CFAH

Articles Filed Under: Bubble (Or Not)

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New Home Sales in the U.S. Take a Hit, Inventory Nears 10-Year High

New Home Sales in the U.S. Take a Hit, Inventory Nears 10-Year High

The seasonally adjusted pace of new single-family home sales in the U.S. dropped 8.9 percent in October to an annual pace of 544,000 sales which is 12.0 percent lower on a year-over-year basis and 16.8 percent below the long-term average for this time of the year. At the same... Read More »

44 Percent More Homes on the Market in SF, Sales Still Down

Having peaked at a 7-year high in the absolute last month, the inventory of homes actively listed for sale in San Francisco (870) has dropped 10 percent with typical seasonality in play but is now 44 percent higher versus the same time last year and remains at a 7-year... Read More »

Number of Homes for Sale in SF Remains at a 7-Year Seasonal High

Number of Homes for Sale in SF Remains at a 7-Year Seasonal High

Having hit a 7-year high in the absolute last month, the number of listed homes on the market in the San Francisco has ticked down 3 percent over the past two weeks to 930 but remains 39 percent higher versus the same time last year, 82 percent above its... Read More »

Pending Home Sales in San Francisco Haven’t Rebounded

While Bay Area home sales plunged nearly 20 percent on a year-over-year basis in September, to an 11-year seasonal low, home sales in San Francisco were only down 6.5 percent on a year-over-year basis but totaled the fewest transactions in the month of September in over 15 years. At... Read More »

Bay Area Home Sales Plunge to an 11-Year Seasonal Low

Bay Area Home Sales Plunge to an 11-Year Seasonal Low

The number of single-family homes and condos that traded hands across the greater Bay Area totaled 5,970 in September, down 18.9 percent on a year-over-year basis and the slowest September in terms of sales since 2007, according to recorded sales data from CoreLogic. In San Francisco, recorded sales totaled... Read More »

Pending Home Sales in San Francisco Remain Down

While the inventory of homes for sale in San Francisco is now running 40 percent higher on a year-over-year basis and price cuts are on the rise, the number of homes in contract remains lower versus the same time last year. And in fact, while the year-over-year drop in... Read More »

New Home Sales in the U.S. Drop with Inventory at a 9-Year High

New Home Sales in the U.S. Drop with Inventory at a 9-Year High

Having actually dropped a downwardly revised 3.0 percent in August, the seasonally adjusted pace of new single-family home sales in the U.S. dropped another 5.5 percent in September to an annual pace of 553,000 sales which is 15.1 percent below the long-term average for this time of the year... Read More »

Pending Home Sales in San Francisco are Down

While the inventory of homes for listed for sale in San Francisco recently hit a 7-year high and is now running over 30 percent higher on a year-over-year basis, the number of homes in contract has actually fallen. And in fact, the number of pending home sales in San... Read More »

Sub-2015 Priced ‘Ultra-Premium’ Condo in the Mission Reduced

Sub-2015 Priced ‘Ultra-Premium’ Condo in the Mission Reduced

Purchased for $1.625 million in mid-2015, the two-bedroom Mission District condo #205 in the “V20” building at 3590 20th Street, at the corner of Valencia, was on the market for 4.7 percent less ($1.549 million) last year but failed to find a buyer. Today, the “ultra-premium V20 home” is... Read More »

Massive Recology Site Rezoning and Redevelopment Plans Revealed

Massive Recology Site Rezoning and Redevelopment Plans Revealed

Ambitious plans to redevelop the nearly 6-acre Recology site at 900 7th Street – which is bounded by 7th, Berry, De Haro, Carolina and Channel – are in the works. And as envisioned by SOM, the $850 million development could yield over 1,000 units of housing; nearly 400,000 square... Read More »