Benchmark Mortgage Rate Jumps, Still Below Average
The average rate for a benchmark 30-year mortgage jumped 15 basis points (0.15 percentage point) over the past week to 6.96 percent, which is 145 basis points higher than at…
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Trendy Dogpatch Two-Bedroom Drops Below Its 2018 Price
Measuring a little over 1,100 square feet, the modern south facing, two bedroom, two bath unit #202 in the “trendy Dogpatch” development at 815 Tennessee Street was purchased for $1.398…
Jumbo Loan Availability Continues to Tighten
While overall mortgage credit availability in the U.S. inched up 0.1 percent in June, to its second lowest level since January of 2013, as indexed by the Mortgage Bankers Association,…
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If You Think You Know Pac Heights, Now’s the Time to Tell
Purchased for $13.075 million in December of 2015, the nearly 9,200-square-foot, Albert Farr designed “Beaux Arts-era masterpiece” at 2660 Scott Street, “in one of the City’s most sought-after and vibrant…
Inventory Levels Tick Up, Asking Prices Down
Having dropped the week prior, in conjunction with the holiday week(ends), the net number of single-family homes and condos on the market in San Francisco ticked back up a (1)…
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Price for Big Bernal Heights Infill Project Parcels Reduced
As we outlined earlier this year, plans for ten new view residences to rise on and behind the undeveloped Bernal Heights lot(s) at 1513 York Street, with “a park-like, campus-style…
Single-Family Starter Just Relisted Below Its 2018 Price
Purchased for $1.1 million in April of 2018, the single-family starter home at 458 Mangels Avenue, “a charming Edwardian, nestled on a tranquil street in the Sunnyside Neighborhood,” returned to…
Homebuying Activity Drops, Average Loan Size as Well
Measured prior to the July 4 holiday, the number of applications to secure a purchase mortgage loan for an existing home in the U.S. ticked down 5 percent on a…
Stated Timing for Supersized Central SoMa Tower on the Boards
As we revealed earlier this year, plans for a supersized tower to rise up to 451-feet in height upon the former K&L Wine Merchants building parcel at 636-638 4th Street…
Number of Homes on the Market in San Francisco Drops
Driven by a jump in the cost of debt, back to historical norms, and an associated drop in values that sellers are either unable or unwilling to accept in order…