Pace of New Home Sales Plunges, Inventory Hits a 12-Year High
Having dropped a downwardly revised 10.5 percent in March, the seasonally adjusted pace of new single-family home sales in the U.S. fell another 16.6 percent in April and has plunged…
Number of Homes for Sale in San Francisco Keeps Climbing
Driven by a pronounced slowdown in the pace of sales, the net number of homes on the market in San Francisco (i.e., listed inventory) ticked up another 8 percent over…
Pace of Home Sales in San Francisco Drops
Having slipped last month, representing an atypical decline in activity in the midst of the traditional spring buying/selling season and despite posturing that a jump in mortgage rates would spur…
Benchmark Mortgage Rate Climbs, Nearing a 13-Year High
Measured prior to the Fed’s rate hike yesterday, the average rate for a benchmark 30-year mortgage had already jumped another 17 basis points to 5.27 percent, which is 231 basis…
Benchmark Mortgage Rate Just Hit a 12-Year High
Having hit 5 percent for the first time in over a decade last week, the average rate for a benchmark 30-year mortgage has since ticked up another 11 basis points…
Spring Inventory Levels Might Have Peaked in San Francisco
While one week doesn’t make for a trend, the net number of homes on the market in San Francisco (i.e., inventory) ticked down a few percent over the past week…
Office Vacancy Rate in San Francisco Hits a Pandemic High
Having inched down to just under 20 percent at the end of last year, the effective office vacancy rate in San Francisco ticked back up to a pandemic high of…
Office Vacancy Rate in the East Bay Eases, First Drop Since 2019
Having ticked over 18 percent at the end of last year, the office vacancy rate in the East Bay, not including Walnut Creek or further east, inched down to 17.3…
Benchmark Mortgage Rate Hits 5%, First Time in Over a Decade
The average rate for a benchmark 30-year mortgage jumped another 28 basis points (0.28 percentage points) over the past week to 5.00 percent, which is 196 basis points and over…
Number of Homes for Sale in San Francisco Climbs
Having hit an 11-year seasonal high last week, the net number of homes on the market in San Francisco (i.e., inventory) has since ticked up another 8 percent, driven by…