Benchmark Mortgage Rate Drops as Odds of Rate Cuts Rise
The average rate for a benchmark 30-year mortgage dropped another 19 basis points (0.19 percentage points) over the past two weeks to 7.03 percent, which is 71 basis point below…
Trendy Dogpatch Condo Trades Down Over 20 Percent
The resale of the modern two-bedroom, two-bath and 1,102-square-foot unit #202 in the “trendy Dogpatch” development at 815 Tennessee Street, with “high quality finishes throughout,” “plenty of natural light, a…
Revised Plans for Prominent Central SoMa Towers Under Review
While the plans for two swoopy towers to rise up to 425 feet in height on the northeast corner of 4th and Townsend were approved back in 2019, the ground…
Asking Prices in S.F. Tick Down, Expectation Gap Up
Having dropped over 10 percent from early last year, the asking price per square foot of the homes on the market in San Francisco is now averaging around $970 per…
Asking Rents in San Francisco Drop, Down Year-Over-Year
The weighted average asking rent for an apartment in San Francisco just dropped back under $3,500 a month, which is 3 percent lower than at the same time last year,…
A Significant “Over Asking” Sale in the Mission
Purchased for $1.600 million in November of 2012, the modern three-bedroom condo at 857 Alabama Street, the unit below 859 Alabama Street, resold for $2.150 million in February of 2015,…
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Index for Bay Area Home Values Inches Up, Top Tier Slips
Having slipped 0.5 percent in August, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area (i.e., “San Francisco,” which includes the East Bay, North…
New Home Sales and Contract Prices Drop, Inventory Ticks Up
Having jumped a downwardly revised 8.6 percent in September, the seasonally adjusted pace of new single-family home sales in the U.S. dropped 5.6 percent in October to an annual rate…
Benchmark Mortgage Rate Drops to 7.29 Percent
The average rate for a benchmark 30-year mortgage has ticked down 21 basis points (0.21 percentage points) over the past two weeks to 7.29 percent, which is 71 basis points…
Apples-to-Apples versus “Asking” for an Entry Level Condo
Listed for $688,000 in May, reduced to $650,000 in June,and then dropped to $625,000 in September, the “stunning” 672-square-foot, one-bedroom condo #706 in the Stage 1075 development at 1075 Market…