number of single-family homes and condos on the market in San Francisco effectively held at a 13-year seasonal high over the past week as a slowdown in the…
Average Asking Rent in S.F. Ticks Up for First Time in Eight Months, But…
The weighted average asking rent for an apartment in San Francisco ticked up a (1) percent over the past month to $3,330, representing the first uptick in eight months. That…
Benchmark Mortgage Rate Continues to Climb
Having leapt back over 7 percent last week, the average rate for a benchmark 30-year mortgage has since ticked up another 7 basis points (0.07 percentage points) to 7.17 percent,…
Contemporary Western SoMa Condo Trades Down Over 30 Percent
Speaking of “over asking” sales in this “surging” market, the re-sale of the two-bedroom condo #219 at 99 Rausch has just closed escrow with a contract price of $885,000, which…
Converted Cole Valley TIC Unit Fetches an “Over Asking!” Price
As we outlined earlier this year, the light-filled, top floor one-bedroom unit #5 at 762-764 Cole Street returned to the market listed for $950,000 this past September, having been purchased…
Purchase Mortgage Activity Ticks Down, Jumbo Rates Jump
Purchase mortgage application volume in the U.S. was effectively unchanged over the past week in the absolute but ticked down a (1) percent on a seasonally adjusted basis and was…
Pace of New Home Sales “Surged” Last Month, But…
Having dropped a downwardly revised 5.1 percent in February, the seasonally adjusted pace of new single-family home sales in the U.S. rebounded 8.8 percent in March and was 8.3 percent…
Inventory Ticks Up in San Francisco, Average Asking Price Down
The net number of single-family homes and condos on the market in San Francisco ticked up another 3 percent over the past week from a 13-year seasonal high, with 7…
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Big Price Cut for Luxury Condo Already Listed at a Loss
With the list price for the 2,567-square-foot, corner unit #22D in the Four Seasons Hotel and Residences at 765 Market Street having been dropped to $3.395 million last month, an…