CFAH

Purchase Mortgage Activity in the U.S. Only Down 12 Percent

Mortgage loan application volumes to either purchase or refinance a home in the U.S. dropped 10 percent in the absolute over the past week but inched up 0.3 percent on a seasonally/holiday adjusted basis, according to the Mortgage Bankers Association. And while purchase mortgage activity was down 12 percent... Read More »

Apples-To-Apples for a High-End Pacific Heights Condo

Apples-To-Apples for a High-End Pacific Heights Condo

Purchased for $2.8 million, or roughly $2,113 per square foot, in May of 2017, the two-bedroom, two-bath unit #503 in The Pacific at 2121 Webster Street returned to the market priced at $3.295 million this past August. The 1,325-square-foot unit features “high ceilings, custom light fixtures, power-operated shades, air-conditioning,... Read More »

Hayes Valley Infill Building Has Been Officially Approved

Hayes Valley Infill Building Has Been Officially Approved

As we revealed back in July, the refined plans for a seven-story building to rise up to 85 feet in height upon the Bruce’s Automotive building site at 159 Fell Street, adjacent to the Rickshaw Stop at 155 Fell, had qualified for a streamlined environmental review and both demolition... Read More »

Number of Homes for Sale in San Francisco Jumps

With around 400 homes listed for sale in San Francisco over the past week, which is the most new listings in a week in over 15 years, the net number of homes for sale in the city jumped over 30 percent to 1,070, as projected, yielding the most for... Read More »

Landmark Office Complex Closer to Reality

Landmark Office Complex Closer to Reality

Designed by Gustave Albert (G. Albert) Lansburgh and built for H. Levi & Co. in 1912, the five-story brick warehouse building on the southeast corner of Kansas and 15th Street was constructed with trapezoidal floor plans to fit its triangular parcel that abuts a former Western Pacific Railroad right... Read More »

New Unemployment Claims Drop but Remain Historically High

New Unemployment Claims Drop but Remain Historically High

The number of new unemployment claims filed across the Bay Area dropped to 126,835 in July, which was the fewest new claims in a month since the pandemic hit, down from a pandemic high of 441,813 in March of last year and versus an average of 190,400 a month... Read More »

Corner Church on the Market, Primed for Redevelopment

Corner Church on the Market, Primed for Redevelopment

Built in 1948, the 10,732-square-foot Grace Evangelical Lutheran Church and Gracie Infant Care Center on the southwest corner of Ulloa Street and 33rd Avenue is now on the market with a $4.3 million price tag. And yes, the church is slated to be “delivered vacant.” While the 10,746-square-foot parcel... Read More »

Super Skinny Hayes Valley Development Fully Permitted!  But…

Super Skinny Hayes Valley Development Fully Permitted! But…

As we outlined back in the fourth quarter of 2016: Having been approved for a pair of super skinny buildings to rise up to five stories across the Hayes Valley site, the two former Central Freeway Parcels M and N (a.k.a. 300 and 350 Octavia Street) are now on... Read More »

Mortgage Rates Are Holding, Application Volumes Have Dropped

Mortgage Rates Are Holding, Application Volumes Have Dropped

The average rate for a benchmark 30-year mortgage has inched up a total of 1 basis point (0.01 percentage point) over the past two weeks to 2.88 percent, which is only 2 basis points above the benchmark rate at the same time last year and within 22 basis points... Read More »

Nob Hill Subdivision Slated for Approval

Nob Hill Subdivision Slated for Approval

Permits to demolish the 512-square-foot, one-car garage that occupies the Nob Hill lot at 1728 Larkin Street, which was created and then sold for $2 million in 2019 by subdividing the detached garage’s lot from the adjoining three-unit building’s parcel at 1720-1724 Larkin Street, have been requested. And if... Read More »