CFAH

Benchmark Mortgage Rate Inches Down to 2.96 Percent

Benchmark Mortgage Rate Inches Down to 2.96 Percent

The average rate for a benchmark 30-year mortgage inched down 3 basis points (0.03 percentage points) over the past week to 2.96 percent, which is 25 basis points below its mark at the same time last year, within 31 basis points of its all time low and half the... Read More »

Impact of Proposed Tower Appealed, Rather Ironically

Impact of Proposed Tower Appealed, Rather Ironically

Having been granted a Preliminary Mitigated Negative Declaration (PMND) by Planning last month, which establishes that that its development “would not have a significant effect on the environment as proposed” and obviates the need for a more extensive, and costly, environmental review, the plans for the proposed tower to... Read More »

Purchase Loan Activity Continues to Drop in the U.S.

Adjusted for Memorial Day, mortgage loan application volumes across the U.S. dropped 3.1 percent last week, having dropped 4 percent the week prior, and were down 13 percent on an unadjusted basis, according to the Mortgage Bankers Association. And while refinancing activity dropped 5 percent, and was 27 percent... Read More »

Seeking Forgiveness for an Illegal Grow House Conversion

Seeking Forgiveness for an Illegal Grow House Conversion

Illegally converted into a cannabis grow house early last year, with unpermitted electrical work and construction, a formal request “to convert” the former Bay Area Ironworks Suppliers building at 1440 Egbert Avenue, across from Laughing Monk Brewing in Bayview, into a “cannabis cultivation and packaging facility” have been drafted... Read More »

Senior Building Inspector Under Investigation in San Francisco

Having admitted to accepting a previously unreported loan of $180,000 from Freydoon Ghassemzadeh, whose family operates SIA Consulting and development, a San Francisco Building Inspector that signed-off on a number of SIA Consulting’s projects in San Francisco is now under investigation and has been placed on administrative leave. According... Read More »

Another Luxury Condo Trades at a Loss, As Advertised

Another Luxury Condo Trades at a Loss, As Advertised

Purchased for $1,419,478 in April of 2016, a price which didn’t include a storage unit in the building which was purchased separately and was included in its most recent sale, the re-sale of the “rarely available top floor plaza unit” #C8H at 333 Beale Street, a 985-square-foot, one-bedroom LUMINA... Read More »

Activation of the Shuttered Temporary Terminal Site on Tap

Activation of the Shuttered Temporary Terminal Site on Tap

As we revealed earlier this year, the conceptual plans for the redevelopment of the southern third of the shuttered Temporary Terminal Site, a nearly 43,000-square-foot block bounded by a future extension of Clementina Street to the north, Main Street to the east, Folsom Street to the south, and Beale... Read More »

Inventory Levels Inch Down in San Francisco, Year-Over-Year

The net number of single-family homes and condos listed for sale in San Francisco (i.e., inventory) inched down 2 percent over the past two weeks to 920, which includes 260 single-family homes and 660 condos. And for the first time since the second quarter of last year, inventory levels... Read More »

Bernal Heights “Compound” Reduced Below its 2019 Price

Bernal Heights “Compound” Reduced Below its 2019 Price

Listed for $4.2 million in January of 2019, the asking price for the “unparalleled view compound” on a 6,300-square-foot lot at 276 Ripley Street, a 4-bedroom Bernal Heights home with a contemporary open floor plan and “at-your-door access to the iconic walker’s paradise, Bernal Hill,” was dropped to $3.35... Read More »

Polk Gulch Infill on the Boards

Polk Gulch Infill on the Boards

Plans to demolish the two-story building and garage on the northeast corner of Larkin and Bush are in the works. And as envisioned, a 16-story building would rise up to 161 feet in height upon the site, which is twice as high as the limit for the site as... Read More »