Rents in San Francisco Tick Up as Vacancy Rate Drops, But…

Rents in San Francisco Tick Up as Vacancy Rate Drops, But…

Having bottomed out at around $3,050 last month, which shouldn’t have caught any plugged-in readers by surprise, the weighted average asking rent for an apartment in San Francisco has since ticked up around 2 percent to $3,125 per month but is still 24 percent lower than prior to the... Read More »

Infamous Sea Cliff Mansion Slated to be Foreclosed Upon, Again

Infamous Sea Cliff Mansion Slated to be Foreclosed Upon, Again

While the infamous seven-bedroom home at 224 Sea Cliff Avenue, which was on the market for $19.675 million back 2016, appeared to have sold for $71,000 in a foreclosure auction last year, the “winning” bidder didn’t realize that the foreclosing party was a junior lender and the property would... Read More »

Modern Van Ness Corridor Development Closer to Reality

Modern Van Ness Corridor Development Closer to Reality

Having just cleared a key environmental hurdle which obviates the need for a detailed Environmental Impact Report to be prepared for the project, the further refined plans for a bold 13-story building designed by Woods Bagot to rise on the northeast corner of Van Ness and Post are now even... Read More »

Local Emergency Rental Assistance Program Is Now Live

San Francisco’s emergency rental assistance program, which can provide up to six months of rental assistance, including three months of future rent, to tenants at risk of becoming homeless due to a pandemic-related loss of employment or income, will begin accepting applications today, May 28. In order to qualify... Read More »

Pending Home Sales in the U.S. Drop

Pending Home Sales in the U.S. Drop

As we noted last month, with mortgage application volumes across the nation having declined, the National Association of Realtors Pending Home Sales Index was poised to drop despite having ticked up in March. And in fact, the Pending Home Sales Index, a seasonally adjusted index for which 100 denotes... Read More »

Historic Theater Back on the Market, Plans Have Been Drawn

Historic Theater Back on the Market, Plans Have Been Drawn

While plans for redeveloping the northwest corner of Clement Street and 23rd Avenue, upon which the historic 4-Star Theater sits at 2200 Clement, have been drafted by SIA Consulting, including a set of plans which envision a 6-story building rising up to 60 feet in height upon the site,... Read More »

Benchmark Mortgage Rate Back Under 3 Percent

Benchmark Mortgage Rate Back Under 3 Percent

Having inched up to 3.00 percent last week, the average rate for a benchmark 30-year mortgage has since inched back down 5 basis points (0.05 percentage points) to 2.95 percent, which is 20 basis points below its mark at the same time last year, 23 basis points lower than... Read More »

Appreciation for a Signature Condo with Bridge Views

Appreciation for a Signature Condo with Bridge Views

Purchased for $1,795,000 in August of 2017, the 1,317-square-foot unit #23D in the Infinity tower at 301 Main Street, a signature two-bedroom, two-bath with Bay Bridge and water views has just resold for $1,945,000 having been “listed” for $1,999,000 two weeks ago. The resale represents total appreciation of 8.4... Read More »

The City’s Proposed “Downtown Recovery Plan”

A week after announcing plans for an immediate “increase in police presence to deter criminal activity and a community ambassador program to connect people in need with services, and provide a welcoming presence for residents, workers, visitors, and businesses,” along Market Street, between Powell and 8th Street, and on... Read More »

Pace of New Home Sales Drops, Inventory Hits a 12-Month High

Pace of New Home Sales Drops, Inventory Hits a 12-Month High

While up nearly 50 percent on a year-over-year basis from its pandemic low, the seasonally adjusted pace of new single-family home sales in the U.S. has dropped 13 percent since the start of the year, including a 5.9 percent drop last month, to an annualized rate of 863,000 sales.... Read More »