Home Loan Purchase Activity At Lowest Level Since 1995
On a seasonally adjusted basis, the Mortgage Bankers Association’s Purchase Index, a measure of mortgage loan application volume for home purchases in the U.S., has fallen to its lowest level…
A Couple Of Interesting Notes For Tomorrow’s Home Price Reports
A couple of things to keep in mind when reading tomorrow’s reports of home prices in San Francisco having gained 22.6 percent in 2013. The rate of appreciation has been…
Plans For A Sixty-Foot Nob Hill Building On An Eighty-Foot Lot
Currently a parking lot with space for twenty-two cars, half of which are designated for car sharing services, a six-story building is proposed to rise at 832 Sutter Street. The…
Existing-Home Sales Drop Despite Double-Digit Increase In Inventory
A year ago today, the chief economist for the National Association of Realtors, Lawrence Yun, cited “plenty of demand but insufficient inventory” as the reason for a lackluster up-tick in…
Impact Of Waterfront Ballot Initiative Slated For Widespread Review
Sponsored by Supervisor Wiener, the Port of San Francisco, Planning Department, City Administrator, Controller, Office of Economic and Workforce Development, Municipal Transportation Agency, and Mayor’s Office of Housing and Community…
611 Tax-Defaulted Properties In San Francisco Facing Public Auction
While mostly timeshares but including houses, condos and undeveloped parcels of land, including the Telegraph Hill parcel facing the Filbert Street steps outlined above, there are currently over 600 properties…
As Mortgage Rates Tick Up, Applications And Home Sales Are Falling
The average rate for a conforming 30-year mortgage ticked up from 4.28 to 4.33 percent over the past week and is now within 25 basis points of the two-year high…
A Hard Lesson For CA Teachers: $44M Lost On 8 Washington Project
A public records request has uncovered that The California State Teachers Retirement System (CalSTRS) invested $45 million and has lost $44 million on the failed waterfront development known as 8…
Purchase Loan Activity At Lowest Level Since September 2011
The Mortgage Bankers Association’s Purchase Index, a measure of mortgage loan application volume for home purchases in the U.S., has fallen to its lowest level since September of 2011 on…
Recommendation To Crackdown On Illegal Rentals Goes Missing
As we first reported last month, in response to an executive directive from Mayor Ed Lee, a working group co-chaired by the directors of San Francisco’s Planning Department and Department…