Articles Recently Tagged: Pending Home Sales

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Mortgage Rates Jump

Mortgage Rates Jump

Having started to inch up last week, the average rate for a 30-year mortgage has since jumped another 17 basis to 3.73 percent but remains 92 basis points below its mark at the same time last year and within 32 basis points of a three/six-year low. At the same... Read More »

Home Sales Activity in San Francisco Remains Down

While the number of homes listed for sale in San Francisco just hit an 8-year seasonal high, pending home sales activity in the city remains down. In fact, despite a significant drop in mortgage rates over the same period of time, and both the DJIA and S&P 500 currently... Read More »

Mortgage Rates Inch Up

Mortgage Rates Inch Up

While the average rate for a 30-year mortgage inched up 7 basis points over the past week to 3.56 percent, it remains within 15 basis points of a three/six-year low and down 138 basis points (1.38 percentage points or roughly 28 percent) since the fourth quarter of last year.... Read More »

Pending Home Sales in San Francisco Are Really Down

As we noted last week, the year-to-date pace of completed home sales in San Francisco is currently running at an 8-year low. And in addition to being down over 10 percent versus the same time last year, despite a significant drop in mortgage rates over the same period of... Read More »

Home Sales in San Francisco Remain at an 8-Year Low

With July home sales in San Francisco having slipped on a year-over-year basis, sales through the first seven months of 2019 now total a little under 3,200, which is down a little over 7 percent versus 2018 and remains at an 8-year low, despite a significant drop in mortgage... Read More »

Pending Home Sales in the US Drop

Pending Home Sales in the US Drop

Despite mortgage rates having dropped to a near three-year low, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, dropped 2.5 percent in July to 105.6, which is now down 0.3 percent on a year-over-year basis and 6.0 percent below... Read More »

Number of Homes for Sale in SF Is About to Jump

Number of Homes for Sale in SF Is About to Jump

With a typical seasonal nadir now a week away, the number of homes listed for sale in San Francisco has ticked down to 530, which is 4 percent fewer than at the same time last year, driven by a drop in listing activity along with an uptick in sales.... Read More »

Number of Homes for Sale in SF Is Nearing Its Summertime Nadir

With the market’s summertime nadir two weeks away, the number of homes actively listed for sale in San Francisco has dropped to 540, which is 3 percent fewer than at the same time last year, driven by a drop in listing activity along with an uptick in sales. At... Read More »

Fewest San Francisco Home Sales Since 2011

The number of San Francisco homes that sold in the first half of this year totaled a little under 2,700. That’s down a little over 8 percent versus the roughly 2,900 sales in the first half of 2018 and the fewest first-half sales in San Francisco since 2011 when... Read More »

Pending Home Sales in the US Tick Up

Pending Home Sales in the US Tick Up

Having ticked up 1.1 percent in May, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, gained 2.8 percent in June and now measures 108.3, which is 1.6 percent higher on a year-over-year basis but still 3.6 percent below its... Read More »