Rents in San Francisco Drop, Availability Up
Having ticked down a percent in October, the weighted average asking rent for an apartment in San Francisco has since dropped another 3 percent to $3,575 per month and has…
Inventory, Sales and Prices Drop in San Francisco
Driven by a slowdown in listing activity, the net number of homes on the market in San Francisco dropped 8 percent over the past week but remains 35 percent higher…
Prestigious High-Rise Unit Trades for 23 Percent Less
Speaking of “San Francisco’s best condominium project,” the apples-to-apples-to-apples re-sale of the three-bedroom, three-bath unit #32E in the Lumina tower at 338 Main Street has closed escrow. Purchased for $3.25…
Benchmark Mortgage Rate Drops to 6.49 Percent, But…
The average rate for a benchmark 30-year mortgage ticked down 9 basis points (0.09 percentage points) over the past week to 6.49 percent, which is only 109 percent higher than…
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Index for Bay Area Home Values Has Dropped Nearly 12%
Having dropped 4.3 percent in August, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and…
Price per Square Foot in San Francisco Keeps Dropping
With a pronounced drop in sales and jump in reductions, the list price per square foot of the homes which are in contract across San Francisco, which is a leading…
Food for Thought 2022
Having been completely restored and remodeled to yield “unparalleled luxury and refinement,” the nearly 6,900-square-foot, six-bedroom Pacific Heights home with multiple living, dining and outdoor spaces; a guest suite, sauna…
Buyers are Borrowing/Paying Less for Homes
Mortgage loan application volume to finance the purchase of a home in the U.S. was only 41 percent lower on a year-over-year basis last week versus 46 percent lower the…
Pace of New Home Sales Ticks Up, Still Down
Having dropped in September, the seasonally adjusted pace of new single-family home sales in the U.S. ticked up 7.5 percent in October to an annualized rate of 632,000 sales, which…
Reductions Jump, Price Per Square Foot Drops in San Francisco
While pending home sales are down nearly 50 percent in San Francisco, the number of homes on the market (i.e., inventory) is currently 35 percent higher than it was at…