Pending Home Sales Up 30 Percent in San Francisco, But…
Having bottomed out at the end of April, at which point they were down nearly 50 percent on a year-over-year basis, the number of homes in contract to be sold…
Number of Homes for Sale in S.F. Has Likely Peaked, for Now
Having reached recession-era levels last week, the number of homes on the market in San Francisco, net of new sales and contract activity, has since ticked up another one (1)…
Asking Rents in San Francisco Down Nearly 20% From Peak
With listing activity having spiked, the weighted average asking rent for an apartment in San Francisco has dropped another hundred dollars ($100), or roughly 3 percent, over the past two…
Benchmark Mortgage Rate Just Hit a New All-Time Low
Having slipped back under 3 percent last week, the average rate for a benchmark 30-year mortgage has dropped another 11 basis points to 2.88 percent, which is 72 basis points…
Reductions Rise as Inventory Levels Jump
With inventory levels in San Francisco having just hit recession-era levels, the number of homes on the market which have undergone at least one official price cut has ticked up…
Recession-Era Inventory Levels Hit San Francisco
Having hit a 10-year seasonal high last week, the number of homes on the market in San Francisco, net of new sales and contract activity, has ticked up another 3…
Local Unemployment Claims Inch Up
Having dropped by nearly 60 percent in May, the number of San Francisco residents that filed a new/initial unemployment claim was effectively unchanged at 24,256 in June (versus having averaged…
Benchmark Mortgage Rate Slips Back Under 3 Percent
Having inched up last week, the average rate for a benchmark 30-year mortgage is now back under 3 percent by a basis point (2.99 percent) and 76 basis points below…
Asking Rents in San Francisco Continue to Drop, Listings Spike
In a move that shouldn’t catch any plugged-in readers by surprise, the weighted average asking rent for an apartment in San Francisco has dropped another 4 percent over the past…
Pending Home Sales in the U.S. Jumped in June
Having rebounded 44 percent in May following two months of twenty-plus percent declines, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes…