Articles Filed Under: Trends

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Modern SRO Units in the Mission Closer to Reality Sans Toilet Sinks

Modern SRO Units in the Mission Closer to Reality Sans Toilet Sinks

Plans to redevelop the used car lot on the northwest corner of South Van Ness Avenue and 15th Street have been refined and are now closer to reality in the Mission. As we first reported back in 2016, the proposed development could rise up to eight (8) stories in... Read More »

Mortgage Rates Continue to Rise, Short-Term nearing 7-Year Highs

Mortgage Rates Continue to Rise, Short-Term nearing 7-Year Highs

Continuing a trend that shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30-year mortgage ticked up another 6 basis points over the past week to 4.38 percent, which is now 43 basis points higher than at the beginning of the year, 23 basis points... Read More »

New Condo Sales and Pricing Tick Up in SF as Inventory Drops

New Condo Sales and Pricing Tick Up in SF as Inventory Drops

Boosted by the official opening of the sales office for the new Mission District development at 1188 Valencia Street (a.k.a. 1198 Valencia), the number of purchase contracts signed for new construction condos in San Francisco totaled 80 in January versus 18 in January of 2017, according to sales office data... Read More »

More Tourists, Fewer Residents as Proposed

More Tourists, Fewer Residents as Proposed

Built in 1913 and opened as the Keystone Hotel, roughly half (81) of the 168 hotel rooms at 54 Fourth Street, which is now ‘The Mosser,’ were subsequently reclassified and rented as residential units without kitchens (i.e., SRO units) which average 142 square feet in size, thirteen (13) of... Read More »

Benchmark Mortgage Rate Jumps to an Effective 4-Year High

Benchmark Mortgage Rate Jumps to an Effective 4-Year High

In a move that shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30-year mortgage moved up another 10 basis points over the past week to 4.32 percent, which is 37 basis points higher than at the beginning of the year, 15 basis points higher... Read More »

Bay Area Home Sales and Median Price Drop

Bay Area Home Sales and Median Price Drop

The number of single-family homes and condos that traded hands across the greater Bay Area totaled 6,825 in December, down 5.9 percent from a downwardly revised 7,250 sales in November and 3.9 percent lower versus the same time last year. And in San Francisco, the recorded sales volume dropped... Read More »

Benchmark Mortgage Rate Continues to Rise, Nearing a 4-Year High

Benchmark Mortgage Rate Continues to Rise, Nearing a 4-Year High

The average rate for a benchmark 30-year mortgage rose up another 7 basis points over the past week to 4.22 percent which is the highest rate in over ten months, 3 basis points higher than the same time last year, 27 basis points higher than at the beginning of... Read More »

Pending U.S. Home Sales Inch up but Still Expected to Slow in 2018

Pending U.S. Home Sales Inch up but Still Expected to Slow in 2018

The National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, inched up 0.5 percent to 110.1 in December, ending the year 0.5 percent higher than at the end of 2016 but 1.9 percent below its 2017 peak set in February. At... Read More »

Rents in San Francisco and Oakland Slip Versus 2017

Rents in San Francisco and Oakland Slip Versus 2017

Having ended last year lower than where they started, asking rents for apartments in San Francisco inched up 1.1 percent over the past month but remain 1.3 percent lower versus the same time last year. In fact, based on a comparison of roughly 2,500 listings, the weighted average asking... Read More »

Bay Area Home Values Tick Up to Another High

Bay Area Home Values Tick Up to Another High

Having ticked up 1.2 percent in October, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – ticked up 1.4 percent in November to another all-time high while the index for Bay Area... Read More »