Price Reductions Tick Up in S.F., Price Per Square Foot Down
Driven by a pronounced slowdown in the pace of sales and rising inventory levels, the percentage of homes on the market in San Francisco with an asking price that has…
Cathedral Hill Infill Closer to Reality
As we first outlined earlier this year, plans for a 7-story building to rise up to 75 feet in height upon the St. Mark’s Square and Martin Luther Tower parking…
Average 30-Year Mortgage Rate Hits 6.29 Percent, Still Not “High”
Measured prior to yesterday’s announcement of another 75 basis point hike by the Fed, the average rate for a benchmark 30-year mortgage had already climbed another 27 basis points (0.27…
Existing Home Sales Down 20 Percent, Median Price Drops
Having dropped 5.9 percent in July, the seasonally adjusted pace of existing-home sales across the U.S. slipped 0.4 percent in August to an annual rate of 4.80 million sales, which…
Purchase Mortgage Application Volume Now Down 30 Percent
While mortgage loan application volume to purchase a home in the U.S. ticked up one (1) percent on a seasonally adjusted basis over the past week, it continued to tick…
Number of Homes for Sale in San Francisco Has Jumped
Driven by a pronounced slowdown in the pace of sales, the net number of homes on the market in San Francisco (i.e., inventory) has jumped by 25 percent over the…
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Another Swift $10 Million Price Cut in Pac Heights
Quietly acquired from Mark and Alison Pincus for $16 million in November of 2015, Troon Pacific subsequently engaged Snøhetta (yes, that Snøhetta) to draft plans to transform the Albert Farr-designed…
Pending Home Sales in S.F. Down 40 Percent to a 5-Year Low
Despite an ongoing surge in the net number of houses and condos listed for sale across San Francisco (i.e., inventory), the number of homes in contract to be sold is…
Rare and Exquisite Pac Heights Home Drops 10 Percent
The “rare and exquisite” Pacific Heights at 1809 Lyon Street, an “architecturally distinctive” three-bedroom home with nearly 20-foot-high ceilings in the living/dining room, a European-style side courtyard, and a side-by-side…
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Bay Area Employment Inches Up, Slips in San Francisco
Having jumped in July, the net number of people living in San Francisco with a paycheck increased slipped by 800 in August to 563,900. As such, while there are now…