Articles Filed Under: Trends

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Approved Development on the Market in Western SoMa

Approved Development on the Market in Western SoMa

The toned-down plans for a 24-unit development to rise up to six stories in height upon the former CrossFit site at 1228 Folsom Street were approved by the City early last year. The demolition plan to clear the through-block site, which stretches to Clementina, for construction has been approved... Read More »

Mortgage Rates Jump

Mortgage Rates Jump

The average rate for a benchmark 30-year mortgage jumped 11 basis points over the past week to 4.15 percent which is still 4 basis points below the 4.19 percent rate in place at the same time last year but the highest rate in ten months and 37 basis points... Read More »

Existing U.S. Home Sales Dropped in December but Ended 2017 Up

Having jumped 5.6 percent in November, the pace of existing-home sales in the U.S. dropped 3.6 percent in December to a seasonally adjusted annual rate of 5.57 million transactions but the lower pace was still 1.1 percent higher on a year-over-year basis and the strongest December pace since 2006... Read More »

Plans to Raze the Examiner’s Printer for Housing to Rise

Plans to Raze the Examiner’s Printer for Housing to Rise

The Fang family is planning to level the San Francisco Newspaper Printing Company building at 1201 Evans Avenue – within which the San Francisco Examiner, SF Weekly and a number of other local periodicals are currently printed – as well as three industrial buildings upon the adjacent 1241 Evans... Read More »

San Francisco and East Bay Employment Slip, Santa Clara Gains

San Francisco and East Bay Employment Slip, Santa Clara Gains

While seasonal hiring typically ticks employment up at the end of the year, the number of people living in San Francisco with a job slipped by 500 in December to 556,900 while the unemployment rate held at a record low of 2.3 percent as the size of the labor... Read More »

Benchmark Mortgage Rate Back above 4%

Benchmark Mortgage Rate Back above 4%

The average rate for a benchmark 30-year mortgage inched up 5 basis points over the past week to 4.04 percent, which is 5 basis points below the 4.09 percent rate in place at the same time last year but the highest rate in eight months and 26 basis points above... Read More »

Benchmark Mortgage Rate Hovering Around 4%

Benchmark Mortgage Rate Hovering Around 4%

Having moved in a narrow four basis point range since the end of 2017, the average rate for a benchmark 30-year mortgage is back to 3.99 percent, which is the highest average rate since the first quarter of 2017 and 21 basis points above last year’s low of 3.78... Read More »

Pricing Index for New Condos in San Francisco Ticks Up, Sales Slip

Pricing Index for New Condos in San Francisco Ticks Up, Sales Slip

The number of purchase contracts signed for new construction condos in San Francisco slipped at the end of 2017 – from 61 in November to 37 in December – and were down 33 percent on a year-over-year basis, according to sales office data collected by The Mark Company. At... Read More »

Plans to Limit Restaurants and Bars as Neighborhood Retail Falters

Plans to Limit Restaurants and Bars as Neighborhood Retail Falters

With the rise of online retail sales and services impacting the viability of brick and mortar retail in San Francisco, landlords are seeing an increase in demand for street level spaces to be occupied by new restaurants and bars and an increase in vacancies for spaces which are restricted... Read More »

Development Driving the Office Market in San Francisco

Development Driving the Office Market in San Francisco

The average asking rent for office space in San Francisco inched up 0.7 percent in the fourth quarter of 2017 to end the year at an all-time high of $71.02 per square foot per year. That being said, the year-over-year gain in asking rent dropped to 1.8 percent, down... Read More »