Articles Filed Under: Trends

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Falling Rents and Returns for a Signature Two-Bedroom with Views

Falling Rents and Returns for a Signature Two-Bedroom with Views

Purchased for $1,550,000 in early 2008, the 1,317-square-foot unit #23D at 301 Main Street, a “signature” two-bedroom unit with Bay Bridge and water views in the first tower of the Infinity, was offered for rent at $6,500 a month in June of 2013, an effective CAP Rate (ROA) of... Read More »

Benchmark Mortgage Rate Ticks down along with Odds of a Hike

Benchmark Mortgage Rate Ticks down along with Odds of a Hike

Having slipped back below 4 percent three weeks ago, the average rate for a benchmark 30-year mortgage inched down another 3 basis points over the past week to 3.90 percent, which is within 2 basis points of this year’s low (3.88 percent) but remains 45 basis points above the... Read More »

Big Cut for Approved Development in the Tenderloin

Big Cut for Approved Development in the Tenderloin

Purchased as an un-entitled Tenderloin parcel for $1.6 million three years ago, plans for an eight-story, market-rate building with 23 sub-500-square-foot residential units to rise on the 430 Eddy Street site were approved by the City early last year. Two months later, the now “Fully Entitled!” site returned to... Read More »

Sub-2015 Pricing in the Mission Take Two (or Three)

Sub-2015 Pricing in the Mission Take Two (or Three)

While the list price for the Mission District penthouse unit #504 at 3590 20th Street and Valencia (a.k.a. the “V20” building) has been further reduced to $2.398 million, which is now $197K below the $2.595 million which was paid for three-bedroom condo back in July of 2015, it appears... Read More »

Pending U.S. Home Sales Tick Up, Back above Average in the West

Having shed 3.4 percent over the previous three months, the National Association of Realtors Pending Home Sales Index, for which 100 denotes an average level of activity, ticked up 1.5 percent to an above average 110.2 in June which is 0.5 percent higher versus the same time last year.... Read More »

Bay Area Home Sales and Prices Moved Rather Unevenly in June

Bay Area Home Sales and Prices Moved Rather Unevenly in June

The number of single-family homes and condos that traded hands in San Francisco inched up 0.7 percent from 566 in May to 570 in June versus a typical seasonal gain of closer to 3 percent. And on a year-over-year basis, sales actually slipped a percent versus an 11.0 percent... Read More »

Benchmark Mortgage Rate Back Below 4 Percent

Benchmark Mortgage Rate Back Below 4 Percent

Having ticked up to 4.03 percent two weeks ago, the average rate for a benchmark 30-year mortgage is now back down to 3.92 percent but remains 44 basis points above the 3.48 percent average rate in place at the same time last year and 51 basis points above last... Read More »

New Home Sales in the U.S. Inch up, Inventory Hits Eight-Year High

New Home Sales in the U.S. Inch up, Inventory Hits Eight-Year High

Having gained an upwardly revised 4.9 percent in May, the seasonally adjusted rate of new single-family home sales in the U.S. inched up another 0.8 percent in June to an annual rate of 610,000 sales and is running 9.1 percent above the pace of sales at the same time... Read More »

Top Tier Slips but Indexes for Bay Area Home Values Hit New Highs

Top Tier Slips but Indexes for Bay Area Home Values Hit New Highs

Having gained 1.5 percent in April, 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 – inched up 0.5 percent in May and the index for area condos gained 0.8 percent, lifting each... Read More »

Pace of Existing U.S. Home Sales Slips as Median Hits a New High

Having ticked up 1.1 percent in May, the pace of existing-home sales in the U.S. slipped 1.8 percent to a seasonally adjusted annual rate of 5.52 million transactions in June, which is still 0.7 percent above the pace at the same time last year but the second slowest pace... Read More »