CFAH

Index for Bay Area House Values Ticks up 2.2 Percent

Index for Bay Area House Values Ticks up 2.2 Percent

Having jumped a downwardly revised 4.3 percent in March, 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 2.2 percent in April for a year-over-year gain of 22.9 percent versus... Read More »

Pending Home Sales in the U.S. Inch Up, Drop Year-Over-Year

Pending Home Sales in the U.S. Inch Up, Drop Year-Over-Year

Having dropped 3.9 percent in April to a near decade low, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, inched back up 0.7 percent in May to 99.9 but was down 13.6 percent on a... Read More »

Over Twice as Many Homes on the Market in S.F. Than in 2019

Over Twice as Many Homes on the Market in S.F. Than in 2019

Despite a slowdown in the number of homes that have been newly listed for sale over the past month, the net number of homes on the market in San Francisco, a.k.a “inventory,” has increased by double digits as the pace of sales has declined even more. As such, there... Read More »

Buena Vista View Mansion Reduced Over 20 Percent

Buena Vista View Mansion Reduced Over 20 Percent

As we outlined back in 2012, the 7,138-square-foot home at 15 Buena Vista Terrace was built on a double lot with panoramic views and luxury finishes throughout. Think Poggenpohl, Gaggenau and Carrara marble counters in the kitchen on the main floor, with a (now) 1000-bottle wine cellar, gym and... Read More »

Pace of New Home Sales in the U.S. Ticks Up, But…

Pace of New Home Sales in the U.S. Ticks Up, But…

Having dropped 12.0 percent in April, the seasonally adjusted pace of new single-family home sales in the U.S. increased 10.7 percent in May to an annualized rate of 696,000 sales.  That being said, the pace of new home sales last month was down 5.9 percent on a year-over-year basis... Read More »

Benchmark Mortgage Rate Crosses Its 30 Year Average

Benchmark Mortgage Rate Crosses Its 30 Year Average

Having inched up another 3 basis points (0.03 percentage points) over the past week to 5.81 percent, which is the highest average 30-year mortgage rate since November of 2008, the benchmark mortgage rate is now above its 30 year average for the first time in over two decades and... Read More »

Pace of Existing Home Sales in the U.S. Continues to Fall

Pace of Existing Home Sales in the U.S. Continues to Fall

Having dropped 2.4 percent in April, the seasonally adjusted pace of existing-home sales across the U.S. fell another 3.4 percent in May to an annual rate of 5.41 million sales, representing the tenth straight month with a year-over-year decline in sales, the largest year-over-year decline (8.6 percent) since the... Read More »

Another Approved Tower Not Positioning to Break Ground

Another Approved Tower Not Positioning to Break Ground

As we outlined and suggested earlier this year: The refined plans for a 14-story tower with a variegated upper mass to rise upon the Polk Gulch parcel at 925 O’Farrell Street could be entitled next week. Having added an additional 10 feet in height since formally proposed, the 140-foot-tall... Read More »

Inventory Levels Keep Climbing in San Francisco

Tracking a couple of trends that shouldn’t have caught any plugged-in readers by surprise, the net number of homes on the market in San Francisco ticked up another 3 percent over the past week and there are now 32 percent more homes on the market than there were at... Read More »

Over 570,000 Bay Area Jobs Have Been Recovered, 79K to Go

Over 570,000 Bay Area Jobs Have Been Recovered, 79K to Go

Having slipped in April, the net number of people living in San Francisco with a paycheck inched up by 1,100 in May to 556,100. As such, there are now 48,900 more employed residents in San Francisco than there were at the same time last year and 77,400 more than... Read More »