Inventory Levels Start to Wane, Reductions Continue to Rise
Having hit its seasonal peak and an absolute 8-year high last week, which shouldn’t have caught any plugged-in readers by surprise, the number of homes on the market in San…
Asking Rents Tick up in Oakland, Slip in San Francisco
The weighted average asking rent for an apartment in San Francisco, including one-off rentals as well as units in larger developments, slipped another (1) percent over the past month with…
Pace of New Home Sales in the U.S. Slips, Median Price Drops
Having rebounded a downwardly revised 5.4 percent in August, the pace of new single-family home sales in the U.S. slipped 0.7 percent in September to a seasonally adjusted rate of…
Mortgage Rates Tick Up, Rate Cut Nearly Certain
Having jumped 12 basis points last week, the average rate for a 30-year mortgage has since ticked up another 6 basis points and now measures 3.75 percent. That being said,…
Inventory Levels Inch Up, Reductions on the Rise
With the number of homes newly listed for sale over the past week having outpaced the number of new contracts written, the inventory of homes on the market in San…
Bay Area Unemployment Rates Drop to Record Lows
Benefiting from a seasonal bump in the onboarding of new graduates, the number of people living in San Francisco with a paycheck increased by 7,100 in September and now totals…
Mortgage Rates Rebound, Probability of a Rate Cut Hits 90 Percent
Having ticked down 16 basis points since mid-September, the average rate for a 30-year mortgage jumped 12 basis points over the past week and now measures 3.69 percent. That being…
Number of Homes for Sale in San Francisco Has Likely Peaked
Having hit an 8-year high last month, the number of homes on the market in San Francisco has since ticked up another 5 percent to 1,030, which is 6 percent…
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Housing Pipeline in San Francisco Slips but Building Actually Jumps
With the number of newly built units of housing in San Francisco having outpaced the number of newly proposed units of housing to be built in San Francisco for the…
Mortgage Rates Drop, Odds of a Rate Cut Rise
Having jumped 17 basis points in mid-September, the average rate for a 30-year mortgage has since shed 16 basis points and dropped back down to 3.57 percent, which is 133…