Indexed Appreciation for Bay Area Homes Drops to 0.2 Percent
Having eked out a 0.2 percent gain in June, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay,…
Most Homes on the Market in San Francisco Since 2011
Having hit an 8-year seasonal high last week, the number of homes on the market in San Francisco has ticked up to 980, which is 6 percent higher than at…
Bay Area Employment Holds, Unemployment Rate Down
Having benefited from a seasonal bump in July, the number of people living in San Francisco with a paycheck, which is now estimated at 573,600, was unchanged in August. But…
Mortgage Rates Jump
Having started to inch up last week, the average rate for a 30-year mortgage has since jumped another 17 basis to 3.73 percent but remains 92 basis points below its…
The Fed Just Cut Rates, Again
As predicted, the Federal Reserve just cut the benchmark Federal Funds rate by another 25 basis points (0.25 percentage points), the second such cut this year. Having dropped its benchmark…
Home Sales Activity in San Francisco Remains Down
While the number of homes listed for sale in San Francisco just hit an 8-year seasonal high, pending home sales activity in the city remains down. In fact, despite a…
Number of Homes for Sale in San Francisco Hits an 8-Year High
With listing activity having hit a 13-year high earlier this month, the number of homes currently listed for sale in San Francisco now totals 910, which is 2 percent higher…
Mortgage Rates Inch Up
While the average rate for a 30-year mortgage inched up 7 basis points over the past week to 3.56 percent, it remains within 15 basis points of a three/six-year low…
Pending Home Sales in San Francisco Are Really Down
As we noted last week, the year-to-date pace of completed home sales in San Francisco is currently running at an 8-year low. And in addition to being down over 10…
Listing Activity Hits a 13-Year High in San Francisco
While home sales in San Francisco are currently running at an 8-year low, the number of properties newly listed for sale over the past week crossed the 300 mark for…