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.

Comments from “Plugged-In” Readers

  1. Posted by Anonoly

    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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