CFAH

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 »

Benchmark Mortgage Rate Inches Up, Nearing a 16-Month High

Benchmark Mortgage Rate Inches Up, Nearing a 16-Month High

The average rate for a benchmark 30-year mortgage has inched up another 9 basis points over the past two weeks to 3.14 percent, which is the highest rate in six months and within 5 basis points of a 16-month high. While 3.14 percent is still a historically low rate,... Read More »

A Pac Heights Bastion Appears to Have Been Breached

A Pac Heights Bastion Appears to Have Been Breached

While not as exclusive as 2006 Washington, the penthouse of which is now on the market with a $45 million price tag, the twelve-story “Alta Plaza Apartments” building at 2500 Steiner Street is equally iconic and its twelve full-floor cooperative units infrequently trade hands. Purchased for $1.465 million in... Read More »