Number of Homes on the Market in San Francisco Climbs
Despite a seasonal uptick in sales in the absolute and year-over-year drop in new listing activity, the net number of single-family homes and condos on the market in San Francisco…
It’s Not Exactly Cheap, but It Is Cheaper in San Francisco
As we noted earlier this week, there are over 40 percent fewer homes in contract to be sold in San Francisco than there were at the same time last year…
Mortgage Rates Inch Down, Probability of an Easing Slips
As projected, the average rate for a benchmark 30-year mortgage inched down another 4 basis points (0.04 percentage point) over the past week to 6.35 percent but remains 20 percent…
$345K Over Asking! ($2.5 Million Under Original List)
The English Tudor “trophy home” at 3212 Jackson Street, a four-level, 6,100-square-foot home in coveted Presidio Heights, hit the market priced at $9.8 million three months ago. Reduced to $8.9…
Homebuying Activity Ticks Up, Still Down 32 Percent YOY
Having slipped last week, the number of applications to secure a purchase mortgage loan for an existing home in the U.S. has since ticked back up 5 percent on both…
Mortgage Credit Availability Back Down to a Decade Low
Having inched up 0.4 percent in March, mortgage credit availability, as indexed by the Mortgage Bankers Association, slipped 0.9 percent in April and is back to its lowest level since…
Sales and Listing Activity Tick Up in San Francisco, Prices Down
While the pace of home sales in San Francisco ticked up over the past week so did new listing activity. As such, overall inventory levels were effectively unchanged in the…
Signature Lumina Condo Fetches Over $2,000 Per Square Foot!
Featuring sweeping Bay and Bridge views, along with three bedrooms, three full baths and a large media room/office, the 2,685-square-foot, signature corner unit #30B atop the Lumina tower at 338…
Benchmark Mortgage Rate Slips, Poised to Drop. But…
Measured prior to yesterday’s quarter point hike by the fed, the average rate for a benchmark 30-year mortgage had inched back down 4 basis points (0.04 percentage point) over the…
Homebuying Activity Slips, Jumbo Loan Appetite Has Dropped
The number of applications to secure a purchase mortgage loan for an existing home in the U.S. ticked down a (1) percent over the past week. And having ticked down…