The number of applications to secure a purchase mortgage loan for an existing home in the U.S. dropped another 5 percent over the past week in the absolute and 4 percent on a seasonally adjusted basis, according to application data from the Mortgage Bankers Association. As such, purchase mortgage... Read More »

With the number of single-family homes and condos in contract to be sold in San Francisco having effectively held over the past week in the absolute, down around 40 percent on a year-over-year basis, the net number of single-family homes and condos on the market ticked up 3 percent... Read More »

The average rate for a benchmark 30-year mortgage inched back up 4 basis points (0.04 percentage point) over the past week to 6.39 percent, which is 114 basis points and roughly 20 percent higher than at the same time last year. At the same time, credit availability has dropped... Read More »

The number of applications to secure a purchase mortgage loan for an existing home in the U.S. dropped 5 percent over the past week on both an absolute and seasonally adjusted basis, reversing an uptick the week prior, according to application data from the Mortgage Bankers Association. As such,... Read More »

Positioned as an “incredible opportunity,” with the potential to expand and redevelop the dated two-bedroom Noe Valley home at the intersection of Dolores Heights and the Mission, 3537 23rd Street hit the market priced at $1.899 million in April of 2018 and sold for $2.105 million that July. Plans... Read More »

Despite a seasonal uptick in sales in the absolute and year-over-year drop in new listing activity, the net number of single-family homes and condos on the market in San Francisco climbed 6 percent over the past week and continues to trend higher. While overall inventory is still 6 percent... Read More »

Entitled in 2017, subsequently permitted and having since broken ground, the excavated site, approved plans and entitlements for the 127-unit building to rise up to eight stories in height on the western side of 5th Street, between Shipley and Clara in Central SoMa, are now on the market, positioned... Read More »

As we noted earlier this week, there are over 40 percent fewer homes in contract to be sold in San Francisco than there were at the same time last year and over 30 percent of the homes that remain on the market have been reduced at least once, including... Read More »

Having returned to the market priced at $14.2 million in October of 2020, been reduced a few times over the years and then relisted anew for $10.2 million this past March, the modern Cow Hollow home at 2555 Union Street has just resold for $9.266 million or roughly $1,589... Read More »

As projected, the average rate for a benchmark 30-year mortgage inched down another 4 basis points (0.04 percentage point) over the past week to 6.35 percent but remains 20 percent (105 basis points) higher than at the same time last year, with significantly tighter lending standards and the average... Read More »