Short-Term Mortgage Rate Jumps, 30-Year Rate Inches Up
Having dropped to an all-time low of 2.78 percent last week, the average rate for a benchmark 30-year mortgage has since inched up 6 basis points to 2.84 percent but…
Studio Rents Just Dropped to 2011-Era Levels in San Francisco
For the first time since 2011, the average asking rent for a studio apartment in San Francisco has slipped below $2,000 a month, which is down nearly 25 percent since…
Inventory Levels Drop in S.F., Reductions Poised To Rise
As was to be expected, the number of homes on the market in San Francisco, net of new sales and contract activity, both pending and closed, ticked down another 3…
Vacancy Rates Climb in San Francisco
While the vacancy rate for larger, multi-unit apartment buildings in San Francisco had ticked up to around 6 percent in the second quarter of the year, representing around 9,000 vacant…
A Further Refined Pac Heights Victorian Returns
Purchased for $6.1 million in April of 2017, the extensively remodeled and light-filled Victorian at 2838 Sacramento Street, which is a block away from Alta Plaza Park in Pacific Heights,…
The Fed Affirms: No Rate Hikes on the Horizon, Risks Loom
Citing 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 the…
Benchmark Mortgage Rate Slips Under 2.8 Percent
Having dropped to a new all-time low of 2.80 percent two weeks ago, the average rate for a benchmark 30-year mortgage has since inched down another two (2) basis points…
New Spike in Bay Area Unemployment Claims
As we noted last month, the rebound in Bay Area employment has sputtered. And in fact, the number of new unemployment claims filed across the Bay Area, which had been…
Number of Homes on the Market in San Francisco Dips, But…
In a move that shouldn’t catch any plugged-in readers by surprise, the number of homes on the market in San Francisco, net of new sales and contract activity, both pending…
Pending Home Sales in the U.S. Slip
Having jumped to an all-time high in August, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity,…