Number of Homes for Sale in San Francisco Jumps
With around 400 homes listed for sale in San Francisco over the past week, which is the most new listings in a week in over 15 years, the net number…
New Unemployment Claims Drop but Remain Historically High
The number of new unemployment claims filed across the Bay Area dropped to 126,835 in July, which was the fewest new claims in a month since the pandemic hit, down…
Mortgage Rates Are Holding, Application Volumes Have Dropped
The average rate for a benchmark 30-year mortgage has inched up a total of 1 basis point (0.01 percentage point) over the past two weeks to 2.88 percent, which is…
Purchase Mortgage Activity Continues to Drop in the U.S.
Mortgage loan application volumes to either purchase or refinance a home in the U.S. dropped another 3 percent over the past week, or a combined 1.9 percent on a seasonally…
Home Buying Activity in S.F. Just Slipped Year-Over-Year
As we noted two weeks ago, pending home sales activity in San Francisco, which peaked in April, was on track to drop on a year-over-year basis “within the next few…
Rents in San Francisco Are Up 10 Percent
Despite some recent misreports to the contrary, apartment rents in San Francisco have not risen 18 percent since the start of the year. The weighted average asking rent for an…
Apples-to-Apples Versus The Index for a Luxury Two-Bedroom
Purchased for $1.945 million in April of 2018, the two-bedroom, two-bath unit #27B in the Lumina tower at 201 Folsom Street, which “exemplifies urban luxury,” with high-end finishes and city…
Index for Bay Area House Values Up 22.1 Percent YOY
Having ticked up 2.6 percent in May, 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…
Pending Home Sales Drop, Inventory Ticking Up
Having dropped 1.9 percent in June, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped another…
Delta Variant Stalls the Recovery in San Francisco
To quote a new report from San Francisco’s Office of the Controller and Economic Analysis, “the emergence of the Delta variant has stalled aspects of the city’s economic recovery,” with…