High-End Condo Finally Trades for 30.8% Below Its 2018 Price
As we outlined last month: While not recorded on the MLS, the three-bedroom, three-bath unit #60A at 181 Fremont Street appears to have been purchased for $5,772,672 in May of…
Mortgage Application Volume Drops Back Down to a 22-Year Low
Mortgage loan application volumes in the U.S. dropped 6.3 percent on a seasonally adjusted basis last week, with a 7 percent seasonally adjusted drop in purchase mortgage activity, which was…
Purchase Activity for New Homes Drops Despite (Much) More Inventory
Despite the fact that the number of new homes on the market across the U.S. is up nearly 35 percent on a year-over-year basis to a 14-year high, mortgage loan…
Office Vacancy Rate in S.F. Was Holding at a Pandemic High
Having hit a pandemic high of 21.7 percent in the first quarter of 2022, the effective office vacancy rate in San Francisco was unchanged in the second quarter of this…
Specter of an Even Bigger Rate Hike Looms
Having dropped half a percentage point from its 13-year high of 5.81 percent last month, driven by increasing concerns of a recession and hard landing, the average rate for a…
Purchase Mortgage Activity Drops, Average Loan Size as Well
Having inched up from a 22-year low last month, Mortgage loan application volume in the U.S. ticked down 1.7 percent on a seasonally adjusted basis last week, including a 4…
Number of Homes for Sale in S.F. Up Over 35 Percent YOY
With an ongoing slowdown in the pace of sales, the net number of homes on the market in San Francisco ticked up 9 percent over the past week and is…
Pending Home Sales in San Francisco Continue to Drop
Despite a marked increase in inventory, which has been up over 30 percent on a year-over-year basis over the past two months, the number of single-family homes and condos in…
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Contemporary One-Bedroom Condo Slips Below Its 2016 Price
Purchased for $650,000 in March of 2016, the 545-square-foot, one-bedroom unit #206 at 870 Harrison Street, which was built by JS Sullivan in 2015 and features “floor-to-ceiling windows with an…
Benchmark Mortgage Rate Drops Over Half a Point, But…
Having hit 5.81 percent two weeks ago, which was the highest average rate since November of 2008 and above-average over the past 30 years, the average rate for a benchmark…