Pending Home Sales in the U.S. Drop
Having ticked up 3.8 percent in March, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, dropped 1.5 percent last month…
Benchmark Mortgage Rate Dips Under 4 Percent, Odds of Easing Up
Having shed 7 basis points over the past week, the average rate for a 30-year mortgage now measures 3.99 percent, an average rate which is 57 basis points lower than…
Below Average Returns for Bay Area Homes
Having eked out a 0.6 percent gain in February, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area (which includes the East Bay, North…
Pace of New Home Sales in the U.S. Drops
Having gained an upwardly revised 8.1 percent in March, the pace of new single-family home sales in the U.S. dropped 6.9 percent in April to a seasonally adjusted rate of…
Pace of Existing Home Sales in the U.S. Down, Inventory Up
Having dropped 4.9 percent in March, the seasonally adjusted pace of existing-home sales across the U.S. slipped another 0.4 percent in April to an annual rate of 5.19 million transactions,…
Pace of Home Sales in San Francisco Drops, Inventory Inches Up
While home sales in San Francisco totaled a ten-year low in the first quarter of 2019, the pace of sales turned up at the end of March and April sales…
Bay Area Employment Really Drops, Unemployment Rate as Well
While the unemployment rate in San Francisco returned to a record low 2.1 percent last month, the drop was driven by a reduction in the size of the labor force…
Benchmark Mortgage Rate Dips, Odds of an Easing Jumps
The average rate for a 30-year mortgage shed 7 basis points over the past two weeks to 4.07 percent, an average rate which is now 54 basis points lower than…
Number of Homes for Sale in SF Inches Up but Trend Turns Down
While the inventory of homes actively listed for sale in San Francisco inched up another 2 percent over the past week to 650, which is 38 percent higher than in…
Luxury Two-Bedroom with Views Nearly Fetches its Early 2018 Price
Purchased for $2.38 million in February of 2018, the two-bedroom unit #31C on the 31st floor of LUMINA’s Tower B (201 Folsom Street, at the corner of Beale) returned to…