Purchased for $2.8 million in April of 2015, the updated Noe Valley Edwardian with “an ideal layout” at 936 Noe Street, three blocks from the main drag, returned to the market priced at $2.995 million thus past March, a sale at which would have represented total appreciation of only... Read More »

Having dropped by nearly 60 percent in May, the number of San Francisco residents that filed a new/initial unemployment claim was effectively unchanged at 24,256 in June (versus having averaged closer to 5,000 a month since the end of the Great Recession, during which monthly filings never crossed the... Read More »

Having inched up last week, the average rate for a benchmark 30-year mortgage is now back under 3 percent by a basis point (2.99 percent) and 76 basis points below its mark at the same time last year (3.75 percent), according to Freddie Mac’s latest Mortgage Market Survey data.... Read More »

In a move that shouldn’t catch any plugged-in readers by surprise, the weighted average asking rent for an apartment in San Francisco has dropped another 4 percent over the past few weeks and is now down to $3,700 a month. While $3,700 a month isn’t exactly “cheap,” it’s nearly... Read More »

Having rebounded 44 percent in May following two months of twenty-plus percent declines, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, jumped another 16.6 percent in June to an above-average 116.1, which is 6.3 percent... Read More »

Having inched up to an all-time high in April, 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 – slipped 0.2 percent in May and the year-over-year gain for the index inched down... Read More »

The number of homes on the market in San Francisco, net of new sales and contract activity, ticked up another 4 percent over the past week to 1,420, representing 120 percent more inventory than there was at the same last year and a 10-year seasonal high. At a more... Read More »

The seasonally adjusted pace of new single-family home sales in the U.S. rebounded from the pandemic-driven hits the market took in March and April (at which point the annualized pace was down 14.0 percent versus the same time last year) and climbed to an annualized rate of 776,000 sales... Read More »

As we outlined earlier this year: Back in 2007, the 1,670-square-foot, two-bedroom unit #27C in the St. Regis Museum Tower building at 188 Minna Street quickly fetched the $2.75 million price at which it was listed, financed by the Hong Kong-based Bank of East Asia. Featuring “one of St.... Read More »

Having dropped to an unprecedented sub-3 percent rate last week, the average rate for a benchmark 30-year mortgage has since inched up 3 basis points (0.03 percentage points) to 3.01 percent, which is still 74 basis points below its mark at the same time last year, according to Freddie... Read More »