Mortgage Rates Inch Up, Probability of a Rate Hike Hits 100 Percent
The average rate for a benchmark 30-year mortgage inched up 2 basis points over the past week to 4.54 percent, which is 76 basis points above its average rate of…
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Record Pipeline of Development in San Francisco Continues to Grow
With the number of newly proposed units of housing to be built in San Francisco having outpaced the number of units that recently finished up construction for the third quarter…
Benchmark Mortgage Rate Hovering Around 4.5 Percent
Having bounced around a narrow 15 basis point band over the past four months, the average rate for a benchmark 30-year mortgage has been hovering around 4.5 percent over the…
Key Trends of Homes for Sale in San Francisco Hold
Heading into a typically quiet Labor Day weekend, after which the inventory of homes on the market in San Francisco typically starts to climb, the number of homes listed for…
Average Asking Rents in San Francisco and Oakland Slip
The weighted average asking rent for an apartment in San Francisco, including one-off rentals as well as those in larger developments, slipped another 1.4 percent over the past month to…
Seasonal Hiring Pushes Bay Area Employment to a Record High
With an above-average bump in seasonal hires, the unemployment rate in San Francisco dropped from 2.7 percent in June to 2.4 percent in July, with the labor force having increased…
Mortgage Rates Slip, Probability of a Rate Hike Hits 98 Percent
The average rate for a benchmark 30-year mortgage slipped 7 basis points over the past two weeks to 4.53 percent but remains 64 basis points above its mark at the…
Inventory of Homes for Sale in SF and Trend of Those in Contract
While the number of homes listed for sale in San Francisco has ticked down 16 percent since the middle of July with typical seasonality in play, there are 3 percent…
More Homes for Sale in SF versus Same Time Last Year
While the number of homes on the market in San Francisco has ticked down 12 percent since the middle of July, as is typical for this time of the year,…
Mortgage Rates Tick Up, Short-Term Rate Hits Eight-Year High
The average rate for a benchmark 30-year mortgage has ticked 8 basis points over the past two weeks to 4.60 percent, which is 67 basis points higher on a year-over-year…