New Home Sales in the U.S. Jump, Discounting in Play
The seasonally adjusted pace of new single-family home sales in the U.S. jumped over 12 percent from April (680,000) to May (763,000) and was 20 percent higher than at the…
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Index for Bay Area Home Values Ticks Up, Down 11 Percent YOY
Having gained a seasonally driven 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,…
Homebuying Activity Inches Up but Drops Year-Over-Year. And…
The number of applications to secure a purchase mortgage loan for an existing home in the U.S. inched up 0.1 percent over the past week in the absolute and 2…
Number of Homes on the Market in San Francisco Inches Up
Despite a pronounced slowdown in the relative number of condos and single-family homes newly listed for sale over the past couple of quarters, driven by a jump in the cost…
Pace of Home Sales in San Francisco Slips, Prices Too
The pace of home sales in San Francisco ticked up in May, as we outlined at the time, ending the month with just over 30 percent fewer single-family homes and…
Bay Area Employment Drops, Down Year-Over-Year
Having dropped in April, the number of San Francisco residents with a job ticked down again last month, from 559,700 to 557,900. As such, while there are still 1,100 more…
Benchmark Mortgage Rate Inches Down, Odds of an Easing Drop
The average rate for a benchmark 30-year mortgage inched down 2 basis points (0.02 percentage point) over the past week to 6.69 percent, which is 91 basis points higher than…
New Development Slated for Foreclosure
As we revealed last month, plans to sell the 25 new condos in the modern new building at 603 Tennessee Street, which is sitting vacant, across the street from UCSF’s…
Inventory Levels Tick Up in San Francisco, Price Per Foot Down
The net number of single-family homes and condos on the market in San Francisco ticked up another 2 percent over the past week but remains 11 percent lower than at…
Benchmark Mortgage Rate Jumps to a Six-Month High
The average rate for a benchmark 30-year mortgage has jumped 40 basis points (0.40 percentage point) over the past two weeks to 6.79 percent, which is 170 basis points and…