Benchmark Mortgage Rate Inches Up, Poised to Hold
The average rate for a benchmark 30-year mortgage inched up 3 basis points (0.03 percentage points) over the past week to 6.81 percent, which was 151 basis points higher than…
Bay Buildings
Design & Architecture
Listings (for sale)
Neighborhoods
Real Estate Economics
Remodeling and Renovation
Trends
Price for Prestigious Nob Hill Penthouse Has Dropped by a Third
Purchased for $7 million at the end of 2013 and then completely renovated, with custom millwork, Venetian plaster, Italian marble, and high end finishes throughout, the 4,320-square-foot, two-level penthouse unit…
New Home Sales in the U.S. Slip, Median Price Down
Having jumped nearly 20 percent in May after an upward revision to 715,000, the seasonally adjusted pace of new single-family home sales in the U.S. slipped 2.5 percent in June…
Homebuying Activity Ticks Down, MOM and YOY
The number of applications to secure a purchase mortgage loan for an existing home in the U.S. ticked down another 2 percent over the past week in the absolute and…
Lower Pac Heights Penthouse Trades for Nearly $300K Less
The 1,375-square-foot penthouse unit #601 atop The District at 2655 Bush Street returned to the market listed for $1,749,000 last month having been purchased for $2,000,000 in February of 2018,…
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East Bay
Industry Stuff
Marin (And Points North)
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Trends
Bay Area Home Values Tick Up, Still Down 11 Percent YOY
Having ticked up 2 percent in April with typical seasonally in play, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes…
Average Asking Price in San Francisco Drops
With a third of the homes on the market in San Francisco having been reduced at least once and pending sales still down around 30 percent, year-over-year, the average asking…
Breaking News
East Bay
Industry Stuff
Marin (And Points North)
Real Estate Economics
San Jose (And South)
Trends
Bay Area Employment Drops, Trending Down
Having slipped in April and ticked down in May, the number of San Francisco residents with a job dropped by 2,000 to 557,400 in June. As such, there are still…
New Home Purchase Activity Up, Average Loan Size Down
Mortgage loan application volume for new homes across the U.S. ticked down 5 percent from May to June with typical seasonality in play but was 26 percent higher than at…
Benchmark Mortgage Rate Drops, Hike Priced In
Having jumped 15 basis points (0.15 percentage point) to within 12 basis points of its 21-year high last week, the average rate for a benchmark 30-year mortgage dropped 18 basis…