CFAH

Benchmark Mortgage Rate Inches Down, Poised to Rise

Benchmark Mortgage Rate Inches Down, Poised to Rise

The average rate for a benchmark 30-year mortgage inched down 5 basis points (0.05 percentage points) over the past week to 3.09 percent, which is 31 basis points above its mark at the same time last year, 44 basis points above its all-time low of 2.65 percent this past... Read More »

Outer Sunset Infill on the Boards, Permits Requested

Outer Sunset Infill on the Boards, Permits Requested

Plans for a three-story infill building to rise upon the Outer Sunset parking lot parcel at 2513 Irving Street, between 26th and 27th Avenues, have been drawn. As designed by LPAS Architecture and Design for the Police Credit Union of California, which owns the site, the building will rise... Read More »

Mortgage Loan Application Volumes in the U.S. Drop

Mortgage loan application volumes to either purchase or refinance a home in the U.S. ticked down 3.3 percent on a seasonally adjusted basis over the past week and were down 4 percent in the absolute, with a 4 percent drop in refinancing activity, which is nearing a two-year low,... Read More »

New 520-Foot-Tall Tower About to Rise

New 520-Foot-Tall Tower About to Rise

While the ground for Build Inc’s 420-foot-tall tower across the street has yet to be broken, despite being approved/entitled back in 2017, the development of Lendlease’s 520-foot-tall tower to rise at 30 Van Ness, on the Northeast corner of Van Ness and Market, is underway. Orginally envisioned to yield... Read More »

Muted Appreciation for an Eye-Popping Apartment in the Sky

Muted Appreciation for an Eye-Popping Apartment in the Sky

Purchased for $11.1 million, or roughly $3,350 per square foot, in April of 2016, the cooperative apartment #1601 at 1750 Taylor Street (a.k.a. The Royal Towers in Russian Hill) returned to the market listed for “$9.5 million” this past September, a price which was quickly upped to $11 million... Read More »

Number of Homes for Sale in S.F. Ticks Down, PPSF as Well

As projected, the number of homes on the market in San Francisco ticked down another percent over the past week to 1,210, having peaked exactly two weeks ago. As such, listed inventory levels in San Francisco are now down 34 percent on a year-over-year basis, from a two-decade high... Read More »

Amendment for Approved Haight Street Project Suddenly Sought

Amendment for Approved Haight Street Project Suddenly Sought

As we outlined in August, the proposed 18-unit building to rise up to 57 feet in height upon the former Lee’s Meat and Popular Market site at 478-482 Haight Street was slated to be approved with Planning’s support. While the project includes the demolition of an existing, older dwelling... Read More »

Modified Plans for Previously Approved Tower Revealed

Modified Plans for Previously Approved Tower Revealed

While Build Inc.’s plans for a 40-story, 319-unit tower to rise up to 420 feet in height at the intersection of Market, Oak and Van Ness Avenue were approved by Planning and entitled back in 2017, the signature “One Oak” project has yet to break ground. And as we... Read More »

Upscale Nob Hill Infill Project Closer to Reality

Upscale Nob Hill Infill Project Closer to Reality

As we revealed back in 2018, plans to raze the two-story parking garage at 1320 Washington Street, between Leavenworth and Jones, were in the works and plans for a six-story, 22-unit building to rise up to 65 feet in height upon the Nob Hill site had been drafted. Since... Read More »

Pending Home Sales in the U.S. Dip

Having recovered 8.1 percent in August, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dipped 2.3 percent in September to 116.7. As such, the index is down 8 percent on a year-over-year basis, with closed... Read More »