Mortgage Rates Inch up but Poised to Slip

Mortgage Rates Inch up but Poised to Slip

The average rate for a 30-year mortgage inched up another 3 basis points over the past week to 3.78 percent but remains 105 basis points (1.05 percentage points) below its mark at the same time last year, according to Freddie Mac’s latest Mortgage Market Survey. And while the average... Read More »

A Signature Two-Bedroom Just Slipped Below Its 2016 Price

A Signature Two-Bedroom Just Slipped Below Its 2016 Price

Purchased for $1.895 million in the first quarter of 2016, the 1,401-square foot unit #21G in the LUMINA tower at 338 Main Street returned to the market priced at $2.195 million this past July, a sale at which would have represented total appreciation of 15.8 percent for the “coveted... Read More »

Timing for Another Approved Tower Pushed Back, Again

Timing for Another Approved Tower Pushed Back, Again

As we outlined early last year, while plans for a skinny 495-foot-tall tower with up to 334 condos, or 72 condos over a 273-room hotel, “depending upon market conditions,” were approved to rise on the downtown parking lot parcel at 524 Howard Street back in 2016, the ground has... Read More »

The Fed Just Cut Rates (For the Third Time This Year)

As predicted, the Federal Reserve just cut the benchmark Federal Funds rate by another 25 basis points (0.25 percentage points), the third such rate cut this year. Having dropped its benchmark rate a total of 5 percentage points between August of 2007 and the end of 2008, a move... Read More »

Superlative Penthouse Fetches 1.6 Percent Over Its Early 2015 Price

Superlative Penthouse Fetches 1.6 Percent Over Its Early 2015 Price

Purchased for $1.648 million in February of 2015, the two-bedroom, two-bath corner unit #7C atop the “Amero” at 1501 Filbert Street, on the border of Cow Hollow and Russian Hill, returned to the market listed for $1.75 million this past July. The 1,040-square-foot unit features wide-plank hardwood floors, “a... Read More »

Appreciation for Bay Area Homes Turns Negative

Appreciation for Bay Area Homes Turns Negative

For the first time since early 2012, 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 – has dropped on a year-over-year basis, an outcome which shouldn’t catch any plugged-in readers by surprise.... Read More »

Pending U.S. Home Sales Tick Up, Slip Out West

Pending U.S. Home Sales Tick Up, Slip Out West

Having ticked up 1.6 percent in August, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, ticked up another 1.5 percent in September to 108.7. As such, the pace of new contract signings across the U.S. is now 3.9 percent... Read More »

Hotel Plans Scrapped, Office Building(s) Now on the Boards

Hotel Plans Scrapped, Office Building(s) Now on the Boards

The plans for a 239-room hotel to rise up to 8 stories in height across the irregularly shaped Central SoMa parking lot parcel at 424 Brannan Street appear to have been abandoned. Instead, new plans for nearly 95,000 square feet of office space to rise up to 85 feet... Read More »

Plans to Raise the Roof Across From Outerlands Closer to Reality

Plans to Raise the Roof Across From Outerlands Closer to Reality

As we first reported early last year, plans for a four-story building with 6 residential units to rise over a new ground floor commercial space on the southeast corner of Judah Street and 45th Avenue, across from Outerlands in the Outer Sunset, were being abandoned in favor of bigger... Read More »

Inventory Levels Start to Wane, Reductions Continue to Rise

Having hit its seasonal peak and an absolute 8-year high last week, which shouldn’t have caught any plugged-in readers by surprise, the number of homes on the market in San Francisco has since ticked down 3 percent to 1,010 but remains 4 percent higher than at the same time last year.... Read More »