Benchmark Mortgage Rate Inches Up, Short-Term Rates Drop
Having dropped to an all-time low of 3.29 percent last week, the average rate for a benchmark 30-year mortgage has since inched up 7 basis points to 3.36 percent but…
Reports of Illegal Airbnb-ing Back on the Rise in San Francisco
While the number of formal complaints related to illegal short-term rental activity in San Francisco had been on the decline since the second quarter of 2016, following the passage (and…
Number of Homes for Sale in SF Nearing a 9-Year High
Having hit a relative 7-year high last month, the number of homes on the market in San Francisco (730) has since climbed another 15 percent and listed inventory levels are…
Benchmark Mortgage Rate Drops to an All-Time Low
The average rate for a benchmark 30-year mortgage dropped 16 basis points over the past week to a new all-time low of 3.29 percent, according to Freddie Mac’s latest Mortgage…
Inventory Levels Continue to Tick Up in San Francisco
Having hit a relative 7-year high last month, the number of homes on the market in San Francisco (690) has since ticked up another 9 percent and inventory levels are…
Pending Home Sales Activity in the U.S. Rebounds, But…
Having dropped 4.9 percent in December, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, rebounded 5.2…
Benchmark Mortgage Rate Back Down to a 3-Year Low
The average rate for a benchmark 30-year mortgage has dropped back down to the 3-year low of 3.45 percent it hit three weeks ago, which is within 14 basis points…
Pace of New Home Sales in the U.S. Is Trending Up
Having ended last year on an upward trajectory, the pace of new single-family home sales in the U.S. gained another 7.9 percent in January to a seasonally adjusted annual rate…
Index for Bay Area Home Values Ended 2019 Up (And Down)
Having eked out a 0.2 percent gain last November, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay,…
Asking Rents in San Francisco and Oakland Slip
While the weighted average asking rent for an apartment in San Francisco ticked up in January, it has since slipped a percent to $4,100 a month and is now running…