Bay Area Employment Nearly Back to Its Pre-Pandemic Count
Having slipped in June, the net number of people living in San Francisco with a paycheck increased by 9,800 in July to 564,200. As such, there are not only 42,300…
Mortgage Applications Drop with Rapidly Drying Up Demand
Having inched up 0.2 percent on a seasonally adjusted basis last week, mortgage loan application volume in the U.S. has since dropped 3.0 percent in the absolute or 2.3 percent…
Number of Homes for Sale in San Francisco Drops, But…
Having hit a seasonal peak last month, which shouldn’t have caught any plugged-in readers by surprise, the net number of homes on the market in San Francisco (i.e., inventory) has…
Benchmark Mortgage Rate Jumps Back Over 5 Percent
Having dropped under 5 percent for the first time in four months last week, driven by an “increased risk of a formal recession and declining consumer confidence overall,” the average…
Purchase Mortgage Activity Ticks Down Despite Lower Rates
While mortgage loan application volume in the U.S. inched up 0.2 percent on a seasonally adjusted basis over the past week overall, driven by a 4 percent increase in the…
Bonus-Sized Development Approved, Seeking a Buyer to Build
Having been entitled last month, the supersized plans for a 50-unit development to rise up to 65 feet in height on the shuttered Mission District garage site at 1721 15th…
Over 40% More Sub-Million Dollar Homes on the Market in SF
While the net number of condos and single-family homes listed for sale in San Francisco (1,160) ticked down 2 percent over the past week, as is typical for the first…
Another Fully-Approved, Unbuilt Development Hits The Market
While plans to raze the shuttered Schwarz/Home/Engelhart sausage outlet at 1726-1730 Mission Street and develop a six-story building upon the Mission District site were approved back in 2017, and building…
Benchmark Mortgage Rate Plunges Back Under 5 Percent
Despite the Fed’s recent rate hikes, the average rate for a benchmark 30-year mortgage had plunged from 5.81 to 4.99 percent over the past six weeks, including a 31 basis…
Asking Rents in San Francisco Jump, Poised to Rise
Having hit $3,575 at the end of June, the weighted average asking rent for an apartment in San Francisco has since jumped another 5 percent to $3,750 a month, which…