Seventh Extension for Oakland Tower Now on Tap

Seventh Extension for Oakland Tower Now on Tap

As we outlined last June: “Plans for a pair of residential towers to rise up to 275 feet in height at 325 Seventh Street, on the edge of Oakland’s Chinatown, were first approved by the city seven years ago , the ground for which has yet... Read More »

Pace of New Home Sales in the U.S. Ticks Up, Median Price Slips

Pace of New Home Sales in the U.S. Ticks Up, Median Price Slips

The pace of new single-family home sales in the U.S. ticked up 4.9 percent in February to a seasonally adjusted rate of 667,000 sales which is 0.6 percent above the pace of sales at the same time last year with a median sale price of $315,300, down 3.6 percent... Read More »

New Plans for Prominent Van Ness Corridor Site Closer to Reality

New Plans for Prominent Van Ness Corridor Site Closer to Reality

As we first reported last year: Plans to raze the former KRON TV building at 1001 Van Ness Avenue and develop a 14-story building, with 239 condos over 5,000 square feet of retail space fronting Van Ness, were approved two years ago but never broke ground. But that doesn’t... Read More »

More Expensive Homes for Sale in San Francisco

While the total number of homes listed for sale in San Francisco slipped by a little under 4 percent to 625 over the past two weeks with typical Spring Break seasonality in play, there is now 17 percent more inventory on the market versus the same time last year... Read More »

Bay Area Home Sales Rebound to an 11-Year Low

Bay Area Home Sales Rebound to an 11-Year Low

Having dropped to an absolute 11-year low in January, the number of single-family homes and condos that traded hands across the greater Bay Area increased 12.9 percent in February to 4,354, which was an above-average seasonal jump but remains 12.8 percent below the sales volume at the same time... Read More »

Pending Home Sales in the U.S. Slip

Pending Home Sales in the U.S. Slip

Having ticked up 4.6 percent in January, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, slipped 1.0 percent in February to 101.9 which is 4.9 percent lower on a year-over-year basis and 9.3 percent below a cyclical high of... Read More »

Mortgage Rates Dramatically Drop, Inversion Spreads

Mortgage Rates Dramatically Drop, Inversion Spreads

With Fed officials having officially deemed the foregoing of any additional interest rate hikes in 2019 to “be best” for our economy in light of increasing global risks, which shouldn’t have caught any plugged-in readers by surprise, the average rate for a 30-year mortgage has since dropped 22 basis... Read More »

Initiative to Acquire and Transform Alcatraz Is Back

Initiative to Acquire and Transform Alcatraz Is Back

Having failed back in 2008, a ballot initiative which aims to transform Alcatraz Island into a “Global Peace and Creative Art Center” has been re-drafted and is positioning to qualify for this November’s election. If adopted, the measure would make it the official, but non-binding, policy of the City... Read More »

Another Institution on the Market in the Tenderloin

Another Institution on the Market in the Tenderloin

The Edinburgh Castle at 950 Geary Street is now on the market with a $3.995 million price tag. In addition to the iconic bar’s building, the asking price includes the Castle’s business and liquor licenses. And yes, the Tenderloin parcel upon which the 3,900-square-foot bar sits is zoned for... Read More »

Indexes for Bay Area Home Values Drop, Nearing Negative Territory

Indexes for Bay Area Home Values Drop, Nearing Negative Territory

Having ended last year with the largest month-over-month decline in seven years, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area (which includes the East Bay, North Bay and Peninsula) dropped another 1.3 percent in January. The index has dropped a total of... Read More »