Benchmark Mortgage Rate Ticks Back Over 3 Percent
Having slipped back under 3 percent last week, the average rate for a benchmark 30-year mortgage has since ticked up 12 basis points (0.12 percentage points) to 3.10 percent, which…
Mortgage Loan Application Volumes Tick Down
Mortgage loan application volumes to either purchase or refinance a home in the U.S. ticked down 2.8 percent on a seasonally adjusted basis over the past week and were down…
Purchase Activity for New Homes in the U.S. Down 15.2 Percent
While mortgage application activity for new home purchases in the U.S. ticked up 6 percent in October, application volumes were down 15.2 percent on a year-over-year basis according to the…
Number of Homes on the Market in S.F. Down 44 Percent, But…
Having peaked last month, the net number of homes on the market in San Francisco has since dropped 19 percent to 1,020 and listed inventory levels are now 44 percent…
Benchmark Mortgage Rate Inches Back Under 3 Percent
Having dropped 16 basis points (0.16 percentage points) over the past two weeks, the average rate for a benchmark 30-year mortgage has inched back down to 2.98 percent, which is…
A Projected Surplus in San Francisco Housing Production
San Francisco’s Planning Department has completed its first annual “Jobs-Housing Fit” report, a newly required analysis of “the fit between the housing needed by workers of new jobs located in…
Number of Homes on the Market in S.F. Drops, Asking PPSF Too
Following a trend that shouldn’t catch any plugged-in readers by surprise, the net number of homes on the market in San Francisco, which peaked exactly three weeks ago, ticked down…
Asking Rents in San Francisco Tick Down Another Percent
As we first reported last week, the weighted average asking rent for an apartment in San Francisco had slipped a percent in October to $3,375 per month, an average which…
Bonus to Build Shorter Than Allowed Slated for Approval
As we outlined back in 2019 when the plans were being drawn: Plans to level the two-story industrial building at 560 Brannan Street, adjacent to an already approved major development…
Benchmark Mortgage Rate Inches Down, Poised to Rise
The average rate for a benchmark 30-year mortgage inched down 5 basis points (0.05 percentage points) over the past week to 3.09 percent, which is 31 basis points above its…