Articles Recently Tagged: Pending Home Sales

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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 »

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 »

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 »

Pending Home Sales Down 40 Percent in San Francisco

As we outlined two weeks ago, the pace of home sales in San Francisco was already “down 20 percent on a year-over-year basis and dropping fast.” And in fact, the number of homes in contract across the city is now down 40 percent versus the same time last year... Read More »

Pace of Home Sales Down 30 Percent in San Francisco

As we outlined last week, the pace of home sales in San Francisco was already “down 20 percent on a year-over-year basis and dropping fast.” As we noted yesterday, the number of homes on the market in San Francisco has since ticked up 11 percent, “driven by an uptick... Read More »

Pending Home Sales Activity in the U.S. Was Up Last Month

Pending Home Sales Activity in the U.S. Was Up Last Month

Having rebounded 5.2 percent in January, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, ticked up another 2.4 percent in February to 111.5, which was 9.4 percent above its mark at the same time last... Read More »

Inventory Levels and Sales Continue to Drop in San Francisco

Having plummeted 40 percent last week, the number of homes on the market in San Francisco has since dropped another 14 percent to 390, which isn’t zero but is 37 percent fewer than at the same time last year, driven by a combination of listings being withdrawn from the... Read More »