Number of Homes for Sale in San Francisco Inches Up, Sales Too
The net number of homes for sale in San Francisco inched up another two (2) percent over the past week to a little over 1,200, representing the most active inventory…
New Home Inventory Up 32 Percent in the U.S., Sales Down
While the seasonally adjusted pace of new single-family home sales in the U.S. ticked up 1.5 percent in August to an annualized rate of 740,000 sales, the current pace of…
Expectations for a Rate Hike Have Accelerated
Having cited an ongoing public health crisis (i.e., the pandemic) that “will continue to weigh on economic activity, employment, and inflation in the near term, and poses considerable risks to…
Pace of Existing Home Sales in the U.S. Drops
Having ticked up in July, the seasonally adjusted pace of existing-home sales across the U.S. dropped 2.0 percent in August to an annual rate of 5.88 million sales and was…
Purchase Mortgage Activity Down 17 Percent for New Homes
While purchase mortgage application volumes for new home purchases across the nation ticked up 9 percent from July to August, application volumes were down 17 percent on a year-over-year basis,…
Number of Homes for Sale in San Francisco Ticks Up
Having jumped last week with the most new listings in over 15 years, which shouldn’t have caught any plugged-in readers by surprise, the net number of homes for sale in…
Bay Area Employment Slipped Last Month
Having jumped by (a downwardly revised) 11,600 in July, the number of people living in San Francisco with a paycheck (529,600) slipped by 2,200 in August. But with 3,700 people…
Benchmark Mortgage Rate Inches Down
The average rate for a benchmark 30-year mortgage inched down 2 basis point (0.02 percentage points) over the past week to 2.86 percent, which is effectively even with the prevailing…
Purchase Mortgage Activity in the U.S. Only Down 12 Percent
Mortgage loan application volumes to either purchase or refinance a home in the U.S. dropped 10 percent in the absolute over the past week but inched up 0.3 percent on…
Apples-To-Apples for a High-End Pacific Heights Condo
Purchased for $2.8 million, or roughly $2,113 per square foot, in May of 2017, the two-bedroom, two-bath unit #503 in The Pacific at 2121 Webster Street returned to the market…