Development Deja Vu on Potrero Hill

Development Deja Vu on Potrero Hill

Speaking of Potrero Hill parcels which are approved for development but are on the market rather than preparing to break ground, the 1000 Mississippi Street site, which sits just below the massive public housing site to be redeveloped on the southeastern slope of Potrero Hill, is now being marketed... Read More »

Benchmark Mortgage Rate Is Nearing an All-Time Low

Benchmark Mortgage Rate Is Nearing an All-Time Low

With the unexpected result of the Brexit vote roiling the financial markets, resulting in a flight to quality and driving the yield on the 10-year Treasury down, the average rate for a benchmark 30-year mortgage has dropped to 3.48 percent, the lowest rate in over three years and within... Read More »

Potrero Hill Site Approved for Big Development Now in Play

Potrero Hill Site Approved for Big Development Now in Play

While approved for the development of a 172-unit building with parking for 111 cars and 6,900 square feet of ground-floor retail space last month, the Potrero Hill parcel at 1301 16th Street is now on the market rather than preparing to break ground. And according to the City’s tracking system,... Read More »

New Plans to End a Five-Year Battle over Building up in Nob Hill

New Plans to End a Five-Year Battle over Building up in Nob Hill

The nearly five year fight over the proposed redevelopment of the two-story Nob Hill warehouse at 1469 Pacific Avenue will be continued for at least another couple of weeks. But with the plans for a two-story addition and conversion of the building into nine condos, nine parking spaces (down... Read More »

Pending U.S. Home Sales Suddenly Skid

Having hit a ten-year high in April, the National Association of Realtors Pending Home Sales Index, for which 100 denotes an average level of activity, suddenly dropped 3.7 percent to 110.8 in May.  And for the first time since August 2014, the index is lower on a year-over-year basis,... Read More »

The Grand Plan to Transform the Intersection of Market and Van Ness

The Grand Plan to Transform the Intersection of Market and Van Ness

In addition to potentially raising building height limits, allowing for more density, and setting the stage for a number of public realm improvements, such as new public open spaces and safer streets, the draft plan for the City’s Market Street Hub Project envisions transforming the intersection of Market and... Read More »

Airbnb Sues San Francisco

Arguing that its listings are protected by the First Amendment and a couple of Federal Communications Acts, regardless of whether or not said listings are for offerings which are illegal, Airbnb has filed suit in District Court seeking an injunction to block the recently adopted amendment to San Francisco’s... Read More »

Index for Bay Area Home Values Ticks up but Rate of Change Slows

Index for Bay Area Home Values Ticks up but Rate of Change Slows

The Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area gained 1.5 percent in April, hitting an all-time high and surpassing the previous cycle peak recorded in May 2006 by 4 percent. But the rate of change has been slowing since the second quarter of 2015,... Read More »

The Rerefined Plans for Razing Home and 60 Rentals to Rise

The Rerefined Plans for Razing Home and 60 Rentals to Rise

The plans for razing the long-shuttered Home restaurant at the Corner of Market and Church and constructing a four to seven-story building on the 2100 Market Street site were approved earlier this year, but with a number of conditions which included a redesign of the previously redesigned project: The... Read More »

Price Reductions for Homes in San Francisco Hit a Four-Year High

In a trend we first noticed forming a year ago, the share of active listings for single-family homes and condos in San Francisco for which the original list price has been reduced at least once has ticked up to 20 percent versus 15 percent at the same time last... Read More »