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 trading higher than at the same time last year, pending home sales in San Francisco remain down over 10 percent on a year-over-year basis with year-to-date sales down over 7 percent and slowing.

One thought on “Home Sales Activity in San Francisco Remains Down”
  1. Not even historically low interest rates can keep this market propped up. Even the beginning of a very mild recession will cause the housing bubble to pop.

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