Asking Rents in Oakland Hold
Having held in March, the weighted average asking rent for an apartment in Oakland was effectively unchanged in April as well, holding at just under $2,450 a month. As such,…
Pending Home Sales Continue to Drop, Nationally and Locally
Having “dwindled” 4.1 percent in February, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, ticked down…
Mortgage Applications Drop as Homebuyers Pull Back Even More
Mortgage loan application volumes in the U.S. dropped another 8.3 percent over the past week on a seasonally adjusted basis and 7 percent in the absolute, with a 9 percent…
Pace of New Home Sales Drops, Inventory Climbs
Having ticked down an upwardly revised 1.2 percent in February, the seasonally adjusted pace of new single-family home sales in the U.S. dropped 8.6 percent in March to an annualized…
Index for Bay Area House Values Up Nearly 23 Percent YOY
Having increased 2.4 percent in January, 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…
Inventory Levels Tick Back Up in San Francisco
Having ticked down last week, the net number of homes on the market in San Francisco (i.e., inventory) has since ticked back up to an 11-year seasonal high, driven by…
Benchmark Mortgage Rate Just Hit a 12-Year High
Having hit 5 percent for the first time in over a decade last week, the average rate for a benchmark 30-year mortgage has since ticked up another 11 basis points…
Pace of Existing Home Sales Drops Again, Inventory Ticking Up
Having dropped 7.2 percent in February, the seasonally adjusted pace of existing-home sales across the U.S. ticked down another 2.7 percent in March to an annual rate of 5.77 million…
Visualizing All the Vacant Office Space in San Francisco
As we outlined last week, the amount of vacant office space in San Francisco has ticked up to a pandemic high of 18.7 million square feet versus under 5 million…
Mortgage Activity Drops with a Pullback in Demand
Mortgage loan application volumes in the U.S. dropped another 5 percent over the past week on a seasonally adjusted basis and 4 percent in the absolute, with an 8 percent…