Pace of New Home Sales Jumps, Still Down YOY
The seasonally adjusted pace of new single-family home sales in the U.S. jumped 9.6 percent in March to an annualized rate of 683,000 sales but was still 3.4 percent lower…
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Bay Area Employment Inches Up, Unemployment Rate as Well
Having dropped by 5,400 at the beginning of the year, the net number of people living in San Francisco with a job has since ticked back up by 3,500 to…
Oakland A’s East Bay Ballpark Deal and Development Is Dead
The Oakland A’s have finalized a deal to purchase a 49-arce site off the Las Vegas Strip, across the freeway from the T-Mobile Arena and a little north of the…
Home Buying Activity in the U.S. Drops
Having briefly rebounded last week, purchase mortgage application volume for existing homes in the U.S. has since dropped 9 percent in the absolute and 10 percent on a seasonally adjusted…
Number of Homes on the Market in S.F. Trending Up, Sales Down
Having atypically ticked down earlier this month, the net number of single-family homes and condos on the market in San Francisco has since started to tick back up, driven by…
50 Percent More Single-Family Homes on the Market in S.F.
We’ll run the full breakdown on Monday, but having atypically ticked down last week, the net number of single-family homes on the market in San Francisco has since ticked back…
As Office Vacancy Rate Climbs, Another Shoe Is Poised to Drop
The effective office vacancy rate in San Francisco ticked up to just under 25 percent in the first quarter of this year, representing over 21 million square feet of vacant…
Benchmark Mortgage Rate Holding Firm at Over 6 Percent
The average rate for a benchmark 30-year mortgage effectively held over the past week, inching down 1 basis point (0.01 percentage point) from 6.28 to 6.27 percent. As such, the…
Benchmark Mortgage Rate Ticks Down but Holding at Over 6%
The average rate for a benchmark 30-year mortgage ticked down 10 basis points (0.10 percentage points) over the past week to 6.32 percent. Or as we outlined last week, “the…
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Index for Bay Area Homes Has Dropped 17%, Trending Down
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 Peninsula – ticked down another 1.3…