Pending Home Sales in the U.S. Slip
Having ticked up 4.6 percent in January, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, slipped 1.0 percent in February…
Mortgage Rates Dramatically Drop, Inversion Spreads
With Fed officials having officially deemed the foregoing of any additional interest rate hikes in 2019 to “be best” for our economy in light of increasing global risks, which shouldn’t…
Indexes for Bay Area Home Values Drop, Nearing Negative Territory
Having ended last year with the largest month-over-month decline in seven years, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area (which includes the…
Pending Home Sales in SF Remain Down (But Picking up Steam)
While the number of homes listed for sale in San Francisco remains around 10 percent higher versus the same time last year and at a 7-year seasonal high, the number…
Bay Area Employment Inches Up to Another Record High
With 2018 having ended the year with Bay Area employment at an all-time high, the number of people living in San Francisco with a paycheck has since inched up 700…
Fed Officials Officially Drop Expectations of a Rate Hike in 2019
According to an analysis of the futures market, the probability of the Fed hiking the federal funds rate in 2019 had dropped to zero (0) as of last week, as…
Number of Homes for Sale in San Francisco Ticks Up
The net number of homes listed for sale in San Francisco ticked up 5 percent over the past week to 645, which is 10 percent more than at the same…
Benchmark Mortgage Rate Drops, Odds of an Easing Up
Having ticked up 6 basis points last week, the average rate for a benchmark 30-year mortgage has since dropped 10 basis points to 4.31 percent, which is 13 basis points…
Number of Homes for Sale in San Francisco Inches Up
With the number of homes which were newly listed for sale in San Francisco over the past two weeks roughly matching the number of new purchase contracts that were written,…
Mortgage Rates Tick Up
Having dropped 59 basis points since hitting a 7-year high of 4.94 percent this past November, the average rate for a benchmark 30-year mortgage ticked up 6 basis points over…