Priced at $1.93 million, or $1,596 per square foot, in September of 2019, the listing for the brand new two-bedroom, two-bath unit #24C with southwest corner views in the twisty MIRA tower at 280 Spear Street was removed from the MLS in January of 2020. Listed anew for $1.835... Read More »

As we noted last week, “the yield on the 10-year treasury inched up around 3 basis points since the Fed’s announcement, indicating the near-certain hike was already priced-in and should moderate any significant jumps in mortgage rates over the next week.” The average rate for a... Read More »

If approved as envisioned, GLIDE’s six-story administrative and community services building at 330 Ellis Street, which currently rises up to 76 feet in height adjacent to the iconic Glide Memorial Church, could be demolished and a new 10-story building could rise up to 165 feet in height across the... Read More »

Mortgage loan application volume across the U.S. ticked up 2.0 percent over the past week on a seasonally adjusted basis and 3.0 percent in the absolute, according to data from the Mortgage Bankers Association. That being said, application volumes to refinance were down 72 percent on a year-over-year basis... Read More »

Driven by a pronounced slowdown in the pace of sales, the net number of homes on the market in San Francisco (i.e., listed inventory) ticked up another 8 percent over the past week from what was already an 11-year seasonal high. As such, there are now 30 percent more... Read More »

Having slipped last month, representing an atypical decline in activity in the midst of the traditional spring buying/selling season and despite posturing that a jump in mortgage rates would spur more activity as buyers rushed to “lock-in at lower rates” and inventory having hit an 11-year seasonal high, the... Read More »

Measured prior to the Fed’s rate hike yesterday, the average rate for a benchmark 30-year mortgage had already jumped another 17 basis points to 5.27 percent, which is 231 basis points and nearly 80 percent higher than at the same time last year and the highest average rate since... Read More »

While the Fed has only hiked the target federal funds rate by 25 basis points (0.25 percentage points) from the near zero rate which had been in place since 2018, the benchmark 30-year mortgage rate has already rocketed by over 200 basis points to a 12-year high, driven by... Read More »

Plans to redevelop the 6,000-square-foot parking lot at 530 Turk Street are in the works. And as envisioned by JS Sullivan Development and rendered by rg-Architecture below, an 11-story building would rise up to 115 feet in height upon the Tenderloin site, adjacent to the 108-unit below market rate... Read More »

Purchased for $1,098,000 in December of 2015, the lower level two-bedroom, two-bath unit #1B at The Brannan, a “fully remodeled and upgraded” unit and “jewel of South Beach,” was listed for $1,198,500 in April of 2019, the price at which it sold that August, representing total appreciation of 9.1... Read More »