Inventory and Price Cuts Tick Up in San Francisco
The net number of homes on the market in San Francisco (i.e., inventory) ticked up another 3 percent over the past week from what was already an 11-year seasonal high…
Further Muted Plans for New Wharf Hotel Closer to Reality, But…
As we outlined back in March of 2020: Having faced some pushback from the City’s Planning Department with respect to their proposed approach, as originally rendered above, the plans for…
Pre-Pandemic Pricing Versus Spot Value for a Twisty Two
Priced at $1.93 million, or $1,596 per square foot, in September of 2019, the listing for the brand new two-bedroom, two-bath unit #24C with southwest corner views in the twisty…
Mortgage Rates Inch Up, 30-Year Rate Hits a 670-Week High
As we noted last week, “the yield on the 10-year treasury inched up around 3 basis points since the Fed’s announcement, indicating the near-certain hike was already priced-in and should…
The Path Forward for GLIDE’s Proposed Modernization Project
If approved as envisioned, GLIDE’s six-story administrative and community services building at 330 Ellis Street, which currently rises up to 76 feet in height adjacent to the iconic Glide Memorial…
Mortgage Applications Tick Up, ARM Share Nearly Triples
Mortgage loan application volume across the U.S. ticked up 2.0 percent over the past week on a seasonally adjusted basis and 3.0 percent in the absolute, according to data from…
Number of Homes for Sale in San Francisco Keeps Climbing
Driven by a pronounced slowdown in the pace of sales, the net number of homes on the market in San Francisco (i.e., listed inventory) ticked up another 8 percent over…
Pace of Home Sales in San Francisco Drops
Having slipped last month, representing an atypical decline in activity in the midst of the traditional spring buying/selling season and despite posturing that a jump in mortgage rates would spur…
Benchmark Mortgage Rate Climbs, Nearing a 13-Year High
Measured prior to the Fed’s rate hike yesterday, the average rate for a benchmark 30-year mortgage had already jumped another 17 basis points to 5.27 percent, which is 231 basis…
All Eyes on The Fed and Projected Rate Hike(s)
While the Fed has only hiked the target federal funds rate by 25 basis points (0.25 percentage points) from the near zero rate which had been in place since 2018,…