Muted Plans for Proposed Fisherman’s Wharf Hotel
Having faced some pushback from the City’s Planning Department with respect to their proposed approach, as originally rendered above, the plans for a five-level hotel to rise up to 40…
Mortgage Rates Spike
Having inched up from an all-time low of 3.29 percent to 3.36 percent last week, the average rate for a benchmark 30-year mortgage has since jumped another 29 basis points…
Inventory Levels in SF Drop 20 Percent in 3 Days
Having hit a 9-year high at the beginning of the week, prior to the COVID-19 related stay at home order having been issued in San Francisco and the Dow having…
Million Dollar Reduction Moves Updated Mission Home
As we outlined last week: Purchased as a 2,000-square-foot property, “in need upgrading,” for $1.31 million in May of 2018, the single-family home at 1160 Florida Street has since been…
The Plans for a Residential Addition Atop This Historic Garage
Plans for a 4-story addition to rise atop the historic two-story garage at 1650 Pacific Avenue, which was designed by the O’Brien Brothers and built in 1921, adjacent to Harris’…
Stay-at-Home Order for Bay Area Counties
The City and County of San Francisco, along with Alameda, Contra Costa, Marin, San Mateo and Santa Clara Counties, as well as the City of Berkeley, have just issued “stay-at-home”…
Pace of Home Sales in San Francisco Falls
While the pace of home sales in San Francisco was already starting to slow last month, the slowdown in contract activity has become more pronounced over the past two weeks.…
Number of Homes on the Market in SF Hits a 9-Year High
Continuing to follow a trend which shouldn’t catch any plugged-in readers by surprise, the number of homes on the market in San Francisco has jumped 50 percent since the Super…
The Fed Just Dropped Rates to Near-Zero, And…
Having already rolled out an emergency rate cut of 50 basis points two weeks ago, the Federal Reserve has just announced an even larger cut of a full percentage point…
Bay Area Employment Revised Down, Prior to Any COVID-19 Hit
The estimated number of people living in San Francisco with a paycheck slipped from a (downwardly-revised) record 578,100 in December to 573,000 in January with typical seasonality in play. But…