Mortgage Rates Inch up but Poised to Slip
The average rate for a 30-year mortgage inched up another 3 basis points over the past week to 3.78 percent but remains 105 basis points (1.05 percentage points) below its…
A Signature Two-Bedroom Just Slipped Below Its 2016 Price
Purchased for $1.895 million in the first quarter of 2016, the 1,401-square foot unit #21G in the LUMINA tower at 338 Main Street returned to the market priced at $2.195…
Timing for Another Approved Tower Pushed Back, Again
As we outlined early last year, while plans for a skinny 495-foot-tall tower with up to 334 condos, or 72 condos over a 273-room hotel, “depending upon market conditions,” were…
The Fed Just Cut Rates (For the Third Time This Year)
As predicted, the Federal Reserve just cut the benchmark Federal Funds rate by another 25 basis points (0.25 percentage points), the third such rate cut this year. Having dropped its…
Superlative Penthouse Fetches 1.6 Percent Over Its Early 2015 Price
Purchased for $1.648 million in February of 2015, the two-bedroom, two-bath corner unit #7C atop the “Amero” at 1501 Filbert Street, on the border of Cow Hollow and Russian Hill,…
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Appreciation for Bay Area Homes Turns Negative
For the first time since early 2012, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay…
Pending U.S. Home Sales Tick Up, Slip Out West
Having ticked up 1.6 percent in August, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, ticked up another 1.5 percent…
Hotel Plans Scrapped, Office Building(s) Now on the Boards
The plans for a 239-room hotel to rise up to 8 stories in height across the irregularly shaped Central SoMa parking lot parcel at 424 Brannan Street appear to have…
Plans to Raise the Roof Across From Outerlands Closer to Reality
As we first reported early last year, plans for a four-story building with 6 residential units to rise over a new ground floor commercial space on the southeast corner of…
Inventory Levels Start to Wane, Reductions Continue to Rise
Having hit its seasonal peak and an absolute 8-year high last week, which shouldn’t have caught any plugged-in readers by surprise, the number of homes on the market in San…