Homebuying Activity Drops, Average Loan Size as Well
Measured prior to the July 4 holiday, the number of applications to secure a purchase mortgage loan for an existing home in the U.S. ticked down 5 percent on a…
Number of Homes on the Market in San Francisco Drops
Driven by a jump in the cost of debt, back to historical norms, and an associated drop in values that sellers are either unable or unwilling to accept in order…
Average Asking Rent in San Francisco Didn’t Budge in Q2
The weighted average asking rent for an apartment in San Francisco effectively held at $3,600 a month in the second quarter of 2023, which is one (1) percent higher than…
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Developer Declares Bankruptcy, Development Further Reduced
With the financiers of the finished 25-unit development which is sitting vacant at 603 Tennessee Street, across the street from UCSF’s Mission Bay Campus, a block from Chase Center and…
Benchmark Mortgage Rate Inching Up, Another Hike Looms
The average rate for a benchmark 30-year mortgage inched back up 4 basis points (0.04 percentage point) over the past week to 6.71 percent, which is 101 basis points higher…
Asking Rents in Oakland Drop Below Pre-Pandemic Rates
Having effectively held for a quarter, the average asking rent for an apartment in Oakland has started to drop, ticking down a little over 2 percent over the past month…
New Home Sales in the U.S. Jump, Discounting in Play
The seasonally adjusted pace of new single-family home sales in the U.S. jumped over 12 percent from April (680,000) to May (763,000) and was 20 percent higher than at the…
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Index for Bay Area Home Values Ticks Up, Down 11 Percent YOY
Having gained a seasonally driven 3 percent in March, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay,…
Model Condo Fetches Nearly 20 Percent Less
Listed by the sales office for $2.525 million or roughly $1,686 per square foot in November of 2021, the model two-bedroom, two-bath unit #30A in the twisty MIRA tower at…
Homebuying Activity Inches Up but Drops Year-Over-Year. And…
The number of applications to secure a purchase mortgage loan for an existing home in the U.S. inched up 0.1 percent over the past week in the absolute and 2…