Home Sales in the U.S. Continue to Drop, Inventory Ticks Up
Having dropped to a 6-month low in March, the seasonally adjusted pace of existing-home sales across the U.S. dropped another 2.7 percent in April to an annual rate of 5.85…
Benchmark Mortgage Rate Inches Up, Short-Term Rate Holds
The average rate for a benchmark 30-year mortgage inched up 6 basis points (0.06 percentage points) over the past week to 3.00 percent but is still 24 basis points below…
Asking Rents in Oakland Inch Up, But…
Having slipped back under $2,300 a month a few weeks ago, the weighted average asking rent for an apartment in Oakland has since inched up around 2 percent to a…
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Pace of Construction in San Francisco Drops, but…
With the number of units of housing that finished up construction across San Francisco at the end of last year having outpaced the number of units for which the ground…
Number of Homes on the Market in San Francisco Ticks Up
Having inched up 2 percent last week, the net number of homes for sale across San Francisco has since ticked up another 4 percent to around 920, which is 10…
Apartment Rents in San Francisco Appear to Have Bottomed
Having continued to inch down last month, the weighted average asking rent for an apartment in San Francisco appears to have bottomed at around $3,050 a month, down around 25…
Benchmark Mortgage Rate Inches Down, Short-Term Rate Drops
The average rate for a benchmark 30-year mortgage inched down another 2 basis points (0.02 percentage points) over the past week to 2.94 percent, which is 34 basis points below…
Value of a Prized View Condo Drops $500K
As we outlined in October of last year: Purchased from the sales office for $3,149,500, or roughly $2,003 per square foot, back in June of 2016, the “highest and largest”…
Bay Area Population Declines, Housing Supply Inches Up
Following a trend that shouldn’t catch any plugged-in reader’s by surprise, the estimated population of San Francisco proper decreased by 14,773 (1.7 percent) in 2020, representing the largest decline across…
Number of Homes for Sale in San Francisco Inches Up
Having ticked down 2 percent last week, the net number of homes for sale across San Francisco has since inched back up 2 percent to around 880, driven by a…