As indexed by the Mortgage Bankers Association, mortgage credit availability in the U.S. dropped to its lowest level since January of 2013, with “all loan types seeing declines in availability over the month” and the index for Jumbo loan availability having declined the most, driven by an “ongoing trend... Read More »

Having been “exquisitely renovated…with the finest materials, fixtures, and finishes, including the meticulous preservation of period details,” the 3,225-square-foot, four-bedroom Russian Hill home at 45 Glover Street, which includes a wraparound, top-floor terrace with two private patios and views to the Golden Gate Bridge, hit the market priced at... Read More »

While 35 percent fewer condos and single-family homes have been newly listed for sale over the past week and month than over the same periods of time last year, the net number of single-family homes and condos on the market (i.e., inventory) is still 2 percent higher, year-over-year; 25... Read More »

Purchased as new for $1.775 million in May of 2010, which was below asking and near the bottom on the Great Recession era market, the 2,800-square-foot “modern Hayes Valley sanctuary” at 124 Lily Street, re-sold for $3.25 million in February of 2017, representing total appreciation of over 80 percent,... Read More »

Following a trend that shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30-year mortgage ticked up another 8 basis points (0.08 percentage points) over the past week to 6.73 percent, which is 288 basis points and 75 percent higher than at the same time... Read More »

The volume of applications to secure a purchase mortgage loan for a home in the U.S. ticked up 9 percent in the absolute last week, representing a 7 percent increase on a seasonally adjusted basis from a 28-year low. That being said, purchase mortgage activity was still down over... Read More »

Once again, despite a pronounced slowdown in the relative number of condos and single-family homes that have been newly listed for sale over the past three weeks, a slowdown that has been driven by sellers either being unable or unwilling to accept an ongoing drop in values, the net... Read More »

The weighted average asking rent for an apartment in San Francisco inched up less than a percent in February to $3,575 per month, which is 7 percent higher than at the same time last year, driven by an uptick in asking rents for three-plus-bedroom units, but still 13 percent... Read More »

As we outlined back in 2019: Speaking of previously approved projects that have yet to break ground, the entitlements for the 230-unit development to rise at 667 Folsom Street are slated to expire in two months time and building permits for the project have yet to be requested. With... Read More »

As we outlined earlier this year, the “luxurious, high-style corner unit” #405 at 1450 Franklin Street, a 1,325-square-foot, two-bedroom, two-bath unit with two private decks, storage and parking in the building’s garage, returned to the market priced at $1.349 million this past August having been purchased for $1.399 million... Read More »