Articles Filed Under: Real Estate Economics

(1,286 posts)

Pace of Home Sales in San Francisco Still Down

Having hit its pandemic driven nadir at the end of April, when pending home sales were down nearly 50 percent on a year-over-year basis in San Francisco, the pace of sales started to rebound in mid-May. But the current pace of contract signings is still down over 20 percent... Read More »

Number of Homes for Sale in San Francisco Continues to Tick Up

While the pace of home sales in San Francisco has started to rebound, new listing activity continues to outpace the number of new purchase contracts being written. As such, the number of homes listed for sale across the city, net of new sales, ticked up another 7 percent over... Read More »

The Target Dates and Plan to Fully Reopen San Francisco

With restrictions on construction projects, residential moves and in-person showings of homes having been eased back at the end of April, at which point some outdoor facilities and businesses were allowed to reopen as well, the tentative plan and dates for the complete economic and social reopening of San... Read More »

Asking Rents in San Francisco and Oakland Are Down

Asking Rents in San Francisco and Oakland Are Down

Having already started to slip earlier this year, prior to the COVID-19 hit, the weighted average asking rent for an apartment in San Francisco has dropped around 4 percent since the end of February to $3,950 a month, which is down over 7 percent on a year-over-year basis and... Read More »

Pending Home Sales Down Nearly 34 Percent Nationwide

Pending Home Sales Down Nearly 34 Percent Nationwide

Having already dropped over 20 percent in March, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped another 21.8 percent in April to 69.0 and is now running 33.8 percent its mark at the same... Read More »

Benchmark Mortgage Rate Drops to a New All-Time Low

Benchmark Mortgage Rate Drops to a New All-Time Low

Having inched down last week, the average rate for a benchmark 30-year mortgage has since shed another 9 basis points (0.09 percentage points) to 3.15 percent which is 8 basis points below its previous all-time low of 3.23 percent and 84 basis points below its mark at the same... Read More »

Pace of New Home Sales Holds with a Sales Price Drop

Pace of New Home Sales Holds with a Sales Price Drop

Having dropped (an upwardly revised) 13.7 percent in March, the pace of new single-family home sales in the U.S. was effectively unchanged in April (up 0.6 percent), for a seasonally adjusted annual rate of 623,000 sales (which is 6.2 percent lower than at the same time last year). But... Read More »

Home Sales in San Francisco Rebounding but Still Down

Having hit its pandemic driven nadir at the end of last month, when there were nearly 50 percent fewer pending home sales in San Francisco than at the same time last year, the pace of sales has started to rebound. And in fact, new contract activity over the past... Read More »

Index for Bay Area Home Values Hits a New High, But…

Index for Bay Area Home Values Hits a New High, But…

Having ticked up an upwardly revised 1.2 percent in February, 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 nearly two (1.8) percent in March to a new all-time high.... Read More »

Nearly 50 Percent More Homes on the Market in San Francisco

Having jumped to a 9-year seasonal high last week, the number of homes on the market in San Francisco has since ticked up another 5 percent to 870, representing 45 percent more inventory than at the same time last year, driven by a dramatic slowdown in sales activity over... Read More »