Pace of New Home Sales Plunges, Inventory Hits a 12-Year High
Having dropped a downwardly revised 10.5 percent in March, the seasonally adjusted pace of new single-family home sales in the U.S. fell another 16.6 percent in April and has plunged…
Number of Homes for Sale in San Francisco Climbs
With the pace of home sales in San Francisco having been down around 15 percent on a year-over-year basis over the past month while listing activity is up, the net…
Bay Area Employment Slipped Last Month, But…
Having increased by 14,300 in the first quarter of 2022, the net number of people living in San Francisco with a paycheck ticked down by 2,900 in April to 555,100.…
A Fast “Over Asking!” Sale at an Early 2017 Price
Having hit the market priced at $695,000 just two weeks ago, the resale of the “gorgeous” and “efficient” one-bedroom with a den unit #305 in the Rowan at 338 Potrero…
Purchase Activity for New Homes Drops by Double Digits
Despite the fact that there are now over 30 percent more new homes on the market across the nation than there were at the same time last year and new…
Pace of Existing Home Sales in the U.S. Nearing a 2-Year Low
Having ticked down 2.7 percent in March, the seasonally adjusted pace of existing-home sales across the U.S. dropped another 2.4 percent in April to an annual rate of 5.61 million…
Purchase Mortgage Activity in the U.S. Down over 10 Percent
Having ticked up 2 percent last week, mortgage loan application volume across the U.S. has since dropped 11 percent on both an absolute and seasonally adjusted basis, according to data…
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Bigger Plans for Balboa Park Building Slated for Approval, But…
Originally envisioned as a 20-unit building that would rise up to 45 feet in height upon the Balboa Park warehouse site at 350-352 Ocean Avenue, bigger plans for a six-story…
Approved SoMa Development Back on the Market at a Loss
Acquired for $4.125 million in June of 2016, plans to level the shuttered nightclub space at 280 7th Street – a through block building which was once home to “Rawhide…
Up on Pacific Avenue But Still Down From 2016
As we outlined back in the first quarter of 2019: The “fabulously located condominium” unit #1 at 1536 Pacific Avenue, which was built in 2009 and “designed to withstand the…