Articles Filed Under: Trends

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Drop in Home Sales Driving Inventory Levels Up

In a move which shouldn’t catch any plugged-in readers by surprise, there are now more homes on the market in San Francisco than there were at the same time last year. In fact, inventory levels in the city are approaching a nine-year high which we’ll breakdown next week. And... Read More »

Inventory Levels Poised to Jump in San Francisco

While the number of homes listed for sale in San Francisco plummeted at the end of March, following the issuance of San Francisco’s original stay-at-home order, inventory levels were already back to within 5 percent of their levels at the same time last year as of earlier this week,... Read More »

Home Purchase Activity Ticks Up, Refinancing Activity Slips

With the benchmark mortgage rate having dropped to an all-time low of 3.23 percent last week, mortgage application volume in the U.S. inched up 1.0 percent over the past week, with refinancing activity having actually slipped 2 percent and purchase activity having ticked up 6 points, according to the... Read More »

Inventory Levels Up Another 11 Percent in San Francisco

With pending home sales in San Francisco down nearly 50 percent on a year-over-year basis, the number of homes listed for sale in the city has ticked up another 11 percent over the past week and is now north of 600. As such, listed inventory levels are now up... Read More »

Listings for Apartments in San Francisco and Oakland Jump

Listings for Apartments in San Francisco and Oakland Jump

Having slipped around 3 percent in the first quarter of the year, the weighted average asking rent for an apartment in San Francisco is currently holding at around $4,000 a month, which is around 3 percent cheaper than at the same time last year and 10 percent below a... Read More »

Pac Heights Penthouse Drops Over 20 Percent in 5 Months

Pac Heights Penthouse Drops Over 20 Percent in 5 Months

Having traded for $2.895 million this past November, the “meticulously updated” two-bedroom, two-bath penthouse unit #12F atop 2200 Pacific Avenue, “on a distinguished flat block of Pacific Heights,” suddenly returned to the market with a $2.695 million price tag early last month. In addition to a coveted open floor... Read More »

Benchmark Mortgage Rate Drops to an All-Time Low

Benchmark Mortgage Rate Drops to an All-Time Low

Having inched up last week, the average rate for a benchmark 30-year mortgage has since dropped 10 basis points (0.10 percentage points) and now measures 3.23 percent, which 91 basis points below its mark at the same time last year and a new all-time low by 6 basis points,... Read More »

Pending Home Sales Activity in the U.S. Drops Over 20 Percent

Pending Home Sales Activity in the U.S. Drops Over 20 Percent

Having ticked up 2.4 percent in February, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped 20.8 percent in March to 88.2, which is 16.3 percent below its mark at the same time last year... Read More »

Bay Area Unemployment Claims Skyrocket, Over 330K in March

Bay Area Unemployment Claims Skyrocket, Over 330K in March

Having averaged a little over 3,500 new claims a month over the past five years, and with a total of around 5,600 individuals in San Francisco having qualified to receive unemployment benefits in February, over 44,300 new/initial unemployment claims were filed by San Francisco residents in March. As a... Read More »

Index for Bay Area Home Values Actually Inched Up, But…

Index for Bay Area Home Values Actually Inched Up, But…

Having slipped in January, 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 0.9 percent in February to within one (1) percent of last June’s peak, prior to the widespread... Read More »