Inventory Ticks up in San Francisco, Pending Sales Remain Down
While the inventory of homes for sale in San Francisco doesn’t typically start ticking up in earnest until after the Super Bowl has been played, the number of homes for…
Bay Area Home Sales Dropped to Another 11-Year Low
The number of single-family homes and condos that traded hands across the greater Bay Area totaled 5,341 this past December, that’s down 13.2 percent from November (versus typically ticking up),…
The Fed Signals Future Rate Hikes Are on Hold
In a move which shouldn’t catch any plugged-in readers by surprise, the Federal Reserve not only failed to raise interest rates today but signaled a more “patient” approach in its…
Indexes for Bay Area Home Values Drop, Condos Hit Particularly Hard
Having slipped another 0.7 percent in November, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay…
Benchmark Mortgage Rate Levels Off, Probability of a Hike Drops
Having dropped to a 9-month low two weeks ago, the average rate for a benchmark 30-year mortgage, which hit a 7-year high of 4.94 percent this past November, has been…
2018 Ended with Bay Area Employment at a Record High
The number of people living in San Francisco with a job ticked up by 2,000 in December to a record 572,800, roughly matching the December increase in the labor force…
Inventory of Homes for Sale in SF Trending Up in 2019, Sales Down
Having ended 2018 with around 36 percent more homes on the market in San Francisco than there were at the end of 2017, which is right in line with the…
Office Rents in San Francisco Ended 2018 at a Record High
Driven in part by the delivery of a record 3.7 million square feet of shiny new office space over the past year, all of which was delivered pre-leased, the average…
Mortgage Rates Drop to a 9-Month Low, Application Volume Jumps
Having shed 6 basis points over the past week, the average rate for a benchmark 30-year mortgage has dropped to 4.45 percent, which is 49 basis points below the 7-year…
Price Cuts Up, Pending Sales Down in San Francisco
Having ended 2018 with around 36 percent more homes on the market in San Francisco than there were at the end of 2017, which is right in line with the…