Benchmark Mortgage Rate Back Above 7 Percent
The average rate for a benchmark 30 year mortgage jumped 22 basis points (0.22 percentage points) over the past week to 7.10 percent, which is 71 basis points higher than…
Pace of New Home Sales Activity Drops, Average Loan Size Too
While mortgage application volume for new home purchases in the U.S. ticked up a (1) percent from January to February and was nearly 16 percent higher than at the same…
Number of Homes on the Market in S.F. Keeps Climbing
Having hit a 13-year seasonal high last month, the net number of single-family homes and condos on the market has since ticked up another 13 percent with new supply having…
East Bay Office Vacancy Rate Inches Up, But…
With the office vacancy rate in San Francisco having ticked over 33 percent last month, the effective office vacancy rate in the East Bay, not including Walnut Creek or further…
Benchmark Mortgage Rate Back Near 7 Percent
Following a trend that shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30 year mortgage ticked up another 6 basis points (0.06 percentage points) over…
Purchase Mortgage Activity Drops, Rates on the Rise
Having inched up a percent at the end of last month, purchase mortgage application volume in the U.S. dropped 5 percent in the absolute over the past week and 4…
Awesome View Home Fetches Twice Its 2016 Price! But…
“Perched majestically atop Golden Gate Heights” on a 6,365-square-foot, park-like lot, the designer five-bedroom home with a detached guest cottage at 565 Ortega Street returned to the market priced at…
Over 40 Percent More Homes on the Market than Average in S.F.
As we projected, the number of condos and single-family homes on the market in San Francisco (i.e., inventory) ticked up another 5 percent over the past week and continues to…
A Fast 230K Over Asking Sale in The Mission!
Listed for $995,000 three weeks ago, the 990-square-foot, one-bedroom penthouse unit #308 atop the “premier…residential building” at 3500 Nineteenth Street, with high-end finishes, panoramic views, and a private wrap around…
Expected Value of Rate Cuts Drops
As we first outlined early last month, based on an analysis of the futures market for interest rate products, the expected value of the Fed’s rate cuts was suggesting there…