Purchase Mortgage Activity Continues to Drop
Once again, despite some misreports of a “market rebound” earlier this month, purchase mortgage application volume in the U.S., which is a leading indicator for sales, ticked down another (1)…
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Index for Bay Area Home Values Slips, Condos Drop
Having ticked down a downwardly revised 1.1 percent in November, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area (i.e., “San Francisco,” which includes…
At Asking! (But Down Over 30 Percent in the Mission)
Purchased for $1.468 million in July of 2018, having been listed for $1.098 million at the time, the 1,027-square-foot, two-bedroom, two-bath unit #104 in the Union SF redevelopment at 2101…
New Home Sales Tick Up, Inventory Nearing a 15-Year High
The seasonally adjusted pace of new single-family home sales in the U.S. ticked up a percent and a half last month and was 2 percent higher than at the same…
Inventory Levels Tick Up in San Francisco, Asking Prices Down
The net number of condos and single-family homes listed for sale in San Francisco (i.e., inventory) ticked up another 3 percent over the past week despite a seasonally driven uptick…
Revised Plans for Historic Redevelopment Poised to Be Approved
With the pipeline of fully approved projects on the rise, the pace of construction slowing down, and more entitled projects being put up for sale or banked rather than preparing…
Lux View Home Now Listed for a Million Less
Purchased for $5.15 million in mid-2021, the four-bedroom view home at 60 Clarendon Avenue, which steps down the slope of Clarendon Heights to yield 3,650 square feet of conditioned space,…
Benchmark Mortgage Rate Nears 7 Percent
Following a key trend that shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30 year mortgage ticked up another 13 basis points (0.13 percentage points)…
Over Asking in Bayview
As we outlined earlier this year: Purchased for $1.170 million in early 2021, having been taken “down to the studs” and modernized, “with no details left unfinished,” back in 2019,…
Purchase Mortgage Activity Drops
Despite some misreports of a “market rebound” last week, purchase mortgage application volume in the U.S. dropped another 6 percent in the absolute, representing a 10 percent drop on a…