Reductions Rise as Inventory Levels Jump
With inventory levels in San Francisco having just hit recession-era levels, the number of homes on the market which have undergone at least one official price cut has ticked up…
Recession-Era Inventory Levels Hit San Francisco
Having hit a 10-year seasonal high last week, the number of homes on the market in San Francisco, net of new sales and contract activity, has ticked up another 3…
Over Asking Versus Actual Appreciation
Purchased for $2,195,000 in November of 2017, the “impeccable” three-bedroom Bernal Heights home with “ultra-clean architectural lines and floorplan that flows across 3 levels” at 29 Joy Street returned to…
Refined Plans for New Mid-Market Hotel Closer to Reality, But…
The refined plans for a 12-story hotel and office building to finally rise upon the long-vacant lot at 1125 Market Street, upon which the former Bell/American/Embassy Theater once stood adjacent…
Apples-to-Apples for an Updated Noe Edwardian
Purchased for $2.8 million in April of 2015, the updated Noe Valley Edwardian with “an ideal layout” at 936 Noe Street, three blocks from the main drag, returned to the…
Local Unemployment Claims Inch Up
Having dropped by nearly 60 percent in May, the number of San Francisco residents that filed a new/initial unemployment claim was effectively unchanged at 24,256 in June (versus having averaged…
Benchmark Mortgage Rate Slips Back Under 3 Percent
Having inched up last week, the average rate for a benchmark 30-year mortgage is now back under 3 percent by a basis point (2.99 percent) and 76 basis points below…
Restaurateur’s Wine County Estate Now Listed for 42% Less
The 6,000-square-foot “Villa Cucina,” which sits on 40 acres of prime Napa Valley land, was built for Pat Kuleto, the famed San Francisco restaurateur, back in 1995. As one would…
Asking Rents in San Francisco Continue to Drop, Listings Spike
In a move that shouldn’t catch any plugged-in readers by surprise, the weighted average asking rent for an apartment in San Francisco has dropped another 4 percent over the past…
Pending Home Sales in the U.S. Jumped in June
Having rebounded 44 percent in May following two months of twenty-plus percent declines, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes…