Listed Inventory Is Down 40 Percent in San Francisco, But…
Driven by a continued drop in new listing activity, as is typical for this time of the year, the net number of homes for sale across San Francisco ticked down…
Plans for Approved One Oak Tower Are Being Revised
While the plans for a 40-story, 319-unit tower to rise up to 420 feet in height at the intersection of Market, Oak and Van Ness Avenue were were approved back…
Bonus Plans for a Neighborhood Infill Project on the Boards
Purchased for $1.35 million this past March, plans to raze the 1,045-square-foot, single-family home which sits on a 3,436-square-foot lot at 2083 Ellis Street are in the works. And as…
COVID Case Rate Spikes in San Francisco, Hospitalizations Jump
While 69 percent of San Francisco residents have been fully vaccinated for COVID-19, and another 7 percent of the population has received their first dose of the vaccine, the Covid-19…
Pending Home Sales Slip Despite an Uptick in Inventory
Having rebounded in May, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity dropped 1.9 percent in…
15-Year Mortgage Rate Drops to a New All-Time Low
While the average rate for a benchmark 30-year mortgage inched up 2 basis points (0.02 percentage points) over the past week to 2.80 percent, it remains 19 basis pointsd below…
Penthouse Shells Finally Trade, One Intended as a Flip
Originally priced at $11.495 million, to which a $1.55 million “buildout incentive” was subsequently attached, prior to a series of outright price reductions, the sale of the 5,700-square-foot penthouse shell…
Mortgage Loan Application Volume in the U.S. Increases, But…
Mortgage loan application volume in the U.S. ticked up 6 percent over the past week, according to the Mortgage Bankers Association. But with the benchmark 30-year mortgage rate back under…
Index for Bay Area House Values Up 18.2 Percent
Having gained 3.3 percent in April, 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…
New Home Inventory in the U.S. Is Nearing a 13-Year High
The seasonally adjusted pace of new single-family home sales in the U.S. dropped 6.6 percent in June to an annualized rate of 676,000 sales, which is 19.4 percent lower than…