CFAH

Average 30-Year Mortgage Rate Just Hit 6 Percent, Headed Up

Average 30-Year Mortgage Rate Just Hit 6 Percent, Headed Up

Having already doubled over the past year, the average rate for a benchmark 30-year mortgage ticked up another 13 basis points (0.13 percentage points) over the past week to 6.02 percent, an average rate which is 110 percent higher than at the same time last year, 127 percent above... Read More »

Newish Hayes Valley Studio Drops Well Below Its 2016 Price

Newish Hayes Valley Studio Drops Well Below Its 2016 Price

Purchased for $545,000 in August of 2016, the 371-square-foot studio condo #307 at 388 Fulton Street returned to the market listed for $525,000 in September of last year, a sale at which would have represented a 4 percent drop in value on an apples-to-apples basis. Reduced to $495,000 in... Read More »

Purchase Mortgage Applications Now Down Nearly 30 Percent

With a seasonal adjustment for Labor Day, mortgage loan application volume in the U.S. ticked down 1.2 percent over the past week, according to data from the Mortgage Bankers Association’s. And while purchase mortgage activity was effectively unchanged from the week prior on an adjusted basis, it dropped 12... Read More »

Affordable Central SoMa Infill Development Closer to Reality

Affordable Central SoMa Infill Development Closer to Reality

The formal application to move forward with the redevelopment of the Central SoMa parking lot parcel at 160 Freelon Street, a 12,800-square-foot parcel which sits behind the approved neighborhood changing development to rise at 598 Brannan and is slated to be deeded to the City to fulfill the affordable... Read More »

Number of Homes for Sale in San Francisco Jumps 20 Percent

The fact that the number of homes in contract to be sold in San Francisco dropped another 7 percent over the past week isn’t too surprising considering it was a traditional holiday week. But with the drop, pending homes sales across the city are now 37 percent lower than... Read More »

San Francisco’s Downtown Rail Extension Is Now “The Portal”

San Francisco’s Downtown Rail Extension Is Now “The Portal”

As we outlined last year, the projected $6 billion extension of Caltrain to San Francisco’s new Transit Center, which was based on 2017-era dollars and had been dubbed San Francisco’s “Downtown Rail Extension” (DTX), was in the process of being rebranded in an attempt to “raise awareness and public... Read More »

Plans for This $7 Million Presidio Heights Teardown Progress

Plans for This $7 Million Presidio Heights Teardown Progress

The “wonderful mid-century home” at 3555 Pacific Avenue, which is “located right on the Presidio Wall in a gorgeous garden setting” and currently measures close to 4,000 square feet, with four bedrooms, a remodeled interior and a 600-square-foot, two-car garage, hit the market listed for $7.5 million in May... Read More »

Benchmark Mortgage Rate Has Doubled, Poised to Climb

Benchmark Mortgage Rate Has Doubled, Poised to Climb

With purchase demand for existing homes across the nation having already dropped over 20 percent and the pace of new home sales down nearly 30 percent, year-over-year, driven by a jump in mortgage rates that shouldn’t have caught any plugged-in readers by surprise, the average rate for a benchmark... Read More »

If You Think You Know the Mission, Now’s the Time to Tell

If You Think You Know the Mission, Now’s the Time to Tell

Purchased for $2.6 million in late 2014, the two-level, 2,215-square-foot Mission District condo at 859 Alabama Street, which “epitomizes sophisticated San Francisco city living and a rare opportunity to own an architecturally significant home,” returned to the market listed for $2.75 million in early 2016 and ended up... Read More »

Boutique Loft Reduced to Within 5 Percent of Its 2014 Price

Boutique Loft Reduced to Within 5 Percent of Its 2014 Price

Purchased for $1.125 million in September of 2017, the multi-level South Beach loft unit #5 at 340 Ritch Street, which features dual catwalks, designer finishes and a private sunroom with access to the building’s rooftop deck, returned to the market priced at $1.129 million this past July. In addition... Read More »