Pending Home Sales in the U.S. (And S.F.) Are Down
Having ticked down 2.2 percent in November, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped…
Asking Rents in Oakland Tick Up Another 3 Percent
Having increased 7 percent last year, the weighted average asking rent for an apartment in Oakland has ticked up nearly 3 percent over the past few weeks to $2,500 a…
Benchmark Mortgage Rate Holding Near a 2-Year High
The average rate for a benchmark 30-year mortgage inched down one (1) basis points (0.01 percentage points) over the past week to 3.55 percent, which is 78 basis points percent…
New Home Sales Were Down at the End of 2021, Inventory Up
While the seasonally adjusted pace of new single-family home sales in the U.S. increased 11.9 percent from November to December, the annualized rate of 811,000 transactions was down 14.0 percent…
Index for Bay Area House Values Decelerates, Condo Index Slips
Having held in October, 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 –…
Rents in San Francisco Tick Up, Inventory Follows
Having ended last year 8 percent higher than the year before, the weighted average asking rent for an apartment in San Francisco has since ticked up 2.6 percent to $3,400,…
Listings Tick Up in San Francisco with Typical Seasonality in Play
The number of homes on the market in San Francisco, net of all new pending and closed sales, ticked up another 13 percent over the past week to 660. As…
Over 500,000 Bay Area Jobs Have Been Recovered, But…
Having increased by 6,300 in November, the net number of people living in San Francisco with a paycheck ticked up by 2,600 in December to 549,400, dropping the local unemployment…
Pace of Existing Home Sales in the U.S. Drops
Having ticked up 1.9 percent in November, the seasonally adjusted pace of existing-home sales across the U.S. dropped 4.6 percent in December to an annual rate of 6.18 million sales,…
Purchase Activity for New Homes in the U.S. Down, Inventory Up
Despite the fact the number of new homes on the market across the country was at a 13-year high in November, and inventory levels were 39 percent higher than the…