Pending Home Sales in S.F. Down Over 20 Percent YOY
The number of single-family homes and condos in contract to be sold in San Francisco is currently 22 percent lower than at the last time last year, at which point…
Average 30-Year Mortgage Rate Inches Down to 7.12 Percent
The average rate for a benchmark 30-year mortgage has inched down 11 basis points (0.11 percentage points) over the past two weeks, from a 22-year high of 7.23 percent to…
Purchase Mortgage Activity Back Down to a 28-Year Low
Having ticked up 2 percent from a 28-year low in mid-August, the number of applications to secure a purchase mortgage loan for an existing home in the U.S. dropped 5…
Big Price Cut for Coveted Russian Hill Corner Site and Plans
As we outlined back in 2019: Having sat vacant since the former house which had occupied the prime Russian Hill parcel on the northwest corner of Broadway and Taylor was…
Number of Homes on the Market in S.F. Ticks Down, But…
Having jumped 10 percent late last month, the net number of homes on the market in San Francisco, including condos, has ticked back down but remains around 10 percent lower…
Asking Rent in San Francisco Hasn’t Budged in 6 Months
While the cost of capital continues to rise, the weighted average asking rent for an apartment in San Francisco proper has now held firm at roughly $3,600 a month for…
Asking Rents in Oakland Tick Up but Unchanged YOY
Having ticked down in the second quarter of 2023, the weighted average asking rent for an apartment has since ticked up around 2 percent to $2,575 per month, which is…
Coveted Lower Pacific Heights Condo Trades (Further) Down
Having sold for $2.1 million in September of 2018, the 1,900-square-foot, full-floor condo at 1940 Bush Street, which “dazzles with great period details and contemporary finishes,” a few blocks from…
Exceptionally Luxurious Condo Trades Down Over $400K
Purchased for $2.47 million in October of 2017, the “exceptionally luxurious Lumina condo” unit #36C, “featuring stunning panoramic views of the Bay Bridge, Bay and San Francisco,” along with high-end…
Approved Development Now Listed at a Larger Loss, Plus…
As we revealed last year: Acquired for $4.125 million in June of 2016, plans to level the shuttered nightclub space at 280 7th Street – a through block building which…