Enough Empty Office Space for 160,000 People in San Francisco
As we outlined yesterday, the amount of vacant office space in San Francisco has just hit a new pandemic-era high of nearly 21 million square feet. For context, the 1,070-foot-tall…
Purchase Mortgage Activity Jumps
Having dropped to a 9-year low last week, the seasonally adjusted volume of applications to secure a purchase mortgage loan for a home in the U.S. has since jumped 25…
Office Vacancy Rate in San Francisco Hits an Even Higher High
Having hit a pandemic-era high of 23 percent in the third quarter of last year, the effective office vacancy rate in San Francisco has since ticked up another 110 basis…
Inventory Up, Home Sales and Prices Down in San Francisco
The net number of condos and single-family homes listed for sale in San Francisco ticked up 10 percent over the past week and is currently running 20 percent higher than…
Purchase Mortgage Activity Drops to a 9-Year Low
The seasonally adjusted volume of applications to secure a purchase mortgage loan for a home in the U.S. ticked down another (1) percent over the past week. As such, purchase…
Pace of Home Sales in San Francisco Continues to Drop
Despite the fact that inventory levels are significantly higher and asking prices have dropped, the number of homes in contract to be sold across San Francisco is down over 30…
Stickiness of Home Prices in San Francisco Is Slipping
Having dropped to its lowest level in five years last week, the average price per square foot of the homes which are in contract in San Francisco, which is a…
Mortgage Rates Inch Up, Odds of More Rate Hikes As Well
While mortgage application volume dropped to a quarter century low at the end of 2022, despite a pullback in mortgage rates in the fourth quarter of last year, the average…
Price for Over 14 Acres of Paradise Reduced Nearly 70 Percent
Positioned as “the largest remaining undeveloped residential waterfront parcel in Marin County, and possibly the entire San Francisco Bay Area,” the 14.5-acre parcel at 2800 Paradise Drive in Tiburon, a…
Mortgage Application Volume Ended 2022 Near a 30-Year Low
With the seasonally adjusted volume of applications for purchase mortgage loans across the U.S. having dropped 12 percent over the last two weeks of last year, purchase mortgage application volume…