While up Nationally, Index for Bay Area Home Values Slips
Having inched up to an all-time high in April, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay,…
Number of Homes for Sale in S.F. Just Hit a 10-Year High
The number of homes on the market in San Francisco, net of new sales and contract activity, ticked up another 4 percent over the past week to 1,420, representing 120…
Pace of New Home Sales in the U.S. Rebounded in June
The seasonally adjusted pace of new single-family home sales in the U.S. rebounded from the pandemic-driven hits the market took in March and April (at which point the annualized pace…
Mortgage Rates Inch Up from All-Time Lows
Having dropped to an unprecedented sub-3 percent rate last week, the average rate for a benchmark 30-year mortgage has since inched up 3 basis points (0.03 percentage points) to 3.01…
Rebound in S.F. Home Sales and “Pent Up Demand” Plateau
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 Nearing Recession-Era Levels in S.F.
Continuing a trend which shouldn’t catch any plugged-in readers by surprise, the number of homes on the market in San Francisco, net of new sales and contract signings, ticked up…
114,000 Bay Area Residents Returned to Work Last Month, But…
While an estimated 16,000 San Francisco residents were either newly hired or returned to work last month, for a total of 499,100 employed, there are still 74,800 fewer employed people…
Price Cutting Is Picking Up Steam
Having hit a 9-year high last week, the number of homes on the market in San Francisco which have undergone at least one official price cut has ticked up another…
Benchmark Mortgage Rate Drops Below 3 Percent
Having inched down another 5 basis points (0.05 percentage points) over the past week, the average rate for a benchmark 30-year mortgage now measures an unprecedented 2.98 percent, which is…
Price of Renting a Room Down 16 Percent from Peak
With the weighted average asking price of renting an apartment in San Francisco already down over 10 percent on a year-over-year basis and continuing to drop, the average price for…