Pending Home Sales Rebound Nationwide
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 “an average level” of activity, rounded…
Number of Bay Area Unemployment Claims Hits a Million (YTD)
Having climbed to over 57,500 in April, the number of San Francisco residents that filed a new/initial unemployment claim dropped to 24,243 in May. That being said, the number of…
Asking Rents in San Francisco Drop Even More, Listings Double
The weighted average asking rent for an apartment in San Francisco has now dropped to $3,825 a month. While that’s not exactly cheap, it’s nearly 7 percent ($275) cheaper than…
Reductions on the Rise
The percentage of homes on the market in San Francisco which have undergone at least one official price reduction is currently running around 21 percent, which is six (6) percentage…
Pace of Existing-Home Sales Down Nearly 30 Percent Nationwide
Having plummeted nearly 18 percent in April, the seasonally adjusted pace of existing-home sales across the U.S. dropped another 9.7 percent in May to an annual rate of just 3.91…
Number of Homes on the Market in S.F. Continues to Climb
Having hit a 9-year high in the absolute last week, the number of homes on the market in San Francisco has continued to climb and now totals 1,140, representing 60…
Bay Area Unemployment Rate Drops with Labor Force Decline
Based on employment data through the second week of May, the estimated number of San Francisco residents with a paycheck has dropped by over 92,000 over the past three months…
Benchmark Mortgage Rate Drops to a New All-Time Low
As we noted last week, while the average rate for a benchmark 30-year mortgage had inched up to 3.21 percent, there weren’t any hikes on the horizon. And in fact,…
Most Homes on the Market in San Francisco in Nine Years
While the number of homes newly listed for sale in San Francisco having outpaced the number of purchase contracts that were inked for the ninth week in a row, there…
Complimentary Rent on the Rise in San Francisco
As we highlighted last month: Having already started to slip earlier this year, prior to the COVID-19 hit, the weighted average asking rent for an apartment in San Francisco has…