Mortgage Loan Application Volumes in the U.S. Slip
With pending home sales activity in the U.S. having started to slip at the end of last year, mortgage loan application volumes have slipped as well, with application volumes for…
Free Rent Drops Vacancy Rates for Larger Buildings in S.F.
Having ticked up to over 10 percent in November, the average vacancy rate for a sampling of ten large apartment buildings in San Francisco, representing a combined 3,600 units of…
Nob Hill Infill on the Boards
Plans to demolish to the two single-family homes, three apartments and Twin’s Armoire building which span 842-860 California Street and back to 119 Joice are in the works. And as…
Big(ger) Plans for UCSF’s Parnassus Campus Slated for Approval
While the growth of University of California San Francisco’s Parnassus Heights Campus was capped back in 1976, plans to add another 1.38 million square feet of clinical, research and administrative…
Luxury View Condo Drops $700K Despite Bay Area Trend
Purchased for $5.3 million in January of 2018, the nearly 2,700-square-foot unit #39B atop the Lumina tower at 201 Folsom Street returned to the market priced at $5.998 million in…
2020 Ended With Inventory Up Nearly 3X in San Francisco
While the net number of homes listed for sale dropped around 45 percent over the past month in San Francisco, as was to be expected with a seasonal culling of…
Benchmark Mortgage Rate Dropped Nearly 30 Percent This Year
While the average rate for a benchmark 30-year mortgage inched up one (1) basis point over the past week from an all-time low of 2.66 to 2.67 percent, it’s ending…
Pending Home Sales Tick Down 2.6 Percent Nationally
Having slipped one (1) percent in October, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, ticked…
Oakland Rents Tick Down, Listing Activity Up 2X
While the average asking rent for an apartment in Oakland hasn’t declined as much as it has in San Francisco, either in the absolute or relatively, it has ticked down…
Luxury One-Bedroom Drops $200K Since Mid-2019
Purchased for $1.225 million in May of last year, near the height of the industry-driven “wave of millionaires” misreports, the garden view unit #4C in the Lumina mid-rise at 333…