CFAH

A Skinny Infill Tower Could Rise Right Here

A Skinny Infill Tower Could Rise Right Here

While plans have yet to be formalized, publicized or even submitted to the City for review, a project team is exploring the possibility of demolishing the Thirsty Bear Brewery building at 661 Howard Street and developing a bonus-sized residential tower on the site. In addition to positioning for a... Read More »

Supersized Development Seeks More Parking, Here’s Why…

Supersized Development Seeks More Parking, Here’s Why…

Plans for a supersized building to rise across the two Hayes Valley parcels at 618-630 Octavia Street have been in the works since 2019, as we first reported at the time. Since redesigned and then further refined by Handel Architects to yield 40 condos, a mix of 12 one-bedrooms,... Read More »

Benchmark Mortgage Rate Over 50 Percent Higher YOY

Benchmark Mortgage Rate Over 50 Percent Higher YOY

The average rate for a benchmark 30-year mortgage ticked up another 5 basis points (0.05 percentage points) over the past week to 4.72 percent, which is 159 basis points, or 51 percent, higher than at the same time last year. As such, the 30-year rate is now within 23... Read More »

No Red Flags for Eros Redevelopment, Recommendations Yes

No Red Flags for Eros Redevelopment, Recommendations Yes

As we revealed earlier this year: Plans to raze the recently shuttered Eros bathhouse building at 2051 Market Street, which was sold for $3.6 million in September of 2020, are in the works. And if entitled, a 7-story residential building could rise up to 85 feet in height upon... Read More »

Price Cut for a High-End Jackson Square Condo

Price Cut for a High-End Jackson Square Condo

Purchased for $2,305,000 in February of 2019, the two-bedroom, two-bath unit #3G at 288 Pacific Avenue, across from The Battery in Jackson Square, returned to the market priced at $2,538,000 last June, a sale at which would have represented total appreciation of 10.1 percent for the “meticulously maintained” luxury... Read More »

Mortgage Activity in the U.S. Continues to Drop

Mortgage loan application volumes in the U.S. dropped another 6.3 percent over the past week on a seasonally adjusted basis and 6 percent in the absolute, according to data from the Mortgage Bankers Association. On a more granular basis, applications to refinance dropped another 10 percent over the past... Read More »

Prominent Cultural District Corner on the Market in The Mission

Prominent Cultural District Corner on the Market in The Mission

While the single-story House of Brakes building/garage on the southeast corner of 24th Street and South Van Ness is a rather nondescript concrete structure, “with no discernable style,” the iconic Carnaval (a.k.a. Golden Dreams of the Mission) mural was painted above and behind the building by Daniel Galvez, along... Read More »

Plans for Building Up in The Castro

Plans for Building Up in The Castro

Marketed as “a classic big-roomed Victorian with high ceilings plenty of original details, like crown moldings, built-ins, fireplaces, delightful floors,” with “an immense 2 bedroom in-law unit” on its lower level, the kitchen of which was tagged for having been illegally added and was in need... Read More »

Pace of Home Sales in San Francisco Slips

The number of single-family homes and condos in contract across San Francisco slipped a percent over the past week, representing an atypical decline in activity in the midst of the spring buying/selling season and despite posturing that a jump in mortgage rates would actually spur more activity as buyers... Read More »

Number of Homes for Sale in S.F. Hits an 11-Year Seasonal High

Number of Homes for Sale in S.F. Hits an 11-Year Seasonal High

Having hit a 10-year seasonal high last month, the net number of homes on the market in San Francisco (i.e., inventory) has since ticked up another 3 percent, driven by a slowdown in the pace of sales. As such, there are now over 50 percent more homes on the... Read More »