Bay Area Unemployment Claims Near Pre-Pandemic Levels
While the number of new unemployment claims filed across the Bay Area inched up in January to 36,803, which was still 24 percent higher than in January of 2020, prior…
Mortgage Loan Application Volumes in the U.S. Drop
Mortgage loan application volumes to either purchase or refinance a home in the U.S. dropped 8 percent on both a seasonally adjusted and absolute basis last week, with purchase activity…
Probability of Eight More Rate Hikes Has Jumped
With the Federal Reserve having raised the target federal funds rate by 25 basis points (0.25 percentage points) last week, representing the first hike from a near zero rate in…
Pace of Existing Home Sales Drops, Inventory Inches Up
Having ticked up 6.7 percent in January, the seasonally adjusted pace of existing-home sales across the U.S. dropped 7.2 percent in February to an annual rate of 6.02 million sales…
Purchase Activity for New Homes in the U.S. Ticks Down
Despite February typically marking the start of the spring home buying season, mortgage application volume to purchase a new home in the U.S. actually ticked down 1 percent in the…
Benchmark Mortgage Rate Rockets Back Over 4 Percent
The average rate for a benchmark 30-year mortgage jumped 31 basis points (0.31 percentage points) over the past week to 4.16 percent, which is 35 percent (107 basis points) higher…
Mortgage Loan Application Volumes Slip, Rate Hikes Pending
Having ticked up last week from a two-year low, mortgage loan application volumes to either purchase or refinance a home in the U.S. have slipped a percent on both a…
Pace of Home Sales in San Francisco Remains Down
As we outlined yesterday, the number of homes on the market in San Francisco has ticked up to a 10-year seasonal high, driven by a slowdown in the pace of…
Number of Homes for Sale in S.F. Hits a 10-Year Seasonal High
Having ticked up another 5 percent over the past week driven by a slowdown in the pace of sales, which is down year-over-year, the net number of homes on the…
Bay Area Employment Slipped in January
Having increased by an upwardly revised 3,400 in December, the net number of people living in San Francisco with a paycheck ticked up by 1,100 in January to (a downwardly…