Pending Home Sales Tick Down 2.6 Percent Nationally
Having slipped one (1) percent in October, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, ticked…
Oakland Rents Tick Down, Listing Activity Up 2X
While the average asking rent for an apartment in Oakland hasn’t declined as much as it has in San Francisco, either in the absolute or relatively, it has ticked down…
Luxury One-Bedroom Drops $200K Since Mid-2019
Purchased for $1.225 million in May of last year, near the height of the industry-driven “wave of millionaires” misreports, the garden view unit #4C in the Lumina mid-rise at 333…
Index for Bay Area House Values Inches Up, Condos Slip
Having ticked up an upwardly revised 1.3 percent in September, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East…
Average Rent in San Francisco Dropped $1,000 In 2020
With the average asking rent for a one-bedroom apartment in San Francisco having dropped 23 percent over the past year to under $2,700 a month and the average asking rent…
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More Units for Fewer Residents Closer to Reality
As we first reported earlier this year, a proposed revision to the previously approved plans for a new 13-story, mixed-use building to rise on the site of the columned Fifth…
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San Francisco’s Housing Pipeline Held in Q3
With new permitting and entitlement activity having effectively ground to a halt in the third quarter of this year while construction crews continued to work and deliver new units, the…
Pace of Home Sales in the U.S. Slips, Mix Drives Median Price Up
Having hit a 14-year high in October, the seasonally adjusted pace of existing-home sales across the U.S. slipped 2.5 percent in November to an annual rate of 6.69 million sales,…
A Misleading Drop in the Bay Area Unemployment Rate
Despite the unemployment rate in San Francisco having declined from 6.7 percent in October to 5.7 percent in November, the number of people living in San Francisco with a paycheck…
Apples-to-Apples in the Heart of Hayes Valley
Billed as the “ultimate urban oasis for the savvy buyer,” the top floor, two-bedroom, two-bath unit #502 at 300 Ivy Street, a LEED Platinum development in the heart of “trendy…