Mortgage Rates Inch Up from Record Lows
The average rate for a benchmark 30-year mortgage inched up 10 basis points (0.10 percentage points) over the past week to 2.87 percent, which is still 9 basis points lower…
Asking Rents Tick Up in Oakland, But…
As projected, the weighted average asking rent for an apartment in Oakland has ticked up around 2 percent over the past two months to around $2,340 a month, representing a…
Listings Down in San Francisco, Sales Too
With new listing activity in San Francisco having dropped over 30 percent on a year-over-year basis over the past six weeks, the net number of homes for sale across the…
COVID Test Positive Rate Hits a 15-Month High in S.F. [UPDATED]
The COVID-19 test positivity rate in San Francisco just hit 5.8 percent, which is significantly higher than the 3.7 percent positive rate at the peak of the first wave, in…
Mortgage Rates Keep Inching Down, Another Record Low
The average rate for a benchmark 30-year mortgage inched down 3 basis points (0.03 percentage points) over the past week to 2.77 percent, which is 11 basis points below its…
Purchase Mortgage Activity in the U.S. Down 18 Percent YOY
Mortgage loan application volume in the U.S. slipped 2 percent over the past week according to the Mortgage Bankers Association, and that’s despite the benchmark 30-year mortgage rate having dropped…
Listed Inventory Is Down 40 Percent in San Francisco, But…
Driven by a continued drop in new listing activity, as is typical for this time of the year, the net number of homes for sale across San Francisco ticked down…
COVID Case Rate Spikes in San Francisco, Hospitalizations Jump
While 69 percent of San Francisco residents have been fully vaccinated for COVID-19, and another 7 percent of the population has received their first dose of the vaccine, the Covid-19…
Pending Home Sales Slip Despite an Uptick in Inventory
Having rebounded in May, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity dropped 1.9 percent in…
15-Year Mortgage Rate Drops to a New All-Time Low
While the average rate for a benchmark 30-year mortgage inched up 2 basis points (0.02 percentage points) over the past week to 2.80 percent, it remains 19 basis pointsd below…