Average Asking Rent in S.F. Ticks Up for First Time in Eight Months, But…
The weighted average asking rent for an apartment in San Francisco ticked up a (1) percent over the past month to $3,330, representing the first uptick in eight months. That…
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Contemporary Little Saigon Condo Listed for Nearly 30 Percent Less
Developed by JS Sullivan and completed in 2019, the one-bedroom unit #301 in the 42-unit building at 719 Larkin Street sold for $685,000 in September of 2019, establishing a building…
Benchmark Mortgage Rate Continues to Climb
Having leapt back over 7 percent last week, the average rate for a benchmark 30-year mortgage has since ticked up another 7 basis points (0.07 percentage points) to 7.17 percent,…
Converted Cole Valley TIC Unit Fetches an “Over Asking!” Price
As we outlined earlier this year, the light-filled, top floor one-bedroom unit #5 at 762-764 Cole Street returned to the market listed for $950,000 this past September, having been purchased…
Purchase Mortgage Activity Ticks Down, Jumbo Rates Jump
Purchase mortgage application volume in the U.S. was effectively unchanged over the past week in the absolute but ticked down a (1) percent on a seasonally adjusted basis and was…
Pace of New Home Sales “Surged” Last Month, But…
Having dropped a downwardly revised 5.1 percent in February, the seasonally adjusted pace of new single-family home sales in the U.S. rebounded 8.8 percent in March and was 8.3 percent…
Inventory Ticks Up in San Francisco, Average Asking Price Down
The net number of single-family homes and condos on the market in San Francisco ticked up another 3 percent over the past week from a 13-year seasonal high, with 7…
Bay Area Employment Inches Up to Early 2016 Levels
While the net number of San Francisco residents with a job increased by 1,200 in March to 538,800, there were still over 16,000 fewer employed residents in the city than…
Expected Value of Rate Cuts Tumbles, Again
As we first outlined earlier this year, the expected value of the Fed’s rate cuts in 2024 was on the decline, with our analysis suggesting fewer than half the number…
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Big Price Cut for Luxury Condo Already Listed at a Loss
With the list price for the 2,567-square-foot, corner unit #22D in the Four Seasons Hotel and Residences at 765 Market Street having been dropped to $3.395 million last month, an…