CFAH

Benchmark Mortgage Rate Inches Back Under 3 Percent

Benchmark Mortgage Rate Inches Back Under 3 Percent

Having dropped 16 basis points (0.16 percentage points) over the past two weeks, the average rate for a benchmark 30-year mortgage has inched back down to 2.98 percent, which is 14 basis points above its mark at the same time last year but within 33 basis points of its... Read More »

A Projected Surplus in San Francisco Housing Production

A Projected Surplus in San Francisco Housing Production

San Francisco’s Planning Department has completed its first annual “Jobs-Housing Fit” report, a newly required analysis of “the fit between the housing needed by workers of new jobs located in San Francisco and housing produced in San Francisco,” segmented by affordability. And in fact, based on the pipeline of... Read More »

Plans for Decaying Block Slated for Approval

Plans for Decaying Block Slated for Approval

As we outlined back in June: With the mandated Environmental Impact Report (EIR) for the proposed redevelopment of the decaying Portola District block at 770 Woolsey Street having effectively confirmed Planning’s proposed approach to mitigating the impact of the development on the historic University Mound Nursery (a.k.a Rose Factory)... Read More »

Mission District Infill Site Back in Play, But…

Mission District Infill Site Back in Play, But…

Having been in and out of contract a handful of times over the past couple of years, a sale of the former used car lot turned Firepie site on the northeast corner of Valencia and Cesar Chavez, which is currently leased for $7,800 a month, is once again contingent... Read More »

Prestigious Palo Alto Home Reduced, Listed for a(nother) Loss

Prestigious Palo Alto Home Reduced, Listed for a(nother) Loss

As we outlined last month: Purchased for $8.5 million in June of 2016, the “sumptuous” Palo Alto home at 1117 Hamilton Street, which measures 3,376 square feet, sits on a prestigious 10,000-square-foot Crescent Park parcel, and features “exquisite architectural and interior design, exotically-sourced materials, hand-crafted finishes, and elegant appointments... Read More »

Number of Homes on the Market in S.F. Drops, Asking PPSF Too

Following a trend that shouldn’t catch any plugged-in readers by surprise, the net number of homes on the market in San Francisco, which peaked exactly three weeks ago, ticked down five (5) percent over the past week to 1,150, driven by a slowdown in listing activity versus a jump... Read More »

Asking Rents in San Francisco Tick Down Another Percent

Asking Rents in San Francisco Tick Down Another Percent

As we first reported last week, the weighted average asking rent for an apartment in San Francisco had slipped a percent in October to $3,375 per month, an average which has since ticked down to $3,350. At the same time, the number of units listed for rent in the... Read More »

Design District Lab Development Closer to Reality, But…

Design District Lab Development Closer to Reality, But…

The formal application to move forward with the development of a block-long, 5-story laboratory building on the western side of De Haro, from 15th to 16th Streets, has been filed with Planning. As we outlined earlier this year, the shuttered World Gym and office building on the 250 De... Read More »

Supersized Tower Raises Recommendations but No Red Flags

Supersized Tower Raises Recommendations but No Red Flags

Having completed their preliminary review of the proposal for a 575-foot-tall, 623-unit apartment tower to rise on the South of Market parcel at 620 Folsom Street, upon which a 43-foot-tall office building currently sits, Planning didn’t raise any red flags or Code issues that couldn’t be overcome if the... Read More »

Bonus to Build Shorter Than Allowed Slated for Approval

Bonus to Build Shorter Than Allowed Slated for Approval

As we outlined back in 2019 when the plans were being drawn: Plans to level the two-story industrial building at 560 Brannan Street, adjacent to an already approved major development and across the street from the San Francisco Tennis Club site, are in the works. And while the parcel... Read More »