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Articles Filed Under: Trends

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Benchmark Mortgage Rate Keeps Ticking Up

Benchmark Mortgage Rate Keeps Ticking Up

The average rate for a benchmark 30-year mortgage ticked up another 20 basis points (0.20 percentage points) over the past week to 6.32 percent, which is 240 basis points higher than at the same time last year and 367 basis points, or nearly 140 percent, higher than its all-time... Read More »

Purchase Mortgage Activity Continues to Drop, Down 40% YOY

With the average rate for a 30-year mortgage having ticked back over 6 percent and poised to rise, the seasonally adjusted volume of applications to secure a purchase mortgage loan for a home in the U.S. ticked down another 5 percent over the past week and was down 40... Read More »

Condo Conversion of the Warfield Theater Building, Take Two

Condo Conversion of the Warfield Theater Building, Take Two

Once again, don’t panic, The Warfield Theater itself isn’t being converted into condos a la the Lighthouse development across from Dolores Park. But plans to convert 25,000 square feet of the Gustav Albert Lansburgh designed Warfield Theater Building’s commercial space at 988 Market, across the top five floors of... Read More »

Number of Homes for Sale in San Francisco Set to Climb

Number of Homes for Sale in San Francisco Set to Climb

The net number of condos and single-family homes listed for sale in San Francisco (830) inched down 2 percent over the past week, which is typical for the week preceding Super Bowl Sunday, but remains 7 percent higher than at the same time last year, 30 percent higher than... Read More »

Buena Vista View Mansion Drops a(nother) Million

Buena Vista View Mansion Drops a(nother) Million

Purchased for $6.6 million in 2013, the 7,138-square-foot home at 15 Buena Vista Terrace, which was built on a double lot, with panoramic views and luxury finishes throughout, including a proper home theater and a 500-square-foot “party room” that opens to a 567-square-foot roof deck, returned to the market... Read More »

Mortgage Rates Inch Up, Odds of Rate Hikes As Well

Having briefly slipped under 6 percent, the average rate for a benchmark 30-year mortgage inched back up to 6.12 percent over the past week as the fed confirmed expectations for at least one more rate hike, and more likely two, over the next quarter, moves that shouldn’t catch any... Read More »

High-End Pied-à-Terre Relisted at a Loss

High-End Pied-à-Terre Relisted at a Loss

Purchased for $925,000 in March of 2018, unit #2E at 288 Pacific Avenue, “the perfect SF pied-a-terre” and “urban home in a beautiful full-service building…directly across the street from the Battery Club,” returned to the market priced at $1.045 million last March, a sale at which would have represented... Read More »

Pending Home Sales in S.F. “Jump” From a 6-Year Low

Having dropped to a six-year low in the absolute last month, the net number of homes in contract to be sold across San Francisco has since “jumped nearly 50 percent,” driven by typical seasonality. That being said, pending sales are still down over 30 percent on a year-over-year basis... Read More »

Average Asking Rent in S.F. Ticks Up, Inflation Slows

Average Asking Rent in S.F. Ticks Up, Inflation Slows

Having slipped at the end of last year with typical seasonality in play, the weighted average asking rent for an apartment in San Francisco ticked up 2 percent in January to $3,550 per month, which was less than 5 percent higher than at the same time last year and... Read More »

Benchmark Mortgage Rate Poised to Slip Under 6 Percent, But…

Benchmark Mortgage Rate Poised to Slip Under 6 Percent, But…

The average rate for a benchmark 30-year mortgage inched down another 4 basis points (0.04 percentage points) over the past week to 6.09 percent and is currently poised to slip back under 6 percent next week with the 10-year treasury rate having ticked down around 10 basis points following... Read More »