Pace of New Home Sales in the U.S. Rebounds
Having dropped a downwardly revised 8.2 percent in May, the pace of new single-family home sales in the U.S. rebounded 7.0 percent in June to a seasonally adjusted rate of…
Pace of Existing Home Sales in the U.S. Slips
Having ticked up 2.5 percent in May, the seasonally adjusted pace of existing-home sales across the U.S. slipped 1.7 percent in June to an annual rate of 5.27 million transactions…
Demand for Office Space in San Francisco Jumps, Rents Climb
Having ended 2018 at a record high, driven in part by the delivery of a record 3.7 million square feet of high-end Class A space, all of which was delivered…
Pace of Home Sales in San Francisco Continues to Drop
While the number of homes listed for sale in San Francisco hit a seasonal peak last month, inventory levels have ticked up 16 percent over the past two weeks and…
Bay Area Employment Is Actually on the Decline
Having dropped to a record low of 1.9 percent in May, the unemployment rate in San Francisco inched up to 2.3 percent in June as the number of people living…
Mortgage Rates Inch up Along With the Odds of an Earlier Easing
Having dropped to 3.73 percent at the end of last month and bouncing around a 32-month low, the average rate for a 30-year mortgage inched up 6 basis points over…
U.S. Housing Starts Slip, Permit Activity Drops to a Two-Year Low
The annual pace of new housing starts in the U.S. slipped 0.9 percent from May (1.265 million units) to June (1.253 million units) but remains 6.2 percent higher versus the…
Reductions on the Rise as Pace of Home Sales Drops in SF
While the number of homes listed for sale in San Francisco hit a seasonal peak last month, inventory levels ticked up 12 percent over the past post-holiday week to 650,…
Benchmark Mortgage Rate Holding at a 32-Month Low
The average rate for a 30-year mortgage has been holding at around 3.75 percent over the past two weeks, which is down 119 basis points (1.19 percentage points) since the…
Pace of Home Sales in San Francisco is Still Down
While some segments are doing better and others worse, the overall pace of home sales is still down in San Francisco. In fact, recorded sales in the first half of…