Benchmark Mortgage Rate Holding, Odds of a Rate Hike Tick Up
Having dropped 13 basis points over the past two weeks, the average rate for a benchmark 30-year mortgage is now holding around 4.81 percent, which remains 91 basis points higher…
New Home Sales in the U.S. Take a Hit, Inventory Nears 10-Year High
The seasonally adjusted pace of new single-family home sales in the U.S. dropped 8.9 percent in October to an annual pace of 544,000 sales which is 12.0 percent lower on…
Index for Bay Area Home Values Holds, Middle Market/Condos Slip
Having slipped 0.3 percent in August, 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…
44 Percent More Homes on the Market in SF, Sales Still Down
Having peaked at a 7-year high in the absolute last month, the inventory of homes actively listed for sale in San Francisco (870) has dropped 10 percent with typical seasonality…
Asking Rents Slip in San Francisco, Jump in Oakland
Having ticked down a couple percent last month, the weighted average asking rent for an apartment in San Francisco – including one-off rentals as well as those in larger developments…
Bay Area Employment Ticks Up, Unemployment as Well
Having jumped in September, the number of people living in San Francisco with a job ticked up by another 1,800 over the past month to a record 565,700 in October…
Number of Homes for Sale in SF Remains at a 7-Year Seasonal High
Having hit a 7-year high in the absolute last month, the number of listed homes on the market in the San Francisco has ticked down 3 percent over the past…
Benchmark Mortgage Rate Nearing Its 8-Year High
Having slipped at the end of October, the average rate for a benchmark 30-year mortgage increased 11 basis points over the past week to 4.94 percent, which is 104 basis…
Pending Home Sales in San Francisco Haven’t Rebounded
While Bay Area home sales plunged nearly 20 percent on a year-over-year basis in September, to an 11-year seasonal low, home sales in San Francisco were only down 6.5 percent…
40 Percent More Homes on the Market in San Francisco
Having peaked at a 7-year high last month in the absolute, the relative number of homes listed for sale in the San Francisco (940) remains around 40 percent higher versus…