As we noted two weeks ago, pending home sales activity in San Francisco, which peaked in April, was on track to drop on a year-over-year basis “within the next few weeks.” And in fact, for the first time since June of last year, there are fewer single-family homes and... Read More »

Despite some recent misreports to the contrary, apartment rents in San Francisco have not risen 18 percent since the start of the year. The weighted average asking rent for an apartment in the city has rebounded around 10 percent from its pandemic-era low last quarter, however, including a 1... Read More »

Purchased for $1.945 million in April of 2018, the two-bedroom, two-bath unit #27B in the Lumina tower at 201 Folsom Street, which “exemplifies urban luxury,” with high-end finishes and city views, returned to the market listed for $2.099 million in February of 2019. Subsequently reduced to $1.999 million while... Read More »

Having ticked up 2.6 percent in May, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – ticked up another 2.6 percent in June and is now up 21.9 percent on a year-over-year... Read More »

Having dropped 1.9 percent in June, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped another 1.8 percent in July to 110.7 and is now down 8.5 percent on a year-over-year basis, a sharp reversal... Read More »

To quote a new report from San Francisco’s Office of the Controller and Economic Analysis, “the emergence of the Delta variant has stalled aspects of the city’s economic recovery,” with a pullback in the amount of time residents have spent outside their homes; another dip in office attendance; and... Read More »

The average rate for a benchmark 30-year mortgage, which inched up 10 basis points (0.10 percentage points) two weeks ago, has effectively held at 2.87 percent, which is 4 basis points below its mark at the same time last year and within 21 basis points of its all-time low.... Read More »

Having peaked in April, the number of single-family homes and condos in contract to be sold across San Francisco has since dropped 25 percent, albeit with typical seasonality in play. And while there are still around 10 percent more homes in contract across San Francisco than there were at... Read More »

While the seasonally adjusted pace of new single-family home sales in the U.S. ticked up 1.0 percent in July to an annualized rate of 708,000 sales, the current pace of sales is over 27 percent lower than at the same time last year and down 29 percent since the... Read More »

Designed by Baran Studio Architecture and listed for “$849,000” in June of 2016, despite its nearly identical sister home with a yellow door having sold for $1.025 million the month prior, the sale of the modern West Oakland infill home at 864 Wood Street closed escrow with a contract... Read More »