Pace of Home Sales in S.F. Drops, Slowest in Over 7 Years
Despite some misreports of a “market rebound” making the rounds last month and inventory levels ticking up, the number of single-family homes and condos in contract to be sold in…
Asking Rents in San Francisco Drop, Nearly 25 Percent Below Peak
Having held at around $3,450 a month in January but slipped on a year-over-year basis, the weighted average asking rent for an apartment in San Francisco has since dropped to…
Two Years Later, And…
As we highlighted two years ago, the “stylish,” 1,361-square-foot unit #14 at 175 Russ Street, “in the heart of SOMA,” which was purchased for $1.165 million in April of 2019,…
The Potential Economic Impact of Proposition C on San Francisco
As we first outlined two years ago, from which we haven’t deviated, despite plenty of whining, whinging and uninformed opinion/lobbying pieces from others since: “the conversion of existing office space…
Purchase Mortgage Activity Continues to Drop
Once again, despite some misreports of a “market rebound” earlier this month, purchase mortgage application volume in the U.S., which is a leading indicator for sales, ticked down another (1)…
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Index for Bay Area Home Values Slips, Condos Drop
Having ticked down a downwardly revised 1.1 percent in November, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area (i.e., “San Francisco,” which includes…
At Asking! (But Down Over 30 Percent in the Mission)
Purchased for $1.468 million in July of 2018, having been listed for $1.098 million at the time, the 1,027-square-foot, two-bedroom, two-bath unit #104 in the Union SF redevelopment at 2101…
New Home Sales Tick Up, Inventory Nearing a 15-Year High
The seasonally adjusted pace of new single-family home sales in the U.S. ticked up a percent and a half last month and was 2 percent higher than at the same…
Inventory Levels Tick Up in San Francisco, Asking Prices Down
The net number of condos and single-family homes listed for sale in San Francisco (i.e., inventory) ticked up another 3 percent over the past week despite a seasonally driven uptick…
Benchmark Mortgage Rate Nears 7 Percent
Following a key trend that shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30 year mortgage ticked up another 13 basis points (0.13 percentage points)…