The volume of applications to secure a purchase mortgage loan for a home in the U.S. ticked up 9 percent in the absolute last week, representing a 7 percent increase on a seasonally adjusted basis from a 28-year low. That being said, purchase mortgage activity was still down over... Read More »
Once again, despite a pronounced slowdown in the relative number of condos and single-family homes that have been newly listed for sale over the past three weeks, a slowdown that has been driven by sellers either being unable or unwilling to accept an ongoing drop in values, the net... Read More »
Having dropped to a 28-year low last week, the volume of applications to secure a purchase mortgage loan for a home in the U.S. has since ticked down another 3 percent in the absolute, representing a 6 percent drop on a seasonally adjusted basis, according to data from the... Read More »
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 1.8 percent this past December and is now 4.2 percent lower than at the end of 2021, representing the largest... Read More »
Despite a pronounced slowdown in the relative number of condos and single-family homes newly listed for sale over the past two weeks, driven by sellers either being unable or unwilling to accept an ongoing drop in values, the net number of homes on the market in San Francisco has... Read More »
At a time of the year when home sales typically start ramping up, the net number of homes in contract to be sold across San Francisco was unchanged over the past week and is now 41 percent lower than at the same time last year, which remains right in-line... Read More »
The average rate for a benchmark 30-year mortgage ticked up another 18 basis points (0.18 percentage points) over the past week to 6.50 percent, which is 261 basis points, or nearly 70 percent, higher than at the same time last year and 385 basis points, or nearly 150 percent,... Read More »
The net number of condos and single-family homes listed for sale in San Francisco, which is set to climb, ticked up another 7 percent over the past week despite a year-over-year drop in new listing activity, driven by a pronounced decline in sales activity. In fact, the net number... Read More »
The average rate for a benchmark 30-year mortgage ticked up another 20 basis points (0.20 percentage points) over the past week to 6.32 percent, which is 240 basis points higher than at the same time last year and 367 basis points, or nearly 140 percent, higher than its all-time... Read More »
The average rate for a benchmark 30-year mortgage inched down another 4 basis points (0.04 percentage points) over the past week to 6.09 percent and is currently poised to slip back under 6 percent next week with the 10-year treasury rate having ticked down around 10 basis points following... Read More »
“Yes agreed. But I think both those old curmudgeons have retired to Florida where they are from with ...” [more]
“I re-rented 2 units out recently, wasn’t hard. But I didn’t have a sign out front so wouldn’t...” [more]
“I am not in real estate, but I keep a quarterly report of all my assets, including estimate of my ho...” [more]
“You should take the 49 after the Opera lets out on a weeknight, you might be surprised....” [more]
“UPDATE: As projected, Benchmark Mortgage Rate Ticks Down but Holding at Over 6%...” [more]
“Its a reckoning for the SF market. If under-utilized space is included maybe 35% vacancy?...” [more]
“What are all y'all talking about. They did it in black and white. That's the thing, right? ;)...” [more]
“then i would argue for lessening the degree of increase. would prefer .125% increases as opposed to...” [more]
“Once again, “while the net number of homes on the market in San Francisco (i.e., inventory) is cur...” [more]
“And we're still 4M abobe 1800!! But I'd def like to see more discussuion on this point Which obvio...” [more]