Home Sales in San Francisco Remain at an 8-Year Low
With July home sales in San Francisco having slipped on a year-over-year basis, sales through the first seven months of 2019 now total a little under 3,200, which is down…
Benchmark Mortgage Rate Nearing a Six-Year Low
The average rate for a 30-year mortgage dropped 9 basis points over the past week to 3.49 percent, which is down 145 basis points (1.45 percentage points or 29.4 percent)…
Sub-2016 Pricing for a Luxury Two-Bedroom with Views
Purchased for $2.425 million in April of 2016, the two-bedroom unit #22E in the LUMINA tower at 338 Main Street returned to the market looking nearly new and priced at…
Bay Area Home Sales and Median Price Were Down, Again
While the number of single-family homes and condos that traded hands across the greater Bay Area inched up 0.5 percent from June to just over 7,400 in July, sales were…
Different Drivers Pushing Average Rents up in SF and Oakland
The weighted average asking rent for an apartment in San Francisco, including one-off rentals as well as units in larger developments, has inched up to around $4,350 per month, which…
Indexed Appreciation for Bay Area Homes Drops to Under a Percent
Having inched up 0.3 percent in May, 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…
Mortgage Rates Continue to Drop, Odds of an Easing Slip
The average rate for a 30-year mortgage dropped another 5 basis points over the past week to 3.55 percent, which is down 139 basis points (1.39 percentage points or 28.1…
Number of Homes for Sale in SF Is About to Jump
With a typical seasonal nadir now a week away, the number of homes listed for sale in San Francisco has ticked down to 530, which is 4 percent fewer than…
Pace of Existing Home Sales in the U.S. Ticks Up 2.5 Percent
Having slipped 1.7 percent in June, the seasonally adjusted pace of existing-home sales across the U.S. ticked up 2.5 percent in July to an annual rate of 5.42 million transactions…
Bay Area Employment Gets a Seasonal Bump
Having dropped to a record low of 1.9 percent in May, the unemployment rate in San Francisco has since inched up to 2.4 percent. But with a seasonally driven bump…