Benchmark Mortgage Rate Jumps Again, 39 Percent Higher YOY
The average rate for a benchmark 30-year mortgage jumped 23 basis points (0.23 percentage points) over the past week to 3.92 percent, which is 39.5 percent higher than the average…
Refined Plans for Building up Broadway Approved. But…
The refined plans for two distinct buildings to rise up to 64 feet in height on the parking lot parcel at 425 Broadway, which wraps around the three-story Crowbar building…
Lending Standards Tighten, Mortgage Application Volumes Down
With the benchmark mortgage rate having jumped to a 2-year high, lending standards tightening and credit availability having dropped, including a 1.6 percent decline in the indexed availability for Jumbo…
Plans for 14-Story Variegated Tower Slated for Approval
The refined plans for a 14-story tower with a variegated upper mass to rise upon the Polk Gulch parcel at 925 O’Farrell Street could be entitled next week. Having added…
Number of Homes on the Market Inches Up, Poised to Climb
The number of homes on the market in San Francisco, net of all sales activity, inched up a (1) percent over the past week, which is typical for the week…
Bonus Plans for Another Parking Garage Site on the Boards
Purchased along with the 7-story office building on the southwest corner of Francisco and Montgomery for $91 million in the fourth quarter of 2016, plans to raze the four-story, 274-space…
The Lenders Take a Loss in Saint Francis Wood
Having been expanded, renovated and converted into an “executive-style home,” complete with an elevator connecting its unexpected five floors of space, the now 3,172-square-foot St. Francis Wood house at 250…
There Are Not 40,000 Vacant Homes in San Francisco
While it makes for good headlines and viral sound bites, the notion that there are “more than 40,000 vacant homes in San Francisco” is not only misleading but represents a…
Planning Votes to Close Group Housing “Loophole”
As we outlined last week: Created to allow for the development of communal living arrangements, with “communal facilities shared by all project residents,” including communal kitchens and living areas to…
Benchmark Mortgage Rate Just Jumped to a 2-Year High
The average rate for a benchmark 30-year mortgage jumped 14 basis points (0.14 percentage points) over the past week to 3.69 percent, which is nearly a full percentage point (96…