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Articles Filed Under: Breaking News

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Home Buying Activity in S.F. Just Slipped Year-Over-Year

As we noted two weeks ago, pending home sales activity in San Francisco, which peaked in April, was on track to drop on a year-over-year basis “within the next few weeks.” And in fact, for the first time since June of last year, there are fewer single-family homes and... Read More »

Index for Bay Area House Values Up 22.1 Percent YOY

Index for Bay Area House Values Up 22.1 Percent YOY

Having ticked up 2.6 percent in May, 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 up another 2.6 percent in June and is now up 21.9 percent on a year-over-year... Read More »

Pending Home Sales Drop, Inventory Ticking Up

Pending Home Sales Drop, Inventory Ticking Up

Having dropped 1.9 percent in June, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped another 1.8 percent in July to 110.7 and is now down 8.5 percent on a year-over-year basis, a sharp reversal... Read More »

San Francisco Rents Tick Up, Listing Activity Too

San Francisco Rents Tick Up, Listing Activity Too

While the rebound in San Francisco apartment rents has slowed, the weighted average asking rent for an apartment in the city has ticked up around 1.5 percent ($50) over the past few weeks to around $3,325 per month. As such, the average asking rent in San Francisco is now... Read More »

Purchase Mortgage Activity in the U.S. Drops

Mortgage loan application volume in the U.S. dropped 4 percent over the past week, or 3.9 percent on a seasonally adjusted basis, according to the Mortgage Bankers Association. While the drop was driven by a 5 percent decrease in refinancing activity, which was down 8 percent on a year-over-year... Read More »

COVID Hospitalizations in S.F. Surpass First Wave High [UPDATED]

COVID Hospitalizations in S.F. Surpass First Wave High [UPDATED]

While the Covid-19 case rate in San Francisco has dropped from a rolling average of over 270 new cases per day on August 2 to an average of 230 new cases a day as of August 5, an average which should drop under 200 within the next few days,... Read More »

COVID Test Positive Rate Hits a 15-Month High in S.F. [UPDATED]

COVID Test Positive Rate Hits a 15-Month High in S.F. [UPDATED]

The COVID-19 test positivity rate in San Francisco just hit 5.8 percent, which is significantly higher than the 3.7 percent positive rate at the peak of the first wave, in July of 2020, higher than the 5.4 percent positive rate at the peak of the second wave in January... Read More »

Mortgage Rates Keep Inching Down, Another Record Low

Mortgage Rates Keep Inching Down, Another Record Low

The average rate for a benchmark 30-year mortgage inched down 3 basis points (0.03 percentage points) over the past week to 2.77 percent, which is 11 basis points below its mark at the same time last year and within 12 basis points of the all-time low rate of 2.65... Read More »

15-Year Mortgage Rate Drops to a New All-Time Low

15-Year Mortgage Rate Drops to a New All-Time Low

While the average rate for a benchmark 30-year mortgage inched up 2 basis points (0.02 percentage points) over the past week to 2.80 percent, it remains 19 basis pointsd below its mark at the same time last year and within 15 basis points of its all-time low rate of... Read More »

Mortgage Loan Application Volume in the U.S. Increases, But…

Mortgage loan application volume in the U.S. ticked up 6 percent over the past week, according to the Mortgage Bankers Association. But with the benchmark 30-year mortgage rate back under 3 percent and nearing its all-time low, the uptick was driven by applications to refinance. And in fact, while... Read More »