Number of Homes on the Market in San Francisco Climbs
The number of homes on the market in San Francisco, net of all new sales, either pending or closed, climbed another 8 percent over the past week to 850, representing…
Pending Home Sales in the U.S. Drop, Down 9.5 Percent YOY
Having ticked down 3.8 percent in December, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped…
Pace of New Home Sales in the U.S. Drops, Inventory Up
The seasonally adjusted pace of new single-family home sales in the U.S. dropped 4.5 percent in January to an annualized rate of 801,000 transactions and was down 19.3 percent on…
Benchmark Mortgage Rate Slips, Only 31 Percent Higher YOY
Having jumped nearly 30 percent over the past two months, the average rate for a benchmark 30-year mortgage pulled back 3 basis points (0.03 percentage points) over the past week…
Inventory Levels Are Climbing in San Francisco
Having ticked up 2 percent over the past week, the net number of homes on the market in San Francisco (790) has increased 70 percent since the end of last…
Mortgage Loan Application Volume Drops to a Two-Year Low
With the benchmark 30-year mortgage rate having jumped and lending standards tightening, mortgage loan application volumes to either purchase or refinance a home in the U.S. dropped 13.1 percent on…
Index for Bay Area House Values Gained 18.8 Percent in 2021
Having inched up an upwardly revised 0.6 percent in November, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East…
Pace of Existing Home Sales in the U.S. Ticks Up (But Down)
Having dropped 4.6 percent in December, the seasonally adjusted pace of existing-home sales across the U.S. increased 6.7 percent in January to an annual rate of 6.50 million sales, according…
Purchase Activity for New Homes in the U.S. Is Down
While mortgage application volumes to purchase a new home in the U.S. increased 10 percent from December to January with typical seasonality in play, application volumes were down 12.5 percent…
Benchmark Mortgage Rate Jumps Again, 39 Percent Higher YOY
The average rate for a benchmark 30-year mortgage jumped 23 basis points (0.23 percentage points) over the past week to 3.92 percent, which is 39.5 percent higher than the average…