Office Vacancy Rate in San Francisco Just Hit a New High
Having held at a pandemic high of 21.7 percent in the second quarter of this year, the effective office vacancy rate in San Francisco ticked up another 130 basis points…
Benchmark Mortgage Rate Hits a 20-Year High
The average rate for a benchmark 30-year mortgage jumped another 26 basis points (0.26 percentage points) over the past week to 6.92 percent, an average rate which is now 128…
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Prestigious High-Rise Unit Drops Further Below Its 2016 Price
Purchased for $3.25 million in May of 2016, the three-bedroom, three-bath unit #32E in the Lumina tower at 338 Main Street, which “exemplifies the prestige of highrise (sic) living,” resold…
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Dolores Park Light House Condo Listed for a Million Less
Totaling over 5,300 square feet of space, 93 Cumberland Street is one of the four massive “Light House” condos that were created when the former Second Church of Christ at…
Pending Home Sales in San Francisco Down Nearly 50 Percent
While the net number of homes on the market in San Francisco, i.e., inventory, has been up an average of 26 percent on a year-over-year basis over the past three…
Asking Rents in San Francisco Slip, Availability Ticks Up
Having held in August, the weighted average asking rent for an apartment in San Francisco actually slipped around a percent in September to $3,725 per month, representing the first pullback…
Shuttered Brewery Hits the Market, Tower Plans Shelved
As we revealed earlier this year, a team was exploring the possibility of demolishing the Thirsty Bear Brewery building at 661 Howard Street and developing a bonus-sized residential tower rising…
Mortgage Application Volume Plummets
With the benchmark 30-year mortgage rate nearing a 20-year high, mortgage loan application volume plummeted over 14 percent last week, with a 13 percent drop in applications to purchase a…
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San Francisco’s Housing Pipeline Hits a New High
The total number of units in San Francisco’s housing pipeline, including affordable units that are slated to be rebuilt, hit a record high of over 80,000 in the first quarter…
Inventory Appears to Have Peaked, Reductions Still on the Rise
Driven by a slowdown in new listing activity versus an uptick in the pace of sales, the net number of homes on the market in San Francisco, which is currently…