Mortgage Rates Inch Up
Having dropped to a six-month low of 6.61 percent at the end of 2023, the average rate for a benchmark 30-year mortgage has since inched up a (1) basis points…
Mission District Mini Penthouse Trades for Over 20% Less
As we outlined a few months ago, the top-floor, junior one-bedroom “penthouse” unit #813 at 45 Bartlett Street (a.k.a. Vida, “in the heart of the bustling Mission District”), which was…
Purchase Mortgage Activity Keeps Ticking Down
Despite a drop in mortgage rates to a six-month low, purchase mortgage application volume in the U.S. ticked down 5 percent on a seasonally adjusted basis over the past two…
Best Two-Bedroom Quietly Trades Down a Million Bucks
Speaking of seller capitulation, the resale of the luxury two-bedroom unit #34C in the Lumina tower at 338 Main Street, which is “considered San Francisco’s best condominium project,” has finally…
Number of Homes on the Market in S.F. Poised to Jump
There were 12 percent fewer homes on the market in San Francisco at the end of 2023 than there were at the end of 2022, driven by a pronounced drop…
Asking Rents in San Francisco End the Year Down
Having slipped back under $3,500 last month, the weighted average asking rent for an apartment in San Francisco has since inched down a few more bucks to around $3,450 a…
Building Slows in S.F. but Pipeline of Potential Development Holds
With values dropping, the cost of capital having jumped, sales down, and developers getting squeezed or even foreclosed upon, the number of net new units of housing under construction across…
Apartment Rents in Oakland Holding at a Two-Year Low
Having dropped to a two-year low in November, the average asking rent for an apartment in Oakland is now holding at around $2,400 per month, which is 4 percent lower…
Modern New Place Fetches Less than Half Its Original Ask
Listed for $3.95 million earlier this year, the 1,870-square-foot, 2-bedroom unit at 15 Guy Place, the lower unit in the new two-unit, roughly 7,000-square-foot building at 15-17 Guy Place which…
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Index for Bay Area Home Values Slips, Top Tier Down Over 10%
Having inched up 0.1 percent in September, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area (i.e., “San Francisco,” which includes the East Bay,…