Articles Filed Under: Real Estate Economics

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Pace of Home Sales in San Francisco Slows Down

While the pace of home sales in San Francisco started ticking up at the end of last year on a year-over-year basis, having dropped in 2019 overall, keep in mind that said sales were compared to 10 and 11-year lows in San Francisco and the Bay Area at the... Read More »

Inventory Levels Jump in San Francisco

As expected, the number of homes on the market in San Francisco (610) has jumped 20 percent since the Super Bowl and inventory levels are now back to within 3 percent of their mark at the same time last year and a 7-year high. At a more granular level,... Read More »

Benchmark Mortgage Rate Hits a 3-Year Low

Benchmark Mortgage Rate Hits a 3-Year Low

Having dropped another 6 basis points over the past week, the average rate for a 30-year mortgage is now down to 3.45 percent, which is 96 basis points (0.96 percentage points) below its mark at the same time last year and the lowest average rate since the fourth quarter... Read More »

There Were 365 Tenant Buyouts in SF Last Year, One Hit $325K

There Were 365 Tenant Buyouts in SF Last Year, One Hit $325K

Landlords in San Francisco negotiated and inked a total of 365 legally reported buyout agreements with tenants last year, as mapped above, down slightly from 379 in 2018. For the second year in a row, the Mission was the San Francisco neighborhood with the most reported buyouts (53), now... Read More »

Asking Rents Inch Up in San Francisco, Slip in Oakland

Asking Rents Inch Up in San Francisco, Slip in Oakland

Having dropped a little over 5 percent at the end of last year, the weighted average asking rent for an apartment in San Francisco, including one-off rentals as well as units in larger developments, has since ticked up around 3 percent to $4,150 per month. That being said, the... Read More »

Mortgage Rates Continue to Drop, Odds of Another Easing Jump

Mortgage Rates Continue to Drop, Odds of Another Easing Jump

The average rate for a 30-year mortgage dropped another 9 basis points over the past week to 3.51 percent, which is 95 basis points (0.95 percentage points) below its mark at the same time last year, the lowest average rate in five months, and within 11 basis points of... Read More »

Pending Home Sales Activity in the U.S. Drops

Pending Home Sales Activity in the U.S. Drops

While the pace of home sales across the U.S. ended the year up, with contract activity having ticked up 1.2 percent in November, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, suddenly dropped 4.9 percent... Read More »

Index For Bay Area Home Values Ekes Out A Gain

Index For Bay Area Home Values Ekes Out A Gain

Having dropped a total of 1.5 percent from July through October, 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 – inched up 0.2 percent in November and is now running 0.5 percent... Read More »

Pace of New Home Sales in the U.S. Ended 2019 Up

Pace of New Home Sales in the U.S. Ended 2019 Up

Having ticked down a percent in November, the pace of new single-family home sales in the U.S. slipped 0.4 percent in December to a seasonally adjusted annual rate of 694,000 sales but ended the year at a pace of sales which was 23 percent higher than at the end... Read More »

Inventory Levels Poised to Jump in San Francisco

Inventory Levels Poised to Jump in San Francisco

While the number of homes on the market in San Francisco has stated ticking up, inventory levels are currently running around 15 percent lower than at the same time last year. That being said, the year-over-year decline in inventory levels is currently being driven by an even greater year-over-year... Read More »