Vacancy Rate in Oakland Drops, Rents Poised to Tick Up
The weighted average asking rent for an apartment in Oakland has been holding at around $2,300 a month over the past few weeks, which is up around 2 percent from…
Inventory Levels in San Francisco Tick Up to a Six-Month High
With the number of homes that were newly listed for sale in San Francisco over the past week having outpaced the number of purchase contracts that were written, the net…
Benchmark Mortgage Rate Inches Back Over 3 Percent
The average rate for a benchmark 30-year mortgage has inched up 9 basis points (0.09 percentage points) over the past week to 3.02 percent, which is the highest average rate…
Pace of New Home Sales Drops, Inventory Hits a 14-Month High
Despite inventory levels having ticked up to a 14-month high, the seasonally adjusted pace of new single-family home sales in the U.S. dropped 5.9 percent last month to an annualized…
Purchase Loan Activity in the U.S. Down 14 Percent YOY
While mortgage loan application volumes across the U.S. inched up 1 percent over the past week, with applications to refinance having ticked up 3 percent, purchase loan activity actually slipped…
Pace of Existing Home Sales Drops to an 11-Month Low
Having slipped another 0.9 percent in May, the seasonally adjusted pace of existing-home sales across the U.S. has dropped to an annual rate of 5.80 million sales, which was 44.6…
Rents Have Ticked Up an Uneven 4 Percent in San Francisco
Having bottomed out in May, the weighted average asking rent for an apartment in San Francisco has since ticked up a little over 4 percent to $3,175 per month, but…
Bay Area Employment Rebounding, But…
Having slipped in April, the number of people living in San Francisco with a paycheck increased by 5,300 in May to 516,300, representing the most employed residents in the city…
Number of Homes on the Market in San Francisco Ticks Up
With the number of homes that were newly listed for sale in San Francisco having outpaced the number of new purchase contracts that were written over the past two weeks,…
Benchmark Mortgage Rate Inches Down to 2.96 Percent
The average rate for a benchmark 30-year mortgage inched down 3 basis points (0.03 percentage points) over the past week to 2.96 percent, which is 25 basis points below its…