Benchmark Mortgage Rate Ticks Down but Holding at Over 6%
The average rate for a benchmark 30-year mortgage ticked down 10 basis points (0.10 percentage points) over the past week to 6.32 percent. Or as we outlined last week, “the…
Home Buying Activity Inches Up, Only Down 35 Percent YOY
The volume of applications to secure a purchase mortgage loan for a home in the U.S. inched up 2 percent last week on both an absolute and seasonally adjusted basis,…
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East Bay
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Index for Bay Area Homes Has Dropped 17%, Trending Down
The S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – ticked down another 1.3…
Inventory Ticks Up in San Francisco as Home Sales Decline
While the net number of homes on the market in San Francisco had been holding at a seasonally adjusted 10-year high, inventory levels ticked up 7 percent over the past…
Benchmark Mortgage Rate Drops, Poised to Tick Down
Measured prior to yesterday’s quarter-point rate hike by the Fed, the average rate for a benchmark 30-year mortgage had dropped another 18 basis points (0.18 percentage points) over the past…
New Home Sales and Median Sale Price Tick Up, But…
Having been revised down over the past quarter in the absolute, the seasonally adjusted pace of new single-family home sales in the U.S. ticked up 1.1 percent last month to…
Breaking News
East Bay
Industry Stuff
Marin (And Points North)
Real Estate Economics
San Jose (And South)
Trends
Bay Area Employment Drops, Trending Back Down
Having ended 2022 nearing its pre-pandemic peak, the net number of people living in San Francisco with a paycheck dropped by 5,400 in January to 560,600 as the impact of…
Pending Home Sales in San Francisco Down Nearly 45 Percent
As we outlined yesterday, while the net number of homes on the market in San Francisco (i.e., inventory) is currently unchanged, month-over-month and year-over-year, it’s not due to a jump…
Number of Homes for Sale in S.F. Holds, Reductions Jump
While the net number of homes on the market in San Francisco has held over the past month and now year-over-year, it’s important to understand that the “holding pattern” is…
Benchmark Mortgage Rate Ticks Down to 6.6 Percent, But…
With all the volatility in the financial markets, the average rate for a benchmark 30-year mortgage ticked down 13 basis points (0.13 percentage points) over the past week to 6.60…