Number of Homes for Sale in S.F. Hits an 11-Year Seasonal High
Having hit a 10-year seasonal high last month, the net number of homes on the market in San Francisco (i.e., inventory) has since ticked up another 3 percent, driven by…
Benchmark Mortgage Rate Climbs, Nearing an 11-Year High
The average rate for a benchmark 30-year mortgage jumped another 25 basis points (0.25 percentage points) over the past week to 4.67 percent, which is 149 basis points, or nearly…
Make that Nine and a Near Decade High
With the probability of the Federal Reserve raising interest rates by another two (2) full percentage points by the end of the year having jumped last week, the probability of…
Bay Area Employment Back to 96 Percent of Pre-Pandemic Count
Having been downwardly revised, the net number of people living in San Francisco with a paycheck actually slipped by a thousand in January but then rebounded by 8,500 in February…
Mortgage Rates Rocket to 3-Year Highs, Primed to Climb
The average rate for a benchmark 30-year mortgage jumped another 26 basis points (0.26 percentage points) over the past week to 4.42 percent, which is nearly 40 percent (125 basis…
Bay Area Unemployment Claims Near Pre-Pandemic Levels
While the number of new unemployment claims filed across the Bay Area inched up in January to 36,803, which was still 24 percent higher than in January of 2020, prior…
Mortgage Loan Application Volumes in the U.S. Drop
Mortgage loan application volumes to either purchase or refinance a home in the U.S. dropped 8 percent on both a seasonally adjusted and absolute basis last week, with purchase activity…
Probability of Eight More Rate Hikes Has Jumped
With the Federal Reserve having raised the target federal funds rate by 25 basis points (0.25 percentage points) last week, representing the first hike from a near zero rate in…
Benchmark Mortgage Rate Rockets Back Over 4 Percent
The average rate for a benchmark 30-year mortgage jumped 31 basis points (0.31 percentage points) over the past week to 4.16 percent, which is 35 percent (107 basis points) higher…
Number of Homes for Sale in S.F. Hits a 10-Year Seasonal High
Having ticked up another 5 percent over the past week driven by a slowdown in the pace of sales, which is down year-over-year, the net number of homes on the…