Benchmark Mortgage Rate Rises to New Seven-Year High
The average rate for a benchmark 30-year mortgage jumped another 7 basis points over the past week to 4.72 percent, which is 89 basis points above its mark at the…
The Fed Raises Rates, Signals Another Hike in 2018
As predicted, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 0.25 percent (25 basis points) and signaling expectations for another quarter-point…
Trend of Homes for Sale in San Francisco Ticks Up
Having hit a 7-year high last week, the number of homes listed for sale in San Francisco has ticked up another 2.2 percent to 920 which is now 16 percent…
Bay Area Employment Drops along with Unemployment Rates
Having recorded an above-average bump in seasonal hires in July, the number of people residing in San Francisco with a job dropped by 3,000 over the past month to 557,200.…
Benchmark Mortgage Rate Effectively Hits a Seven-Year High
The average rate for a benchmark 30-year mortgage ticked up another 5 basis points over the past week to 4.65 percent, which is 82 basis points above its mark at…
Sixth Straight Year-Over-Year Decline for Existing U.S. Home Sales
Having dropped 4.6 percent since the end of the first quarter, the seasonally adjusted pace of existing-home sales across the U.S. held at an annual rate of 5.34 million sales…
Asking Rents in SF and Oakland Ticked Up but Didn’t Peak in Q3
Having ticked up a little over one (1) percent from the second to third quarter of this year, the weighted average asking rent for an apartment in San Francisco –…
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Whitewashed Victorian Fetches $250K More
Purchased for $2.55 million last year, the “Exceptional Eureka Valley Home” at 3751-3753 17th Street, which had been “lovingly curated” by the same owner for over 40 years, was subsequently…
Inventory of Homes for Sale in San Francisco Hits 7-Year High
Following a trend which shouldn’t catch any plugged-in readers by surprise, the number of homes actively listed for sale in the San Francisco (900) has just hit a 7-year high…
Mortgage Rates Rise, Largest YOY Increase since 2014
The average rate for a benchmark 30-year mortgage ticked up another 6 basis points over the past week to 4.6 percent, which is 82 basis points above its mark at…