Benchmark Mortgage Rate Approaching a 5-Year High
The average rate for a benchmark 30-year mortgage ticked up another 3 basis points over the past week to 4.43 percent, which is 33 basis points higher versus the same…
Bay Area Home Sales Drop, 9-Year Low in San Francisco
The number of single-family homes and condos that traded hands across the greater Bay Area totaled 4,504 in January. And while the 33.7 percent drop in volume from December to…
Landmark Victorian and Buildable Lot Fetch $7.0 Million
Having hit the market priced at $6.95 million last month, the nearly 9,000-square foot Queen Anne Victorian on the northwest corner of Franklin and California, which sits on the southern…
Pending Home Sales in the U.S. Drop to a 39-Month Low
The National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, dropped 4.7 percent in January to 104.6, which is 3.8 percent lower…
Mission District Institution on the Market
Founded by Gabriel Maldonado in 1951, back when the Mission District was primarily an Irish and Italian working-class neighborhood, La Victoria Bakery was the first Latino-owned business on the 24th…
Neighborhood Changing Plan Slated for Initiation
San Francisco’s Planning Commission is slated to formally initiate the legislative process required to adopt San Francisco’s ambitious Central SoMa Plan this Thursday, March 1, a move which shouldn’t catch…
Pace of New Home Sales in the U.S. Slips despite More Inventory
The seasonally adjusted pace of new single-family home sales in the U.S. dropped 7.8 percent last month, from an annual pace of 643,000 sales in December to 593,000 in January,…
Supersized Plans and Problems for this BART-Adjacent Project
While plans for a 417-unit development to rise up to 8 stories in height on the vacant 3-acre Caltrans lot bounded by Kirkham, 7th, Union and 5th Streets, a block…
Detailed Plans for the Future of Pier 70’s Shoreline, Parks and More
With the complete redevelopment of San Francisco’s Pier 70 having been formally approved in October, and the ground for the 28-acre project slated to broken early this year, the detailed…
Refined Plans for High-End SRO Units to Rise in Western SoMa
In order to take advantage of less restrictive Planning Code rules with respect to the required dwelling unit mix, rear yard and mandated open space for a new development in…