Benchmark Mortgage Rate Inches Up, Fed Positioning for a Hike
The average rate for a benchmark 30-year mortgage inched up 1 basis points (0.01 percentage points) over the past week to 3.11 percent, which is 40 basis points above its…
Apples-to-Apples Versus The Index for a Luxury One-Bedroom
Purchased for $1.245 million in May of 2018, the 876-square-foot, one-bedroom unit #23D in the Lumina tower at 201 Folsom Street, “the most premier residential building in San Francisco,” returned…
Index for Bay Area House Values Inches Up, Poised to Turn
Having inched up 0.4 percent in August, 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…
Listed Inventory Down Over 40 Percent in San Francisco, But…
Driven by a seasonal drop in new listing activity, the net number of homes on the market in San Francisco dropped another 9 percent over the past week to 850,…
New Home Inventory Hits a 13-Year High, Sales Down YOY
Having jumped a downwardly revised 7.1 percent in September, the seasonally adjusted pace of new single-family home sales in the U.S. inched up 0.4 percent last month to an annualized…
Mortgage Loan Application Volumes Slip, Down Year-Over-Year
Mortgage loan application volumes to either purchase or refinance a home in the U.S. ticked up 1.8 percent on a seasonally adjusted basis over the past week but slipped 0.1…
Re-Opening of San Francisco’s Economy, November Report
While local bridge traffic is back to around 90 percent of its pre-Covid volume, BART ridership is still down by nearly 80 percent and weekly office attendance within the San…
Pace of Existing Home Sales in the U.S Inches Up, But…
Having ascended 7.0 percent in September, the seasonally adjusted pace of existing-home sales across the U.S. inched up 0.8 percent in October to an annual rate of 6.34 million sales.…
Number of Homes on the Market in S.F. Continues to Drop
The net number of homes on the market in San Francisco dropped another 9 percent over the past week to 930, as was to be expected, and listed inventory levels…
459,000 Bay Area Jobs Have Been Recovered, 192,000 Left to Go
Having increased by an upwardly revised 6,600 in September, the net number of people living in San Francisco with a paycheck increased by 4,200 in October to 540,200, dropping the…