Inventory Levels Poised to Jump in San Francisco
While the number of homes listed for sale in San Francisco plummeted at the end of March, following the issuance of San Francisco’s original stay-at-home order, inventory levels were already…
Home Purchase Activity Ticks Up, Refinancing Activity Slips
With the benchmark mortgage rate having dropped to an all-time low of 3.23 percent last week, mortgage application volume in the U.S. inched up 1.0 percent over the past week,…
Inventory Levels Up Another 11 Percent in San Francisco
With pending home sales in San Francisco down nearly 50 percent on a year-over-year basis, the number of homes listed for sale in the city has ticked up another 11…
Listings for Apartments in San Francisco and Oakland Jump
Having slipped around 3 percent in the first quarter of the year, the weighted average asking rent for an apartment in San Francisco is currently holding at around $4,000 a…
Benchmark Mortgage Rate Drops to an All-Time Low
Having inched up last week, the average rate for a benchmark 30-year mortgage has since dropped 10 basis points (0.10 percentage points) and now measures 3.23 percent, which 91 basis…
Pending Home Sales Activity in the U.S. Drops Over 20 Percent
Having ticked up 2.4 percent in February, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped…
Bay Area Unemployment Claims Skyrocket, Over 330K in March
Having averaged a little over 3,500 new claims a month over the past five years, and with a total of around 5,600 individuals in San Francisco having qualified to receive…
Index for Bay Area Home Values Actually Inched Up, But…
Having slipped in January, 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 and Peninsula –…
Number of Homes Listed for Sale in S.F. Up Another 10 Percent
Driven by a sharp decline in new contract activity, the number of homes actively listed for sale in San Francisco has ticked up another 10 percent over the past week…
Pace of New Home Sales Takes a Hit, Plummets Out West
Having dropped (a downwardly revised) 4.6 percent in February, prior to the impact of COVID-19 having taken hold, the pace of new single-family home sales in the U.S. dropped another…