Pace of New Home Sales in the U.S. Slips, Inventory Hits 9-Year High
Having rebounded a downwardly revised 3.9 percent in May, the seasonally adjusted pace of new single-family home sales in the U.S. dropped 5.3 percent in June to an annual pace…
Rents in San Francisco Hold, Tick Up in Oakland
Having slipped a nominal 0.3 percent over the past month, the weighted average asking rent for an apartment in San Francisco, including one-off rentals as well as those in larger…
Bay Area Employment Slips, San Francisco Nears Negative Growth
The unemployment rate in San Francisco jumped from 2.1 to 2.7 percent in June as the number of people living in the city with a job dropped by 1,600 to…
50 Percent More Homes on the Market in San Francisco versus 2015
While having slipped 6 percent over the past month with typical seasonality in play, the number of single-family homes and condos actively listed for sale in San Francisco has ticked…
Mortgage Rates Inch up along with Probability of Next Rate Hike
The average rate for a benchmark 30-year mortgage inched up a single (1) basis points over the past week to 4.53 percent, which is 50 basis points higher on a…
Benchmark Mortgage Rate Slips, Short-Term Rate Inches Up
The average rate for a benchmark 30-year mortgage slipped 2 basis points over the past week to 4.55 percent but remains 67 basis points higher on a year-over-year basis and…
Asking Rents in San Francisco and Oakland Tick Up
Having ended last year lower than where they started, asking rents for apartments in San Francisco have since ticked up nearly 6 percent since the beginning of the year. But…
A Six-Figure Salary Is NOT ‘Low Income’ in San Francisco
Despite making for a shocking headline, a “six-figure salary” is not actually considered “low income” for residents of San Francisco. Yes, for a household of four in the city, a…
Relative Number of Homes for Sale in San Francisco on the Rise
Speaking of inventory levels, and despite what you might have read elsewhere, while the number of homes on the market in San Francisco has inched down over the past week…
Benchmark Mortgage Rate Slips Post Hike
With last week’s expected rate hike already priced in, and the 10-year Treasury having dipped following said hike, the average rate for a benchmark 30-year mortgage slipped 5 basis points…