Full Floor Russian Hill View Unit Drops Below Its 2006 Price
Purchased for $2.94 million in April of 2006, which was $310,000 “below asking” at the time, the full-floor cooperative unit #1 in the boutique 7-unit Russian Hill building at 2222…
Homebuying Activity Inches Up but Drops Year-Over-Year. And…
The number of applications to secure a purchase mortgage loan for an existing home in the U.S. inched up 0.1 percent over the past week in the absolute and 2…
Number of Homes on the Market in San Francisco Inches Up
Despite a pronounced slowdown in the relative number of condos and single-family homes newly listed for sale over the past couple of quarters, driven by a jump in the cost…
Pace of Home Sales in San Francisco Slips, Prices Too
The pace of home sales in San Francisco ticked up in May, as we outlined at the time, ending the month with just over 30 percent fewer single-family homes and…
Bay Area Employment Drops, Down Year-Over-Year
Having dropped in April, the number of San Francisco residents with a job ticked down again last month, from 559,700 to 557,900. As such, while there are still 1,100 more…
Lower Pac Heights Penthouse Just Listed for Over $250K Less
Purchased for $2,000,000 in February of 2018, which was $200,000 under asking at the time, the 1,375-square-foot penthouse unit #601 atop The District at 2655 Bush Street has just returned…
Revised Plans for New Tower Approved for a Streamlined Review
The revised plans for a 35-story tower to rise up to 369 feet in height on the 90-space parking lot parcel at 395 3rd Street, on the northeast corner of…
Benchmark Mortgage Rate Inches Down, Odds of an Easing Drop
The average rate for a benchmark 30-year mortgage inched down 2 basis points (0.02 percentage point) over the past week to 6.69 percent, which is 91 basis points higher than…
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The Other End of the Mid-Market Market
At the other end of the Mid-Market condo market, the three-bedroom, 2,569-square-foot unit #28D in the Four Seasons Residences at 765 Market Street sold for $5.475 million in April of…
Mortgage Credit Availability Drops to a Lower Decade Low
Having slipped 0.9 percent in April to a 10-year low, mortgage credit availability, as indexed by the Mortgage Bankers Association, dropped 3.1 percent last month to its lowest level since…