Asking Rents in Oakland Continue to Tick Down, Discount Up
Having dropped to a two-year low at the end of last year, the average asking rent for an apartment in Oakland has since ticked down another 4 percent to around $2,300 per month, which is 11 percent...
View ArticleAverage Rent in S.F. Continues to Drop, Over 25 Percent Below Peak
Having dropped last month, at which point it was down 5 percent year-over-year, the weighted average asking rent for an apartment in San Francisco has since dropped another 3 percent to $3,300 a month,...
View ArticleRedeveloped Marina Boulevard Mediterranean Finally Trades
Purchased for $5.688 million in May of 2018, the “Stunning Mediterranean View Home” with a sprawling backyard at 669 Marina Boulevard returned to the market priced at $7.999 million in January of 2022...
View ArticleRecently Shuttered Fast Food Parcel In Play
The recently shuttered KFC site on the northwest corner of Duboce and Gurerro, a block south of Market Street on the northern border of the Mission, is on the market with a $1.548 million price tag....
View ArticleOffice Vacancy Rate in San Francisco Hits a New High, Leasing Drops
Continuing a trend that shouldn’t catch any plugged-in readers, other than the most obstinate, by surprise, the office vacancy rate in San Francisco ticked up to 33.9 percent at the end of last month,...
View ArticleOver 21 Salesforce Towers Worth of Vacant Office Space in S.F.
As we outlined yesterday, the amount of vacant office space in San Francisco now totals over 29 million square feet, having increased by over a million square feet in the first quarter of this year...
View ArticleExpected Value of Rate Cuts Drops
As we first outlined early last month, based on an analysis of the futures market for interest rate products, the expected value of the Fed’s rate cuts was suggesting there would be a total of three...
View ArticleA Fast 23 Percent Over Asking Sale in The Mission!
Listed for $995,000 three weeks ago, the 990-square-foot, one-bedroom penthouse unit #308 atop the “premier…residential building” at 3500 Nineteenth Street, with high-end finishes, panoramic views, and...
View ArticleOver 40 Percent More Homes on the Market than Average in S.F.
As we projected, the number of condos and single-family homes on the market in San Francisco (i.e., inventory) ticked up another 5 percent over the past week and continues to run at a 13-year seasonal...
View ArticleAwesome View Home Fetches Twice It’s 2016 Price! But…
“Perched majestically atop Golden Gate Heights” on a 6,365-square-foot, park-like lot, the designer five-bedroom home with a detached guest cottage at 565 Ortega Street returned to the market priced at...
View ArticlePurchase Mortgage Activity Drops, Rates on the Rise
Having inched up a percent at the end of last month, purchase mortgage application volume in the U.S. dropped 5 percent in the absolute over the past week and 4 percent on a seasonally adjusted basis....
View ArticleBenchmark Mortgage Rate Back Near 7 Percent
Following 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 (0.06 percentage points) over the past week...
View ArticleEast Bay Office Vacancy Rate Inches Up, But…
With the office vacancy rate in San Francisco having ticked over 33 percent last month, the effective office vacancy rate in the East Bay, not including Walnut Creek or further east, inched up another...
View ArticleNumber of Homes on the Market in S.F. Keeps Climbing
Having hit a 13-year seasonal high last month, the net number of single-family homes and condos on the market has since ticked up another 13 percent with new supply having outpaced demand, despite...
View ArticlePace of New Home Sales Activity Actually Drops, Loan Size Too
While mortgage application volume for new home purchases in the U.S. ticked up a (1) percent from January to February and was nearly 16 percent higher than at the same time last year, “the below...
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