Pace of Existing Home Sales in the U.S. Ticks Up
Having slipped 0.4 percent in April, the seasonally adjusted pace of existing-home sales across the U.S. ticked up 2.5 percent in May to an annual rate of 5.34 million transactions…
Mortgage Rates Hover Near Two-Year Lows, Primed to Drop
While the average rate for a 30-year mortgage was unchanged over the past week, holding near a two-year low of 3.82 percent, Freddie Mac’s latest Mortgage Market Survey was conducted…
Record Pipeline of Development in SF (And Building Is Up)
With the number of newly proposed units of housing to be built in San Francisco having outpaced the number of units that recently finished up construction for the sixth quarter…
Number of Homes for Sale in SF Has Likely Peaked, at Least for Now
While 17 percent higher than at the beginning of the month, the number of homes on the market in San Francisco is now holding at around 700, which is 37…
Pace of Home Sales in San Francisco Drops
Down 6.9 percent on a year-over-year basis through the first four months of the year, marking the slowest start to the local market since 2010, home sales in San Francisco…
Inventory of Homes on the Market in San Francisco Jumps
The inventory of homes actively listed for sale in San Francisco has jumped 18 percent over the past two weeks to 710, driven by a slowdown in sales along with…
Benchmark Mortgage Rate Nearly Hits a Two-Year Low
The average rate for a 30-year mortgage dropped 17 basis points over the past week and now measures 3.82 percent. That’s the lowest 30-year rate since the third quarter of…
Pace of Home Sales Is Still Down in San Francisco
With the April bump in activity, home sales in San Francisco are only down 6.9 percent on a year-over-year basis through the first four months of the year, marking the…
Asking Rents in San Francisco and Oakland Tick Up
With a bit of seasonality in play, the weighted average asking rent for an apartment in San Francisco, including one-off rentals as well as units in larger developments, has ticked…
Bay Area Home Sales Trending Down, Median Price Unchanged YOY
Continuing to follow a trend which shouldn’t catch any plugged-in readers by surprise, while the number of single-family homes and condos that traded hands across the greater Bay Area increased…