CFAH

Articles Filed Under: Industry Stuff

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Number of Homes for Sale in San Francisco Up Nearly 40 Percent

The net number of homes on the market in San Francisco ticked another 6 percent over the past week from what was already a higher 11-year seasonal high to nearly 1,300 listings, driven by a pronounced slowdown in the pace of sales, trends which shouldn’t have caught any plugged-in... Read More »

Asking Rents in Oakland Tick Up, Discount to S.F. as Well

Asking Rents in Oakland Tick Up, Discount to S.F. as Well

Having held in March and April, the weighted average asking rent for an apartment in Oakland ticked up one (1) percent in May to $2,475 a month. As such, while the average asking rent in Oakland is now 8 percent higher than it was at the same time last... Read More »

Mass Timber Addition Proposed for Project on the Rise

Mass Timber Addition Proposed for Project on the Rise

As we revealed last year: Plans to merge the two Central SoMa parcels at 952-960 Howard Street, demolish everything but the façade of the 100-year-old, single-story industrial building at 960 Howard, and develop a new three-story building on the site, with 18,500 square feet of office space, 5,200 square... Read More »

Purchase Mortgage Activity in the U.S. Keeps Dropping

Mortgage loan application volume across the U.S. ticked down another 3 percent to a 41-month low over the past week, according to data from the Mortgage Bankers Association. Having ticked down another 2 percent, purchase mortgage activity was down 14 percent on a year-over-year basis last week but with... Read More »

Pace of Home Sales in San Francisco Continues to Drop

Having slipped in April, representing an atypical decline in activity in the midst of the traditional spring buying/selling season, the number of single-family homes and condos in contract across San Francisco has dropped 14 percent over the past month despite the number of homes on the market having hit... Read More »

30-Year Rate Inches Down, 5-Year ARMs Hit a 12-Year High

30-Year Rate Inches Down, 5-Year ARMs Hit a 12-Year High

Having hit 5.30 percent two weeks ago, representing a 670-week high, the average rate for a conforming 30-year mortgage has since ticked down 20 basis points (0.2 percentage points) to 5.10 percent. That being said, the current 30-year rate is still 215 basis points or over 70 percent higher... Read More »

Pending Home Sales in the U.S. Are Nearing a Decade Low

Pending Home Sales in the U.S. Are Nearing a Decade Low

Having ticked down 1.2 percent in March, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped another 3.9 percent in April to 99.3, which was 9.1 percent lower than at the same time last year,... Read More »

Storied Venue Further Reduced Below Replacement Cost

Storied Venue Further Reduced Below Replacement Cost

As we outlined back in September of 2019: Built for an Italian men’s club in 1919, complete with a gym, boxing ring, and private social/supper club space, the ornate “Garibaldi Hall” at 435/443 Broadway, which is now on the market, has a storied history to tell. The roughly 12,000-square-foot... Read More »

Mission District Infill Development Slated to Be Entitled

Mission District Infill Development Slated to Be Entitled

The refined plans for a six-story building with 18 condos over a ground floor commercial space to rise on the Mission District parcel at 2955 Mission Street, upon which a two-story, mixed-use building currently stands, is slated to be approved by the City next week. While originally slated for... Read More »

Nob Hill Project Site Hits the Market Touting Compound Potential

Nob Hill Project Site Hits the Market Touting Compound Potential

As we outlined earlier this year, an application to entitle the development of a modern 7-story, 24-unit building upon the Nob Hill corner parcel currently occupied by two single-family homes, two apartments and the Twin’s Armoire building, a parcel which spans 842-860 California Street and back to 119 Joice,... Read More »