Number of Homes in Contract in S.F. Nearly Even YOY, But…
With purchase activity having started to rebound last month, the number of homes in contract to be sold across San Francisco is now back to within 5 percent of its…
Benchmark Mortgage Rate Inches Up, No Hikes on the Horizon
Having dropped to an all-time low of 3.15 percent two weeks ago, the average rate for a benchmark 30-year mortgage has since inched up 6 basis points (0.06 percentage points)…
Inventory Levels in San Francisco Nearing Another Milestone
With the number of homes newly listed for sale in San Francisco having outpaced the number of purchase contracts that were inked for the eighth week in a row, there…
Pace of Home Sales in San Francisco Still Down
Having hit its pandemic driven nadir at the end of April, when pending home sales were down nearly 50 percent on a year-over-year basis in San Francisco, the pace of…
Number of Homes for Sale in San Francisco Continues to Tick Up
While the pace of home sales in San Francisco has started to rebound, new listing activity continues to outpace the number of new purchase contracts being written. As such, the…
The Target Dates and Plan to Fully Reopen San Francisco
With restrictions on construction projects, residential moves and in-person showings of homes having been eased back at the end of April, at which point some outdoor facilities and businesses were…
Asking Rents in San Francisco and Oakland Are Down
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 dropped around 4 percent since…
Pending Home Sales Down Nearly 34 Percent Nationwide
Having already dropped over 20 percent in March, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity,…
Benchmark Mortgage Rate Drops to a New All-Time Low
Having inched down last week, the average rate for a benchmark 30-year mortgage has since shed another 9 basis points (0.09 percentage points) to 3.15 percent which is 8 basis…
Pace of New Home Sales Holds with a Sales Price Drop
Having dropped (an upwardly revised) 13.7 percent in March, the pace of new single-family home sales in the U.S. was effectively unchanged in April (up 0.6 percent), for a seasonally…