CFAH

Articles Filed Under: Breaking News

(1,342 posts)
Number of Homes for Sale in San Francisco Poised to Climb

Number of Homes for Sale in San Francisco Poised to Climb

The net number of condos and single-family homes listed for sale in San Francisco has started its seasonal climb, ticking up a little over 21 percent over the past two weeks and poised to climb. As such, listed inventory levels are starting the year around 20 percent higher than... Read More »

2022 Ended with Bay Area Employment Nearing Previous Peak

2022 Ended with Bay Area Employment Nearing Previous Peak

Having atypically dropped in October and November, the net number of people living in San Francisco with a paycheck increased by 5,900 in December to 566,700, ending 2022 with 23,000 more employed residents in the city there were at the end of 2021 and 88,000 more employed people than... Read More »

Benchmark Mortgage Rate Drops to a 4-Month Low, But…

Benchmark Mortgage Rate Drops to a 4-Month Low, But…

The average rate for a benchmark 30-year mortgage dropped 18 basis points (0.18 percentage points) over the past week to 6.15 percent, which is the lowest average rate in fourth months but still 250 basis points, or 73 percent, higher than at the same time last year; over 350... Read More »

Office Vacancy Rate in San Francisco Hits an Even Higher High

Office Vacancy Rate in San Francisco Hits an Even Higher High

Having hit a pandemic-era high of 23 percent in the third quarter of last year, the effective office vacancy rate in San Francisco has since ticked up another 110 basis points to just over 24 percent, representing nearly 21 million square feet of vacant office space in buildings spread... Read More »

Inventory Up, Home Sales and Prices Down in San Francisco

The net number of condos and single-family homes listed for sale in San Francisco ticked up 10 percent over the past week and is currently running 20 percent higher than at the same time last year and 60 percent higher than average over the past decade. At the same... Read More »

Mortgage Rates Inch Up, Odds of More Rate Hikes As Well

Mortgage Rates Inch Up, Odds of More Rate Hikes As Well

While mortgage application volume dropped to a quarter century low at the end of 2022, despite a pullback in mortgage rates in the fourth quarter of last year, the average rate for a benchmark 30-year mortgage has since inched up another 6 basis points (0.06 percentage points) to 6.48... Read More »

Expectation Gap Widens in San Francisco

Despite the fact that the average list price per square foot of homes on the market in San Francisco is already 10 percent lower than at the same time last year, with over a third of the homes on the market having been reduced at least once, the expectation... Read More »

Pending Price per Square Foot Drops to a Five-Year Low in S.F.

With the Case-Shiller index for Bay Area home values, which is a lagging indicator, having shed 13 percent since May and headed down, the average price per square foot of the homes which are in contract in San Francisco, which is a leading indicator, has just dropped under $860... Read More »

Index for Bay Area Homes Has Dropped 13%, Headed Down

Index for Bay Area Homes Has Dropped 13%, Headed Down

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 1.7 percent in October. While the “San Francisco” index is still 0.6 percent “higher than it was at the same... Read More »

New Home Demand Down 25 Percent, Average Loan Size Drops

New Home Demand Down 25 Percent, Average Loan Size Drops

While the number of new homes on the market across the nation is approaching a 15-year high, with over 20 percent more inventory than at the same time last year, and new home purchase application volume “rebounded” one (1) percent from October to November with a drop in rates,... Read More »