Another Approved Tower Not Positioning to Break Ground
As we outlined and suggested earlier this year: The refined plans for a 14-story tower with a variegated upper mass to rise upon the Polk Gulch parcel at 925 O’Farrell…
Inventory Levels Keep Climbing in San Francisco
Tracking a couple of trends that shouldn’t have caught any plugged-in readers by surprise, the net number of homes on the market in San Francisco ticked up another 3 percent…
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East Bay
Industry Stuff
Marin (And Points North)
Real Estate Economics
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Trends
Over 570,000 Bay Area Jobs Have Been Recovered, 79K to Go
Having slipped in April, the net number of people living in San Francisco with a paycheck inched up by 1,100 in May to 556,100. As such, there are now 48,900…
Benchmark Mortgage Rate Rockets, Nearing 6 Percent
The average rate for a conforming 30-year mortgage rocketed 55 basis points (0.55 percentage points) over the past week to 5.78 percent which is the highest average rate since November…
All Eyes on The Fed and Projected Rate Hike(s), Again
The probability of the Fed raising the federal funds rate by three quarters of a percentage point (75 basis points) this afternoon has jumped from under 10 percent last week…
Exceptional and Luxurious View Condo Fetches…
As we outlined back in March, the 2,053-square-foot, three-bedroom unit #3501 in The Avery at 488 Folsom Street, which was purchased for $3.75 million in July of 2019, features “an…
Number of Homes for Sale in San Francisco Up 30 Percent YOY
Driven by a pronounced slowdown in the pace of sales, the net number of homes on the market in San Francisco is currently 30 percent higher than at the same…
Pending Home Sales in San Francisco Down Nearly 30 Percent
As we outlined at the end of May: Having slipped in April, representing an atypical decline in activity in the midst of the traditional spring buying/selling season, the number of…
Benchmark Mortgage Rate Ticks Back Up, Poised to Climb
Having inched down to 5.09 percent last week, the average rate for a conforming 30-year mortgage has since ticked back up to 5.23 percent which is back to within 7…
Mortgage Application Volume in the U.S. Drops to a 22-Year Low
Mortgage loan application volume dropped another 6.5 percent last week on a seasonally/holiday adjusted basis and 17 percent in the absolute, with a 6 percent adjusted drop in applications to…