New Home Demand Down 25 Percent, Average Loan Size Drops
While the number of new homes on the market across the nation is approaching a 15-year high, with over 20 percent more inventory than at the same time last year,…
Hayes Valley Penthouse Trades for Over 30 Percent Less
As we outlined last month: Positioned as part of “The Penthouse Collection at 8 Octavia,” the modern two-bedroom, two-bathroom unit PH-2 atop the Hayes Valley development sold for $1.5 million…
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East Bay
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Marin (And Points North)
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Bay Area Employment Atypically Drops, Trending Down
While the number of people living in San Francisco with a paycheck typically ticks up in both October and November, driven by seasonal hiring for the holidays, net employment actually…
Reductions, Rent and a Harsh Reality Part Two
As we outlined back in October: Purchased for $1.650 million in July of 2016, the 1,366-square-foot, two-bedroom unit #7E in the Lumina tower at 201 Folsom Street, an interior facing…
Asking Rents in Oakland Tick Up, Nearing Pre-Covid Rates
While the weighted average asking rent for an apartment in San Francisco dropped 3 percent in November, the average asking rent in Oakland ticked up ticked up a little over…
Delay for Campus Redevelopment, as Dictated, Formally Sought
While building permits for the approved redevelopment of CPMC’s nearly 5-acre California Hospital Campus at 3700 California Street were in the works, and TMG Partners had been positioning to break…
Industry Stuff
Listings (for sale)
New Developments
Real Estate Economics
RealRecentReductions
Trends
Single-Family Home Inventory Is Building Up
While the number of homes listed for sale in San Francisco ticked down 7 percent in the absolute over the past week with typical seasonality in play, there are still…
Entitlement for Van Ness Redevelopment Sought, But…
As we outlined last year, plans to redevelop the 5-story building on the northwest corner of Van Ness and Pacific Avenues were on the boards, plans which would have converted…
Homebuyer Sentiment Remains Low Despite Drop in Rates
As expected, the average rate for a benchmark 30-year mortgage dropped another 16 basis points (0.16 percentage points) over the past week to 6.33 percent but remains over twice as…
Demand Drops in “Rapidly Cooling Home-Price Environment”
With the average loan size on applications to purchase a home across the nation having dropped to a two-year low, which, in the euphemistic words of the Mortgage Bankers Association,…