Driven by a pronounced slowdown in the pace of sales, the net number of homes on the market in San Francisco (i.e., listed inventory) ticked up another 8 percent over the past week from what was already an 11-year seasonal high. As such, there are now 30 percent more... Read More »

Having slipped last month, representing an atypical decline in activity in the midst of the traditional spring buying/selling season and despite posturing that a jump in mortgage rates would spur more activity as buyers rushed to “lock-in at lower rates” and inventory having hit an 11-year seasonal high, the... Read More »

Measured prior to the Fed’s rate hike yesterday, the average rate for a benchmark 30-year mortgage had already jumped another 17 basis points to 5.27 percent, which is 231 basis points and nearly 80 percent higher than at the same time last year and the highest average rate since... Read More »

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 (0.11 percentage points) to 5.11 percent, which is 214 basis points and over 70 percent higher than at the... Read More »

While one week doesn’t make for a trend, the net number of homes on the market in San Francisco (i.e., inventory) ticked down a few percent over the past week from an 11-year seasonal high, driven by a pronounced slowdown in new listing activity versus an uptick in sales.... Read More »

Having inched down to just under 20 percent at the end of last year, the effective office vacancy rate in San Francisco ticked back up to a pandemic high of 21.7 percent in the first quarter of 2022, representing 18.7 million square feet of vacant office space in the... Read More »

Having ticked over 18 percent at the end of last year, the office vacancy rate in the East Bay, not including Walnut Creek or further east, inched down to 17.3 percent in the first quarter of 2022, representing the first decline in the vacancy rate since late 2019 (at... Read More »

The average rate for a benchmark 30-year mortgage jumped another 28 basis points (0.28 percentage points) over the past week to 5.00 percent, which is 196 basis points and over 60 percent higher than at the same time last year, over two (2) full percentage points higher than in... Read More »

Having hit an 11-year seasonal high last week, the net number of homes on the market in San Francisco (i.e., inventory) has since ticked up another 8 percent, driven by a continued slowdown in the pace of sales along with an increase in listing activity and price reductions on... Read More »

Having hit a 10-year seasonal high last month, the net number of homes on the market in San Francisco (i.e., inventory) has since ticked up another 3 percent, driven by a slowdown in the pace of sales. As such, there are now over 50 percent more homes on the... Read More »