Mortgage Rates Drop Along with Application Volumes
Having ticked up last week, the average rate for a benchmark 30-year mortgage has since dropped 8 basis points (0.08 percentage points) to 2.91 percent, which is 67 basis points…
Rents in S.F Continue To Drop, Now Down Over 20% From Peak
Having slipped to just under $3,600 a month two weeks ago, the weighted average asking rent for an apartment in San Francisco has since ticked down another percent to $3,550,…
Pace of New Home Sales in the U.S. Jumps, Inventory Down
Having rebounded in June, the seasonally adjusted pace of new single-family home sales in the U.S. jumped nearly 14 percent in July to an annualized rate of 901,000 sales, which…
Index for Bay Area Home Values Slips Despite Nationwide Gains
Having slipped in May despite nationwide gains, 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…
Number of Homes for Sale in SF Surpasses Recession-Era Marks
While the rate of increase in inventory levels has slowed to a seasonal crawl, the number of homes on the market in San Francisco, net of all new sales and…
Bay Area Employment up by 63K in July, Down 440K YOY
While the number of San Francisco residents with a job increased by 12,400 last month, there are still 66,900 fewer employed people in the city (511,200) than there were prior…
Pace of Home Sales in the U.S. Jumps, Inventory Down
Having rebounded nearly 21 percent in June, the seasonally adjusted pace of existing-home sales across the U.S. jumped another 24.7 percent in July to an annual rate of 5.86 million…
Mortgage Rates Tick Up, Benchmark Still Under 3 Percent
Having hit a new all-time low of 2.88 percent two weeks ago, the average rate for a benchmark 30-year mortgage has since inched up 11 basis points to 2.99 percent,…
400 Percent More Reduced Listings on the MLS in San Francisco
With inventory levels in San Francisco having surpassed their recession-era marks last week, a trend which shouldn’t have caught any plugged-in readers by surprise, the number of homes on the…
Asking Rents in Oakland Slip, Discount to S.F. Drops
With signs of weakness having started to emerge last month, the weighted average asking rent for an apartment in Oakland has slipped back under $2,600 a month and is now…