Rents in S.F. Increased 8 Percent in 2021, Still Depressed
The weighted average asking rent for an apartment in San Francisco effectively held at $3,325 in December, which is roughly 8 percent higher than at the beginning of the year…
Emergency Declaration for the Tenderloin Approved
San Francisco’s Board of Supervisors have concurred with the Mayor’s Declaration of a Local Emergency in the Tenderloin, an area defined by the San Francisco Police Department’s Tenderloin District boundaries,…
New Home Sales Up and Down, Inventory Climbs
Having dropped a downwardly revised 8.4 percent in October, the seasonally adjusted pace of new single-family home sales in the U.S. increased 12.4 percent in November to an annualized rate…
Redesigned, Rebuilt, Reduced and Resold
Purchased for $2,010,000 in November of 2013, the three-bedroom Pac Heights home with a rather challenging floor plan and multifaceted façade at 2523 Steiner Street returned to the market priced…
Proposed 13-Story Polk Gulch Development, Take Two
Speaking of small lots and big plans, having been stymied by the rules and allowances for either a State or local (HOME-SF) density bonus, the team behind the proposed 13-story…
Mortgage Rates Slip, Slated to Rise
With the Omicron surge rattling the market, driving bond yields down, the average rate for a benchmark 30-year mortgage slipped 7 basis points (0.07 percentage points) over the past week…
Big Plans for a Little Surplus Lot
Purchased from the City and County of San Francisco in a surplus property sale for $232,000 in 2006, plans to build a two-story, two-unit building on the little 880-square-foot lot…
Pace of Existing Home Sales Ticks Up, Down Year-Over-Year
Having inched up 0.8 percent in October, the seasonally adjusted pace of existing-home sales across the U.S. ticked up 1.9 percent in November to an annual rate of 6.46 million…
Plans for Decaying Block Officially Approved
As we outlined last month, the refined plans for the redevelopment of the decaying Portola District block at 770 Woolsey Street were slated for approval by San Francisco’s Planning Commission,…
Purchase Mortgage Activity in the U.S. Drops
Having ticked down 3 percent on a seasonally adjusted basis and 6 percent in the absolute, mortgage loan application volumes to purchase a home in the U.S. were down 9…