Median New Home Sale Price Drops, Down Nearly 20% from Peak
The seasonally adjusted pace of new single-family home sales in the U.S. slipped less than a percent from January to February and the pace was still 5.9 percent higher than…
The Fed Affirms, Mortgage Rates Tick Up
As we first calculated a couple weeks ago, “the expected value of the Fed’s rate cuts this year has effectively held firm forecasting a total of three (3) quarter-point rate…
New Home Sales Activity Ticks Up But Pace Slips, Loan Size Too
Up 19 percent on a year-over-year basis in January, mortgage application volume for new home purchases in the U.S. only ticked up a (1) percent from January to February. And…
Number of Homes on the Market in S.F. Hits a 13-Year High
Well, our model was off by a week. But with the net number of single-family homes and condos on the market having ticked up another 3 percent, there are now…
Benchmark Mortgage Rate Drops, Rate Cut Expectations Slip
The average rate for a benchmark 30 year mortgage dropped 14 basis points (0.14 percentage points) over the past week to 6.74 percent, which is still 14 basis points higher…
Average Asking Price in San Francisco Drops, Inventory Ticks Up
With the number of single-family homes and condos in contract to be sold across San Francisco having dropped to its lowest level in over 7 years on a seasonally adjusted…
Apartment Rents in Oakland Drop, Nearing a Three-Year Low
Having dropped to a two-year low at the end of last year, the average asking rent for an apartment in Oakland has since ticked down another 3 percent to around…
Pace of Home Sales in S.F. Drops, Slowest in Over 7 Years
Despite some misreports of a “market rebound” making the rounds last month and inventory levels ticking up, the number of single-family homes and condos in contract to be sold in…
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Index for Bay Area Home Values Slips, Condos Drop
Having ticked down a downwardly revised 1.1 percent in November, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area (i.e., “San Francisco,” which includes…
Benchmark Mortgage Rate Nears 7 Percent
Following a key trend that shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30 year mortgage ticked up another 13 basis points (0.13 percentage points)…