Articles Filed Under: Trends

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Benchmark Mortgage Rate Just Hit a New All-Time Low

Benchmark Mortgage Rate Just Hit a New All-Time Low

Having slipped back under 3 percent last week, the average rate for a benchmark 30-year mortgage has dropped another 11 basis points to 2.88 percent, which is 72 basis points below its mark at the same time last year and a new all-time low, according to Freddie Mac’s latest... Read More »

Apples-to-Apples for a Contemporary Cow Hollow Home

Apples-to-Apples for a Contemporary Cow Hollow Home

Purchased for a below-asking price of $4.35 million in November of 2014, the contemporary Cow Hollow home on a “coveted tree-lined block” at 2837 Greenwich Street returned to the market priced at $5.5 million this past April, a sale at which would have represented total appreciation of 26.4 percent... Read More »

Price for Hacker Church and Rectory Dropped Nearly 50 Percent

Price for Hacker Church and Rectory Dropped Nearly 50 Percent

As we outlined in October of last year: Built in 1912, the 15,000-square-foot Our Lady of Guadalupe Church at 906 Broadway was designated San Francisco Landmark #204 back in 1993. The Archdiocese of San Francisco sold the church along with the adjacent 4,700-square-foot residential building, uphill at 908 Broadway,... Read More »

Reductions Rise as Inventory Levels Jump

With inventory levels in San Francisco having just hit recession-era levels, the number of homes on the market which have undergone at least one official price cut has ticked up another 20 percent in the absolute over the past two weeks to over 400. As such, there are now... Read More »

Recession-Era Inventory Levels Hit San Francisco

Recession-Era Inventory Levels Hit San Francisco

Having hit a 10-year seasonal high last week, the number of homes on the market in San Francisco, net of new sales and contract activity, has ticked up another 3 percent to 1,470, representing 150 percent more homes on the market than at the same last year (580) and... Read More »

Apples-to-Apples for an Updated Noe Edwardian

Apples-to-Apples for an Updated Noe Edwardian

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 »

Local Unemployment Claims Inch Up

Local Unemployment Claims Inch Up

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 »

Benchmark Mortgage Rate Slips Back Under 3 Percent

Benchmark Mortgage Rate Slips Back Under 3 Percent

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 »

Asking Rents in San Francisco Continue to Drop, Listings Spike

Asking Rents in San Francisco Continue to Drop, Listings Spike

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 »

Pending Home Sales in the U.S. Jumped in June

Pending Home Sales in the U.S. Jumped in June

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 »