Mortgage Credit Availability Slips on Jumbo Lending Concerns
Having dropped to a 10-year low in June, mortgage credit availability, as indexed by the Mortgage Bankers Association, inched down another 0.3 percent in July to its lowest level since…
Number of Homes on the Market in S.F. Drops, Prices Too
The net number of single-family homes and condos on the market in San Francisco ticked down 6 percent over the past week and is now 18 percent lower than at…
Index Versus the “Over Asking” Reality for a Single-Family Starter Home
As we outlined last month, the single-family starter home at 458 Mangels Avenue, “a charming Edwardian, nestled on a tranquil street in the Sunnyside Neighborhood” which had been purchased for…
Upgraded Archetype Edwardian Fetches Its 2020 Price
Purchased for $2.9 million in December of 2020, the previously remodeled “archetype Edwardian” at 4334 19th Street, a four-bedroom, two-bathroom home in the Castro with a “fantastic backyard and exceptional…
Homebuying Activity in the U.S. Drops, Down 26 Percent Year-Over-Year
The number of applications to secure a purchase mortgage loan for an existing home in the U.S. dropped another 3 percent over the past week on both an absolute and…
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Ultra-Luxury San Francisco Condo Trades “Near Asking!” (For Millions Less)
Speaking of high-end properties in prestigious San Francisco neighborhoods, the resale of the two-bedroom corner unit #2905 near the top of the iconic Russian Hill “Summit” at 999 Green Street,…
Bubble (Or Not)
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Price for Russian Hill Heirloom Home Has Dropped 50 Percent
The 6,300-square-foot Russian Hill home at 875 Francisco Street, an “heirloom property in one of S.F.’s most prestigious exclusive locations,” hit the market priced at $15.5 million in February of…
Inventory Levels Still Above Average in S.F., Prices Ticking Down
Despite a 25 percent drop in new listing activity, the net number of single-family homes and condos on the market in San Francisco only ticked down 1 percent over the…
Benchmark Mortgage Rate Inches Up, Poised to Hold
The average rate for a benchmark 30-year mortgage inched up 3 basis points (0.03 percentage points) over the past week to 6.81 percent, which was 151 basis points higher than…
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Price for Prestigious Nob Hill Penthouse Has Dropped by a Third
Purchased for $7 million at the end of 2013 and then completely renovated, with custom millwork, Venetian plaster, Italian marble, and high end finishes throughout, the 4,320-square-foot, two-level penthouse unit…