Pending U.S. Home Sales Drop, Down in S.F. as Well
Having gained 7.5 percent in October, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, ticked down…
Benchmark Mortgage Rate Ending 2021 Up 44 Bips
The average rate for a benchmark 30-year mortgage inched up 6 basis points (0.06 percentage points) or bips over the past week to 3.11 percent, ending the year 44 basis…
Oakland Rents Increased 7 Percent in 2021 but Still Down
Having ticked up a (1) percent in November, the weighted average asking rent for an apartment in Oakland inched up another 0.4 percent in December to $2,440 a month, which…
Indexes for Bay Area Home Values Hold, Poised to Turn
Having inched up 0.1 percent in September, 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…
Rents in S.F. Increased 8 Percent in 2021, Still Depressed
The weighted average asking rent for an apartment in San Francisco effectively held at $3,325 in December, which is roughly 8 percent higher than at the beginning of the year…
New Home Sales Up and Down, Inventory Climbs
Having dropped a downwardly revised 8.4 percent in October, the seasonally adjusted pace of new single-family home sales in the U.S. increased 12.4 percent in November to an annualized rate…
Mortgage Rates Slip, Slated to Rise
With the Omicron surge rattling the market, driving bond yields down, the average rate for a benchmark 30-year mortgage slipped 7 basis points (0.07 percentage points) over the past week…
Pace of Existing Home Sales Ticks Up, Down Year-Over-Year
Having inched up 0.8 percent in October, the seasonally adjusted pace of existing-home sales across the U.S. ticked up 1.9 percent in November to an annual rate of 6.46 million…
Purchase Mortgage Activity in the U.S. Drops
Having ticked down 3 percent on a seasonally adjusted basis and 6 percent in the absolute, mortgage loan application volumes to purchase a home in the U.S. were down 9…
New Unemployment Claims Near Pre-Pandemic Levels, But…
Having dropped to a pandemic-era low of 51,484 in October, the number of new unemployment claims filed across the Bay Area fell to 36,421 in November, which was within 40…