Reductions Continue to Rise in SF as Inventory Levels Drop
Having peaked last month at an 8-year high, as expected, the number of homes on the market in San Francisco has since dropped a seasonally driven 19 percent to 840…
Bay Area Employment Slips, Unemployment Inches Up
Having benefited from a seasonal bump in the onboarding of new graduates in September, the number of people living in San Francisco with a paycheck inched up by another 100…
Prevalence of Price Cuts on the Rise in San Francisco
As is typical for early November, the number of homes on the market in San Francisco has ticked down 2 percent over the the past week to 930, which is…
Mortgage Rates Drop, Probability of a Rate Hike: Zero
As we expected, the average rate for a 30-year mortgage dropped 9 basis points over the past week and now measures 3.69 percent, according to Freddie Mac’s latest Mortgage Market…
Home Prices Rise in 93 Percent of Metro Areas, Bay Area Excluded
According to the National Association of Realtors, “single-family median home prices increased year-over-year in 93% of measured markets in the third quarter, with 166 of 178 metropolitan statistical areas showing…
35 Percent of San Francisco Residents Now Say They’re Likely to Leave
According to the City of San Francisco’s latest City Survey, the percentage of San Francisco residents who say they are either “somewhat” or “very” likely to move out of the…
Number of Homes on the Market in San Francisco Ticks Down
The number of homes on the market in San Francisco (950) ticked down 6 percent over the past week as is typical for this time of the year. But overall…
Mortgage Rates Inch up but Poised to Slip
The average rate for a 30-year mortgage inched up another 3 basis points over the past week to 3.78 percent but remains 105 basis points (1.05 percentage points) below its…
The Fed Just Cut Rates (For the Third Time This Year)
As predicted, the Federal Reserve just cut the benchmark Federal Funds rate by another 25 basis points (0.25 percentage points), the third such rate cut this year. Having dropped its…
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Appreciation for Bay Area Homes Turns Negative
For the first time since early 2012, 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…