The weighted average asking rent for an apartment in San Francisco has effectively held at around $3,600 over the past quarter, which is less than 3 percent higher than at the same time last year, 12 percent lower than prior to the pandemic and 19 percent below its 2015-era... Read More »

As we outlined a couple years ago, plans for an 80-unit townhome development to rise on odd-shaped, 1.72-acre parcel on the hillside above the Laguna Honda Reservoir, between Clarendon Avenue and Warren Drive, were approved back in 1972 but building permits for the site were never requested and the... Read More »

The average rate for a benchmark 30-year mortgage has jumped 40 basis points (0.40 percentage point) over the past two weeks to 6.79 percent, which is 170 basis points and over 30 percent higher than at the same time last year, none of which should catch any plugged-in readers,... Read More »

The number of applications to secure a purchase mortgage loan for an existing home in the U.S. dropped another 4 percent over the past week in the absolute, and 3 percent on a seasonally adjusted basis, according to application data from the Mortgage Bankers Association. As such, purchase mortgage... Read More »

Having ticked up a percent in February, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – ticked up another three percent in March but with the majority of the uptick (75 percent)... Read More »

While the unemployment rate in San Francisco slipped back under 3 percent last month, the number of employed residents with a job actually dropped by 5,100 to 559,300, with an even larger decline in the labor force, which dropped by 7,000 to 574,900, driving the unemployment rate down.  As... Read More »

Purchased for $880,000 in May of 2019, establishing a new “comp” for other neighborhood sales and valuations at $1,410 per square foot, the 624-square-foot, one-bedroom unit #502 at 99 Rausch features floor-to-ceiling windows, a modern galley kitchen with high-end appliances, and a south-facing patio off the condo’s living room.... Read More »

Plans to redevelop the Excelsior District gas station site at 4199 Mission Street, which was purchased for $500,000 in 1998, have been in the works since 2007, at which point a four-story, 40-foot-tall building, with 12 condos over 2,000 square feet of ground floor retail space and a garage... Read More »

While the seasonally adjusted pace of new single-family home sales in the U.S. ticked up a little over 4 percent in April to an annualized rate of 683,000 homes, a pace which was 10 percent higher than at the same time last year, the pace was 15 percent lower... Read More »

Purchased for $650,000 in March of 2016, the 545-square-foot, one-bedroom unit #206 at 870 Harrison Street, which was built by JS Sullivan in 2015 and features “floor-to-ceiling windows with an open layout creating a modern and open living space,” along with a Bertazzoni range in the kitchen and “abundant... Read More »