Benchmark Mortgage Rate Inches Back Up, Odds of an Easing Nil
The average rate for a benchmark 30-year mortgage inched back up 6 basis points (0.06 percentage points) over the past week to 7.18 percent and is back to within 5…
Asking Price Per Square Foot in S.F. Drops to a Six-Year Low
While the number of single-family homes and condos on the market in San Francisco jumped last week and listed inventory levels are 30 percent higher, not lower, than average for…
Apples To Apples
Bay Buildings
Industry Stuff
Listings (for sale)
Neighborhoods
Real Estate Economics
RealRecentReductions
Trends
Entry-Level Mid-Market Condo Now Listed for 36 Percent Less
As we noted when the 672-square-foot, “once-in-a-lifetime” unit #306 at 1075 Market Street (a.k.a. “Stage 1075”) was quietly listed for 26 percent less than its 2018 price back in June,…
Apples To Apples
Bay Buildings
Bubble (Or Not)
Industry Stuff
Listings (for sale)
Neighborhoods
Real Estate Economics
RealRecentReductions
Trends
Luxury Living in San Francisco for More Than a Million Less
Purchased for $5.475 million in April of 2015, the three-bedroom, 2,569-square-foot unit #28D in the Four Seasons Residences at 765 Market Street returned to the market priced at $5.475 million…
Number of Homes on the Market in S.F. Jumps, Pricing Drops
The net number of homes on the market in San Francisco, including condos, jumped over 20 percent last week following a typical holiday drop. As such, while listed inventory levels…
Pending Home Sales in S.F. Down Over 20 Percent YOY
The number of single-family homes and condos in contract to be sold in San Francisco is currently 22 percent lower than at the last time last year, at which point…
Average 30-Year Mortgage Rate Inches Down to 7.12 Percent
The average rate for a benchmark 30-year mortgage has inched down 11 basis points (0.11 percentage points) over the past two weeks, from a 22-year high of 7.23 percent to…
Purchase Mortgage Activity Back Down to a 28-Year Low
Having ticked up 2 percent from a 28-year low in mid-August, the number of applications to secure a purchase mortgage loan for an existing home in the U.S. dropped 5…
Big Price Cut for Coveted Russian Hill Corner Site and Plans
As we outlined back in 2019: Having sat vacant since the former house which had occupied the prime Russian Hill parcel on the northwest corner of Broadway and Taylor was…
Number of Homes on the Market in S.F. Ticks Down, But…
Having jumped 10 percent late last month, the net number of homes on the market in San Francisco, including condos, has ticked back down but remains around 10 percent lower…