Number of Homes for Sale in SF Is Nearing Its Summertime Nadir
With the market’s summertime nadir two weeks away, the number of homes actively listed for sale in San Francisco has dropped to 540, which is 3 percent fewer than at…
Benchmark Mortgage Rate Drops to a Near 3-Year Low
On the heels of the Fed having eased rates last week, the average rate for a 30-year mortgage has dropped 15 basis points to 3.60 percent, which is now 134…
Home Prices Increase in 91 Percent of Metro Areas, But…
First and foremost, we need to reiterate that changes in a market’s median sale price isn’t the same thing as appreciation/depreciation or an underlying change in value, especially as sales…
Inventory Levels Drop in San Francisco but Still up Year-Over-Year
While the number of homes officially on the market in San Francisco dropped 10 percent over the past week with typical seasonality in play, inventory levels remain 2 percent higher…
The Fed Just Cut Rates, Might Not Be Done
With the Fed having formally signaled a more “patient” approach with respect to any future rate hikes back in January, the probability of an easing started to emerge, as we…
Asking Rents in San Francisco and Oakland Tick Up
While the purchase market in San Francisco continues to drop, the weighted average asking rent for an apartment in San Francisco, including one-off rentals as well as units in larger…
Indexed Returns for Bay Area Homes Nearing Negative Territory
Having ticked up 1.6 percent in April, 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…
Reductions on the Rise as the Pace of Sales Slows in San Francisco
While the number of homes listed for sale in San Francisco slipped 4 percent over the past week with typical seasonality in play, inventory levels are running 3 percent higher…
Bay Area Home Sales and Median Price Continue to Drop
Continuing to follow a trend which shouldn’t catch any plugged-in readers by surprise, the number of single-family homes and condos that traded hands across the greater Bay Area dropped 11.4…
Mortgage Rates Slip, Odds of an Easing Hold
Having inched up to 3.81 percent last week, the average rate for a 30-year mortgage has dropped back down to 3.75 percent, which is 119 basis points (1.19 percentage points)…