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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »