Benchmark Mortgage Rate Drops to a Six-Month Low, And…
Having slipped back under 7 percent last week, the average rate for a benchmark 30-year mortgage has since dropped another 28 basis points (0.28 percentage points) to 6.67 percent, which…
Purchase Mortgage Activity Continues to Drop
Despite some misleading headlines making the rounds last week, an uptick in mortgage loan application volume was actually being driven by a jump in refinancing activity, not purchasing, as we…
Best of San Francisco Living Trades Down
Purchased for $2.5 million in July of 2020, the 1,794-square-foot, three-bedroom Noe Valley home at 732 Duncan Street, which features “epic views,” “modern finishes,” and a “superlative location,” returned to…
Pace of New Home Sales Activity Slows Despite YOY Gain(s)
Application volume for new home loan purchases in the U.S. was up nearly 22 percent on a year over-year basis last month but down 12 percent from October with the…
Pace of Home Sales in San Francisco Drops
The pace of single-family home and condo sales in San Francisco ticked down three points over the past week, with 13 percent fewer homes in contract to be sold than…
Benchmark Mortgage Rate Slips Back Under 7 Percent
The average rate for a benchmark 30-year mortgage has slipped back under 7 percent for the first time in four months, inching down 8 basis points (0.08 percentage points) over…
As Proposed
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Refined Plans for the Proposed Stonestown Redevelopment
As proposed by Brookfield Properties and newly rendered above and below, the refined plans for redeveloping the 41-acre Stonestown site would now yield nearly 3,500 residential units, up from around…
Refinancing Activity Drives Mortgage Application Volume Up, Not Purchases
While the Mortgage Bankers Association’s index for mortgage loan application volume increased 6 percent last week, said increase was actually driven by refinancing activity, the sub-index for which jumped 19…
Mortgage Credit Availability Drops
Having ticked up a (1) percent in October, mortgage credit availability, as indexed by the Mortgage Bankers Association, ticked down 1.7 percent in November, with a 5.4 percent drop in…
Inventory and Asking Prices Tick Down in S.F., Reductions Up
The net number of homes on the market in San Francisco ticked down 8 percent over the past week, driven by typical seasonality, with 9 percent fewer homes on the…