Number of Homes for Sale in San Francisco Ticks Up
Having dropped nearly 50 percent over the previous two weeks, following San Francisco’s initial stay-at-home order having been issued, the number of homes on the market in San Francisco has…
Asking Rents in San Francisco and Oakland Drop, Listings Up
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 dropped around 2 percent in March…
First 30-Year Rate “Inversion” Since 2009
In a move which shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30-year mortgage has dropped another 17 basis points over the past week for…
Index for Bay Area Home Values Started the Year With a Slip
Having ended last year up 2.1 percent on a year-over-year basis but 1.3 percent below peak, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan…
Pending Home Sales Activity in the U.S. Was Up Last Month
Having rebounded 5.2 percent in January, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, ticked up…
Inventory Levels and Sales Continue to Drop in San Francisco
Having plummeted 40 percent last week, the number of homes on the market in San Francisco has since dropped another 14 percent to 390, which isn’t zero but is 37…
Bay Area Employment Held Last Month, But…
Having been downwardly revised by the State at the start of the year, the estimated number of people living in San Francisco with a paycheck inched up by 1,100 in…
Benchmark Mortgage Rate Drops, Short-Term Rate Jumps
Having spiked last week, the average rate for a benchmark 30-year mortgage has since shed 15 basis points for an average rate of 3.50 percent, which is 56 basis points…
Pace of New Home Sales in the U.S. Dropped Last Month
While trending up at the beginning of the year, the pace of new single-family home sales in the U.S. dropped 4.4 percent in February, prior to the impact of COVID-19…
Number of Homes on the Market in SF Plummets 40 Percent
Having dropped 20 percent in the first few days following San Francisco’s stay at home order having been issued, the number of homes on the market in San Francisco has…