Articles Filed Under: Bubble (Or Not)

(426 posts)
View Home Drops Further Below Its 2014 Price in the Heights

View Home Drops Further Below Its 2014 Price in the Heights

As we outlined back in the first quarter of this year: “Touting its location, location, location on “one of the most coveted blocks in Dolores Heights,” a block and a half from Dolores Park, the “one-of-a-kind home” at 352 Cumberland Street, which totals around 2,800 square feet (including two... Read More »

Fewest San Francisco Home Sales Since 2011

The number of San Francisco homes that sold in the first half of this year totaled a little under 2,700. That’s down a little over 8 percent versus the roughly 2,900 sales in the first half of 2018 and the fewest first-half sales in San Francisco since 2011 when... Read More »

Bay Area Home Sales Rebound to an 11-Year Low

Bay Area Home Sales Rebound to an 11-Year Low

Having dropped to an absolute 11-year low in January, the number of single-family homes and condos that traded hands across the greater Bay Area increased 12.9 percent in February to 4,354, which was an above-average seasonal jump but remains 12.8 percent below the sales volume at the same time... Read More »

Inventory of New Homes for Sale in the U.S. Hits a 10-Year High

Inventory of New Homes for Sale in the U.S. Hits a 10-Year High

The pace of new single-family home sales in the U.S. ended 2018 at a seasonally adjusted rate of 621,000 sales, down 2.4 percent on a year-over-year basis but with a total of 1.5 percent more new homes having sold across all twelve months of 2018 versus 2017. At the... Read More »

Lowest Bay Area Home Sales in 11 Years, Prices Drop

Lowest Bay Area Home Sales in 11 Years, Prices Drop

The number of single-family homes and condos that traded hands across the greater Bay Area totaled 3,857 in January, down 14.9 percent on a year-over-year basis. And in addition to representing another 11-year seasonal low, last month’s sales were an 11-year low in the absolute as well, according to... Read More »

Inventory Up and Pace of Home Sales Continues to Drop in the U.S.

Inventory Up and Pace of Home Sales Continues to Drop in the U.S.

The seasonally adjusted pace of existing-home sales across the U.S. dropped another 1.2 percent last month to an annual rate of 4.94 million sales, which is 8.5 percent lower versus the same time last year, the third consecutive month-over-month decline and the slowest overall pace of sales since the... Read More »

Benchmark Mortgage Rate Drops, Odds of Easing Emerge

Benchmark Mortgage Rate Drops, Odds of Easing Emerge

Having dropped to a 9-month low at the beginning of the year, the average rate for a benchmark 30-year mortgage, which hit a 7-year high of 4.94 percent this past November, has inched down another 4 basis points to a 10-month low of 4.41 percent, according to Freddie Mac’s... Read More »

Bay Area Home Sales Dropped to Another 11-Year Low

Bay Area Home Sales Dropped to Another 11-Year Low

The number of single-family homes and condos that traded hands across the greater Bay Area totaled 5,341 this past December, that’s down 13.2 percent from November (versus typically ticking up), down 21.6 percent on a year-over-year basis, and the lowest December sales total since 2007, which marks another 11-year seasonal low,... Read More »

Pending Home Sales in the U.S. Continue to Drop

Pending Home Sales in the U.S. Continue to Drop

Having declined 0.7 percent in November, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, dropped another 2.2 percent in December to a below-average 99.0 and is now running 9.8 percent lower on a year-over-year basis and 11.8 percent below... Read More »

Indexes for Bay Area Home Values Drop, Condos Hit Particularly Hard

Indexes for Bay Area Home Values Drop, Condos Hit Particularly Hard

Having slipped another 0.7 percent in November, 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 – has shed 1.4 percent over the past quarter and its year-over-year gain has dropped nearly five... Read More »