Purchase Mortgage Activity Inches Up, Down Year-Over-Year
While mortgage loan application volumes in the U.S. dropped another 6.8 percent over the past week on a seasonally adjusted basis and 6 percent in the absolute, the decrease was…
Index for Bay Area House Values Gains, Condos Inch Up
Having ended last year up 18.8 percent, 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…
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S.F.’s Housing Pipeline Back to Within 2 Percent of Peak, But…
The number of units in San Francisco’s housing pipeline increased by nearly 3,000 in the fourth quarter of 2021 to 72,500, which effectively equals the pipeline count in the fourth…
Make that Nine and a Near Decade High
With the probability of the Federal Reserve raising interest rates by another two (2) full percentage points by the end of the year having jumped last week, the probability of…
Number of Homes on the Market in San Francisco Holds
With the current pace of home sales in San Francisco still down over 10 percent on a year-over-year basis, the net number of homes on the market (930) has effectively…
Bay Area Employment Back to 96 Percent of Pre-Pandemic Count
Having been downwardly revised, the net number of people living in San Francisco with a paycheck actually slipped by a thousand in January but then rebounded by 8,500 in February…
Pending Home Sales Drop, “Fast-Changing Conditions” Ahead
Having dropped 5.7 percent in January, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, “dwindled” another…
List Price Reductions on the Rise in San Francisco
The percentage of homes on the market in San Francisco which have undergone at least one official price reduction ticked up four (4) percentage points over the past week to…
Mortgage Rates Rocket to 3-Year Highs, Primed to Climb
The average rate for a benchmark 30-year mortgage jumped another 26 basis points (0.26 percentage points) over the past week to 4.42 percent, which is nearly 40 percent (125 basis…
Pace of New Home Sales in the U.S. Drops, Inventory Up
Having dropped a downwardly revised 8.4 percent in January, the seasonally adjusted pace of new single-family home sales in the U.S. ticked down another 2.0 percent in February to an…