2018 Ends with More Homes for Sale in SF, Pending Sales Down
With only a handful of homes having been newly listed for sale over the past week, and the seasonal culling of unsold listings – which will likely return to the…
Mortgage Rates End the Year Half a Point Higher
Having hit a 7-year high of 4.94 percent last month, the average rate for a benchmark 30-year mortgage has since dropped 39 basis points, including 7 basis points over the…
Indexes for Bay Area Home Values Slip and Fall
Having slipped 0.7 percent in October, 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 and…
Bay Area Employment Trends up to Another Record High
Having ticked up in October, the number of people living in San Francisco with a job increase by another 5,500 over the past month to a record 571,000 at the…
The Fed Raises Rates, Signals Two More Hikes in 2019
As projected, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 25 basis points to between 2.25 and 2.5 percent, while signaling…
Year-Over-Year Decline in Existing U.S. Home Sales Is Accelerating
While the seasonally adjusted pace of existing-home sales across the U.S. ticked up 1.9 percent in November to an annual rate of 5.32 million sales, the pace is now running…
Nearly 70 Percent More Homes on the Market in San Francisco
While the pace of home sales in San Francisco continues to slow, with fewer than 20 new homes listed for sale in San Francisco over the past week and a…
Benchmark Mortgage Rate Drops to a Three-Month Low
The average rate for a benchmark 30-year mortgage has dropped 18 basis points over the past two weeks to 4.63 percent, which remains 70 basis points above its mark at…
60 Percent More Homes on the Market in San Francisco
With the holiday slowdown and market seasonality in full swing, the number of homes actively listed for sale in San Francisco has dropped to 715, which is down 25 percent…
Over 50 Percent More Homes on the Market in San Francisco
While the number of homes actively listed for sale in San Francisco peaked at a 7-year high of around 960 this past October and has since ticked down to 775…