Price Cuts Continue to Tick Up in San Francisco
Having peaked a few weeks ago at an effective 12-year high, the net number of homes on the market in San Francisco (i.e., inventory/supply) has since ticked down 1 percent…
Benchmark Mortgage Rate Surpasses 7 Percent
Having hit a 20-year high of 6.92 percent two weeks ago, the average rate for a benchmark 30-year mortgage has since ticked up another 16 basis points (0.16 percentage points)…
Purchase Mortgage Activity Down Over 40 Percent, Locally Too
Having dropped to a 25-year low last week, mortgage loan application volume in the U.S. has since ticked down another 2 percent, driven by a 3 percent drop in purchase…
Pace of New Home Sales Drops Despite Inventory Gains
Having bounced in August, the seasonally adjusted pace of new single-family home sales in the U.S. dropped 10.9 percent in September to an annualized rate of 603,000 sales, which is…
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Drop in Bay Area House Values Is Really Accelerating
Having dropped 3.5 percent in July, 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…
Bernal Heights Dwelling Appreciated 1.5 Percent per Year
As we highlighted last month: Purchased for $1.5 million in November of 2013, the 1,253-square-foot Dwell-ing at 330 Banks Street resold for $1.7 million in February of 2017, representing total…
Office Vacancy Rate in Oakland’s City Center Ticks Over 33%
Having ticked down from 18.1 percent at the end of last year to 16.3 percent three months ago, the office vacancy rate in the East Bay, not including Walnut Creek…
Nearly 40 Percent of Active Listings in S.F. Have Been Reduced
While the net number of homes on the market in San Francisco (i.e., inventory) is holding at an effective 12-year high, having peaked a few weeks ago, as projected, the…
Bay Area Employment Holds, Inches Down in San Francisco
While the number of people living in San Francisco with a paycheck typically ticks up by a few thousand in September, net employment inched down by 600 last month to…
Existing Home Sales and Median Price Drop
Having slipped in August, the seasonally adjusted pace of existing-home sales across the U.S. ticked down another 1.5 percent in September to an annual rate of 4.71 million sales, which…