CFAH

Articles Filed Under: Trends

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Mortgage Application Volume Plummets

With the benchmark 30-year mortgage rate nearing a 20-year high, mortgage loan application volume plummeted over 14 percent last week, with a 13 percent drop in applications to purchase a home, both in the absolute and on a seasonally adjusted basis. And with last week’s plummeting, purchase mortgage application... Read More »

San Francisco’s Housing Pipeline Hits a New High

San Francisco’s Housing Pipeline Hits a New High

The total number of units in San Francisco’s housing pipeline, including affordable units that are slated to be rebuilt, hit a record high of over 80,000 in the first quarter of this year, according to our queries of Planning’s databases as mapped and distributed above. In addition to around... Read More »

Inventory Appears to Have Peaked, Reductions Still on the Rise

Driven by a slowdown in new listing activity versus an uptick in the pace of sales, the net number of homes on the market in San Francisco, which is currently 20 percent higher than at the same time last year and 45 percent higher than prior to the pandemic,... Read More »

Contemporary Two-Bedroom Listed Below Its Early 2014 Price

Contemporary Two-Bedroom Listed Below Its Early 2014 Price

Back in 2014, two-bedroom units in the Linea building at 8 Buchanan were being flipped for six figures more than their original contract prices mere months after the building opened, which isn’t uncommon when values are actually going up. Purchased for $1.2 million in April of 2014, the 989-square-foot,... Read More »

If You Think You Know Bernal, Now’s the Time to Tell

If You Think You Know Bernal, Now’s the Time to Tell

Purchased for $1.5 million in November of 2013, the 1,253-square-foot Dwell-ing at 330 Banks Street resold for $1.7 million in February of 2017, representing total appreciation of 13.3 percent over those three and a quarter years on an apples-to-apples basis, despite the “short term hold” and the property being... Read More »

Mortgage Rates Rocket Across the Board

Mortgage Rates Rocket Across the Board

The average rate for a benchmark 30-year mortgage jumped another 41 basis points (0.41 percentage points) over the past week to 6.70 percent, an average rate which is 123 percent higher than at the same time last year, 153 percent above last year’s all-time low, and the highest average... Read More »

Pricing Versus Reality

Pricing Versus Reality

As we outlined back in April: Purchased for $2.4 million in September of 2018, the two-bedroom, two-bath unit #40E near the top of the Infinity tower at 338 Spear Street, a 1,588-square-foot unit which features an open floor plan, large bedroom suite, two private decks, panoramic views and a... Read More »

Pace of New Home Sales Rebounds with Lower Prices

Pace of New Home Sales Rebounds with Lower Prices

Having dropped a downwardly revised 8.6 percent in July, the seasonally adjusted pace of new single-family home sales in the U.S. jumped 28.8 percent in August to an annualized rate of 685,000 sales, which is effectively even with the pace of sales at the same time last year but... Read More »

Biggest Drop in Bay Area House Values Since Early 2009

Biggest Drop in Bay Area House Values Since Early 2009

Having ticked down 1.3 percent in June, 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 – dropped 3.5 percent in July, representing the largest month-over-month decline for the index since the first... Read More »

Designer Mint Plaza Loft Now Listed Below Its 2011 Price

Designer Mint Plaza Loft Now Listed Below Its 2011 Price

Purchased for $1.4 million near the top of the previous market cycle in the fourth quarter of 2007 and then upgraded with a new kitchen, custom cabinetry, lighting and other designer finishes in 2008, the upgraded 2,000-sqaure-foot, two-bedroom loft #502 in the converted Hales Warehouse building at 2 Mint... Read More »