Weakness in San Francisco’s Rental Market Is Accelerating
Despite the fact that the weighted average asking rent for an apartment in San Francisco is already down over 10 percent on a year-over-year basis and offers of complimentary rent…
Redevelopment of Decade-Old Pit (Somewhat) Closer to Reality
Plans for a 25-unit development to rise up to 65 feet in height on the 14-year-old pit in the ground at 1145 Mission Street could be approved this week with…
Twice as Many Homes on the Market in San Francisco
Having hit a 9-year high in the absolute last week, the number of homes on the market in San Francisco ticked down 3 percent over the past week to 1,170…
Benchmark Mortgage Rate Nearing an Unprecedented Mark
The average rate for a benchmark 30-year mortgage dropped another 6 basis points (0.06 percentage points) over the past week to 3.07 percent. That’s a new all-time low for the…
Angling for a Below Market Rate Switcheroo
As we outlined back in 2015: Over the objections of the Plaza 16 Coalition, San Francisco’s Planning Commission has approved the plans for a five-story, 27-unit apartment building to rise…
Rare Yerba Buena Unit Re-Trades Below Its 2015 Price, Again
Purchased for $1.515 million in September of 2015, the upgraded 1,400-square-foot Yerba Buena Loft unit #523 at 855 Folsom Street, which features a private 400-square-foot terrace and “one of the…
Index for Bay Area Home Values Inches up to a New High, But…
Having ticked up an upwardly revised 2.1 percent in March, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East…
Most Sub-Million Dollar Homes on the Market in S.F. Since 2016
The number of homes on the market in San Francisco, net of new sales, continues to climb and just crossed the 1,200 mark for the first time in 9-years. In…
Pending Home Sales Inch Up in San Francisco, But…
For the first time since San Francisco’s stay-at-home order was issued in March, the number of homes in contract to be sold is effectively even on a year-over-year basis. That…
Pending Home Sales Rebound Nationwide
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 “an average level” of activity, rounded…