Articles Filed Under: Trends

(2,447 posts)

Number of Homes Listed for Sale in S.F. Up Another 10 Percent

Driven by a sharp decline in new contract activity, the number of homes actively listed for sale in San Francisco has ticked up another 10 percent over the past week to 550. As such, while listed inventory levels in the city are still down 10 percent on a year-over-year... Read More »

San Francisco’s Housing Pipeline Hits a Record High

San Francisco’s Housing Pipeline Hits a Record High

With the number of newly proposed units of housing to be built in San Francisco having ticked up in the fourth quarter of last year, the number of apartments and condos under development in San Francisco (i.e., the city’s housing pipeline) ended 2019 at a new record high and... Read More »

Plans to Transform the Van Ness Motel

Plans to Transform the Van Ness Motel

Built in 1955, plans to double the capacity of the three-story Van Ness Motel turned “Van Ness Inn” have been drafted. As proposed, the second and third floors of the existing motel’s motor court would effectively be infilled with new rooms, an all-new fourth floor would be added atop... Read More »

Pace of New Home Sales Takes a Hit, Plummets Out West

Pace of New Home Sales Takes a Hit, Plummets Out West

Having dropped (a downwardly revised) 4.6 percent in February, prior to the impact of COVID-19 having taken hold, the pace of new single-family home sales in the U.S. dropped another 15.4 percent in March to a seasonally adjusted annual rate of 627,000 sales, which is 9.5 percent lower than... Read More »

Benchmark Mortgage Rate Inches Up, Short-Term Rate Slips

Benchmark Mortgage Rate Inches Up, Short-Term Rate Slips

Having inched down to within 2 basis points (0.02 percentage points) of an all-time low last week, the average rate for a benchmark 30-year mortgage has since inched back up 2 basis points to 3.33 percent, which is still 87 basis points (0.87 percentage points) below its mark at... Read More »

Pending Home Sales Down Nearly 50 Percent in San Francisco

While the number of homes listed for sale in San Francisco has started to tick up, the pace of sales has further declined. As we outlined three weeks ago, the pace of home sales in San Francisco was already “down 20 percent on a year-over-year basis and dropping fast.”... Read More »

Pace of Existing-Home Sales Drops, Poised to Plummet

Pace of Existing-Home Sales Drops, Poised to Plummet

Having jumped 6.5 percent in February, prior to the stock market having dropped and the impact of COVID-19 having taken hold, the seasonally adjusted pace of existing-home sales across the U.S. subsequently fell 8.5 percent in March to an annual rate of 5.27 million sales but still managed to... Read More »

Inventory Levels in San Francisco Tick Up, Sales Down

Having held last week, the net number of homes listed for sale in San Francisco (i.e., listed inventory) has since ticked up 17 percent to around 500, which is still 15 percent lower than at the same time last year but up significantly from a 40 percent drop on... Read More »

Bay Area Employment Dropped by at Least 77,000 Last Month

Bay Area Employment Dropped by at Least 77,000 Last Month

Based on employment data through the second week of March, which predates the bulk of the ongoing economic impact caused by COVID-19, the estimated number of people living in San Francisco with a paycheck has already dropped by at least 13,100 to 560,800, representing at least 5,400 fewer employed... Read More »

Benchmark Mortgage Rate Inches Down to a Near-Record Low

Benchmark Mortgage Rate Inches Down to a Near-Record Low

The average rate for a benchmark 30-year mortgage inched down another 2 basis points over the past week to 3.31 percent, which is 86 basis points (0.86 percentage points) below its mark at the same time last year and within 2 basis points of an all-time low, according to... Read More »