Pending Home Sales Drop, Inventory Ticking Up
Having dropped 1.9 percent in June, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped another…
San Francisco Rents Tick Up, Listing Activity Too
While the rebound in San Francisco apartment rents has slowed, the weighted average asking rent for an apartment in the city has ticked up around 1.5 percent ($50) over the…
Purchase Mortgage Activity in the U.S. Drops
Mortgage loan application volume in the U.S. dropped 4 percent over the past week, or 3.9 percent on a seasonally adjusted basis, according to the Mortgage Bankers Association. While the…
COVID Hospitalizations in S.F. Surpass First Wave High [UPDATED]
While the Covid-19 case rate in San Francisco has dropped from a rolling average of over 270 new cases per day on August 2 to an average of 230 new…
COVID Test Positive Rate Hits a 15-Month High in S.F. [UPDATED]
The COVID-19 test positivity rate in San Francisco just hit 5.8 percent, which is significantly higher than the 3.7 percent positive rate at the peak of the first wave, in…
Mortgage Rates Keep Inching Down, Another Record Low
The average rate for a benchmark 30-year mortgage inched down 3 basis points (0.03 percentage points) over the past week to 2.77 percent, which is 11 basis points below its…
15-Year Mortgage Rate Drops to a New All-Time Low
While the average rate for a benchmark 30-year mortgage inched up 2 basis points (0.02 percentage points) over the past week to 2.80 percent, it remains 19 basis pointsd below…
Mortgage Loan Application Volume in the U.S. Increases, But…
Mortgage loan application volume in the U.S. ticked up 6 percent over the past week, according to the Mortgage Bankers Association. But with the benchmark 30-year mortgage rate back under…
Index for Bay Area House Values Up 18.2 Percent
Having gained 3.3 percent in April, 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…
New Home Inventory in the U.S. Is Nearing a 13-Year High
The seasonally adjusted pace of new single-family home sales in the U.S. dropped 6.6 percent in June to an annualized rate of 676,000 sales, which is 19.4 percent lower than…