Inventory of New Homes for Sale in the U.S. Hits a 10-Year High
The pace of new single-family home sales in the U.S. ended 2018 at a seasonally adjusted rate of 621,000 sales, down 2.4 percent on a year-over-year basis but with a…
Price Cuts Tick Up in San Francisco, Pending Sales Still Down
The percentage of homes listed for sale in San Francisco for which the asking price has been reduced at least once has ticked up a percentage point over the past…
Lowest Bay Area Home Sales in 11 Years, Prices Drop
The number of single-family homes and condos that traded hands across the greater Bay Area totaled 3,857 in January, down 14.9 percent on a year-over-year basis. And in addition to…
Mortgage Rates Hold
The average rate for a benchmark 30-year mortgage, which hit a 7-year high of 4.94 percent this past November, but has since dropped 59 basis points, was unchanged over the…
Indexes for Bay Area Home and Condo Values Continue to Drop
Having dropped another 1.4 percent in December, which is 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…
Asking Rents Inch up in San Francisco, Slip in Oakland
Having reversed course last year, the weighted average asking rent for an apartment in San Francisco has inched up over the past two months and slipped in Oakland. Including one-off…
Number of Homes Listed for Sale in San Francisco Starting to Climb
Muted by the holiday weekend, the net number of homes on the market in San Francisco (615) was relatively unchanged over the past week but remains 28 percent higher than…
Benchmark Mortgage Rate Drops to a One-Year Low, Fears Grow
The average rate for a benchmark 30-year mortgage, which hit a 7-year high of 4.94 percent this past November, shed another 4 basis points over the past week and has…
Number of Homes for Sale in SF Inches Up, Pending Sales Down
The number of homes on the market in San Francisco inched up another 2 percent over the past week to 625, which is now 38 percent more than at the…
Benchmark Mortgage Rate Drops, Odds of Easing Emerge
Having dropped to a 9-month low at the beginning of the year, the average rate for a benchmark 30-year mortgage, which hit a 7-year high of 4.94 percent this past…