Pace of Home Sales in San Francisco Down 30 Percent YOY
The pace of home sales in San Francisco, which had ticked up in May, has since dropped on both an absolute and seasonally adjusted basis, with around 30 percent fewer…
Asking Rents for East Bay Office Space on the Decline
The office vacancy rate in the East Bay, not including Walnut Creek or further east nor life science/lab space, inched up 60 basis points in the second quarter of this…
Homebuying Activity Slips, Down 21 Percent YOY
The number of applications to secure a purchase mortgage loan for an existing home in the U.S. slipped a (1) percent on a seasonally adjusted basis over the past week,…
Number of Homes on the Market Ticks Up, List Prices Down
The net number of single-family homes and condos on the market in San Francisco ticked up 3 percent over the past week. While still down around 20 percent on a…
Enough Empty Office Space for Nearly 180,000 People in S.F.
As we outlined last week, the amount of vacant office space in San Francisco has ticked over 23 million square feet. For context, the 1,070-foot-tall Salesforce/Transbay tower at First and…
Another 2 Million Square Feet of Vacant Office Space in San Francisco
The effective office vacancy rate in San Francisco ticked over 27 percent in the second quarter of this year, representing over 23 million square feet of vacant office space spread…
Benchmark Mortgage Rate Jumps, Still Below Average
The average rate for a benchmark 30-year mortgage jumped 15 basis points (0.15 percentage point) over the past week to 6.96 percent, which is 145 basis points higher than at…
Jumbo Loan Availability Continues to Tighten
While overall mortgage credit availability in the U.S. inched up 0.1 percent in June, to its second lowest level since January of 2013, as indexed by the Mortgage Bankers Association,…
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If You Think You Know Pac Heights, Now’s the Time to Tell
Purchased for $13.075 million in December of 2015, the nearly 9,200-square-foot, Albert Farr designed “Beaux Arts-era masterpiece” at 2660 Scott Street, “in one of the City’s most sought-after and vibrant…
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Price for Big Bernal Heights Infill Project Parcels Reduced
As we outlined earlier this year, plans for ten new view residences to rise on and behind the undeveloped Bernal Heights lot(s) at 1513 York Street, with “a park-like, campus-style…