Benchmark Mortgage Rate Expected to Hold
Having jumped 18 basis points (0.18 percentage points) last week to 7.49 percent, the average rate for a benchmark 30-year mortgage has since ticked up another 8 basis points to…
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Mission District Mini “Penthouse” Now Listed for 21% Less
Purchased for $695,000 in May of 2015, the top-floor, junior one-bedroom “penthouse” unit #813 at 45 Bartlett Street (a.k.a. Vida, “in the heart of the bustling Mission District”), returned to…
Asking Rents in Oakland Drop, Lowest in Over a Year
The average asking rent for an apartment in Oakland, which had ticked up in August, suddenly dropped 4 percent in September to $2,475 per month, which is over 5 percent…
Purchase Mortgage Activity Inches Up, But…
Having dropped 6 percent the week prior, the number of applications to secure a purchase mortgage loan for an existing home in the U.S., which hit a 28-year low last…
Asking Rents in S.F. Haven’t Budged Since March, Inventory Ticking Up
While the cost of capital continues to rise, the weighted average asking rent for an apartment in San Francisco proper has now held firm at roughly $3,600 a month for…
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Trendy Two-Bedroom Drops Further Below Its 2018 Price
Purchased for $1.398 million in May of 2018, 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,”…
Pace of Home Sales in San Francisco Ticks Up, Still Down
The net number of homes on the market in San Francisco, including both condos and single-family homes, ticked up 10 percent over the past week but was still down 11…
Number of Homes on the Market in San Francisco Holds
The net number of homes on the market in San Francisco, including both condos and single-family homes, was unchanged over the past week, with a 2 percent drop in listings…
Benchmark Mortgage Rate Nears a 23-Year High, Jumbos Jump
The average rate for a benchmark 30-year mortgage ticked up another 12 basis points (0.12 percentage points) over the past week to 7.31 percent, which is 61 basis points higher…
Apples-to-Apples for an Elegant Nob Hill Pad
Purchased for $1,275,000 in October of 2019, the “elegant and spacious” unit #502 at 850 Powell Street, an 1,800-square-foot, three-bedroom condo in the “fabulous luxury doorperson building” dubbed The Francesca,…