Pending Home Sales Activity in the U.S. Drops
While the pace of home sales across the U.S. ended the year up, with contract activity having ticked up 1.2 percent in November, the National Association of Realtors Pending Home…
Index For Bay Area Home Values Ekes Out A Gain
Having dropped a total of 1.5 percent from July through October, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the…
Pace of New Home Sales in the U.S. Ended 2019 Up
Having ticked down a percent in November, the pace of new single-family home sales in the U.S. slipped 0.4 percent in December to a seasonally adjusted annual rate of 694,000…
Inventory Levels Poised to Jump in San Francisco
While the number of homes on the market in San Francisco has stated ticking up, inventory levels are currently running around 15 percent lower than at the same time last…
Bay Area Employment Slows Its Roll
The number of people living in San Francisco with a paycheck was effectively unchanged from November to December and is now holding around a record 580,000 with an unemployment rate…
Mortgage Rates Drop, Odds of a Cut Tick Up
The average rate for a 30-year mortgage has inched down another 4 basis points over the past two weeks to 3.60 percent, which is 85 basis points (0.85 percentage points)…
Pace of Existing-Home Sales in the U.S. Ended 2019 Up
Having dropped 1.7 percent in November, the seasonally adjusted pace of existing-home sales across the U.S. rebounded 3.6 percent in December to an annual rate of 5.54 million sales, which…
Inventory Levels Start Ticking Up in San Francisco
The number of homes for sale in San Francisco ticked up an above-average 25 percent over the past week for a current listed inventory count of around 400 homes, which…
Benchmark Mortgage Rate Drops to a 13-Week Low
Having started the year down, the average rate for a 30-year mortgage dropped another 8 basis points over the past week to 3.64 percent, which is now 81 basis points…
Mortgage Rates Start the Year Down, Little Chance of a Hike
Having held relatively firm over the past three weeks, the average rate for a 30-year mortgage is starting the New Year at 3.73 percent, down 79 basis points (0.79 percentage…