SocketSite
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SocketSite is a San Francisco-based blog that focuses on real estate news and developments in the Bay Area. The blog covers a wide range of topics related to the Bay Area real estate market, including new construction projects, zoning changes, market trends, and housing policy.
SocketSite
5h ago
Driven by a slowdown in the pace of springtime sales versus a “surge,” the net number of single-family homes and condos on the market in San Francisco ticked up 3 percent over the past week and remains at a 13-year seasonal high . As such, there are now 9 percent more homes on the market ..read more
SocketSite
3d ago
As we outlined back in early 2015, after which it sold for $4.65 million, the 1880s-era Italianate at 50 Buena Vista Terrace was rebuilt, remodeled and modernized – including the garage addition, air conditioning, solar and lower-level expansion – without being stripped of its original character and class. And the 2,820-square-foot, four-bedroom home, which “transcends ..read more
SocketSite
3d ago
Speaking of a sharp drop in asking prices across San Francisco despite (mis)reports of a “surging” market, the 838-square-foot Yerba Buena Loft unit #911 at 855 Folsom Street, which had returned to the market priced at $1,198,000 last year, was reduced, withdrawn from the MLS and then re-listed anew for $779,000 this past March, has ..read more
SocketSite
3d ago
With the pace of home sales in San Francisco having slowed following a seasonally driven uptick and inventory levels ticking up from a 13-year seasonal high, the average asking price per square foot of the homes on the market in San Francisco is now 6 percent lower, not higher, than at the same time last ..read more
SocketSite
5d ago
As we first outlined back in February, when the average 30-year mortgage rate was only 6.64 percent, our analysis of the futures market was projecting far fewer rate cuts than many were banking on to drop the cost of capital and mortgage rates this year, an outlook which the Fed affirmed in March. And in ..read more
SocketSite
5d ago
Purchase mortgage application volume in the U.S. dropped 2 percent on a seasonally adjusted basis and 1 percent in absolute over the past week and was 14 percent lower than at the same time last year, based on application data from the Mortgage Bankers Association. At the same time, while the average rate for a ..read more
SocketSite
6d ago
The S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area (i.e., “San Francisco,” which includes the East Bay, North Bay and Peninsula) ticked up nearly 2 percent from January to February and was 5.2 percent higher than at the same time last year, representing the first month-over-month gain in five ..read more
SocketSite
1w ago
The net number of single-family homes and condos on the market in San Francisco effectively held at a 13-year seasonal high over the past week as a slowdown in the pace of sales was matched by a drop in new listing activity. As such, there are now 5 percent more homes on the market than ..read more
SocketSite
1w ago
The weighted average asking rent for an apartment in San Francisco ticked up a (1) percent over the past month to $3,330, representing the first uptick in eight months. That being said, the average asking rent in San Francisco still 7 percent lower than at the same time last year and 25 percent below a ..read more
SocketSite
1w ago
The top floor and attic of the three-unit building at 3758-3762 21st Street were turned into a light-filled penthouse unit (3762 21st Street) with high-end finishes and Dolores Heights views back in 2014. In addition to two bedrooms and two full baths on the main floor, there’s a third room on the upper level, a ..read more