Specter of an Even Bigger Rate Hike Looms
Having dropped half a percentage point from its 13-year high of 5.81 percent last month, driven by increasing concerns of a recession and hard landing, the average rate for a…
Purchase Mortgage Activity Drops, Average Loan Size as Well
Having inched up from a 22-year low last month, Mortgage loan application volume in the U.S. ticked down 1.7 percent on a seasonally adjusted basis last week, including a 4…
Number of Homes for Sale in S.F. Up Over 35 Percent YOY
With an ongoing slowdown in the pace of sales, the net number of homes on the market in San Francisco ticked up 9 percent over the past week and is…
Pending Home Sales in San Francisco Continue to Drop
Despite a marked increase in inventory, which has been up over 30 percent on a year-over-year basis over the past two months, the number of single-family homes and condos in…
Benchmark Mortgage Rate Drops Over Half a Point, But…
Having hit 5.81 percent two weeks ago, which was the highest average rate since November of 2008 and above-average over the past 30 years, the average rate for a benchmark…
Number of Homes for Sale in San Francisco Drops, But…
Driven by a typical slowdown in new listing activity prior to a holiday weekend, the net number of homes on the market in San Francisco (a.k.a “inventory”) dropped 10 percent…
Premium for Renting in San Francisco Is Ticking Back Up
Having hit $3,500 at the end of May, the weighted average asking rent for an apartment in San Francisco has since ticked up another 2 percent to $3,575 a month,…
Index for Bay Area House Values Ticks up 2.2 Percent
Having jumped a downwardly revised 4.3 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,…
Over Twice as Many Homes on the Market in S.F. Than in 2019
Despite a slowdown in the number of homes that have been newly listed for sale over the past month, the net number of homes on the market in San Francisco,…
Pace of New Home Sales in the U.S. Ticks Up, But…
Having dropped 12.0 percent in April, the seasonally adjusted pace of new single-family home sales in the U.S. increased 10.7 percent in May to an annualized rate of 696,000 sales.…