Articles Filed Under: Trends

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Number of Homes on the Market in San Francisco Ticks Up

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, the net number of homes on the market in the city has ticked up 9 percent to 970, which... Read More »

Benchmark Mortgage Rate Inches Down to 2.96 Percent

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 mark at the same time last year, within 31 basis points of its all time low and half the... Read More »

Purchase Loan Activity Continues to Drop in the U.S.

Adjusted for Memorial Day, mortgage loan application volumes across the U.S. dropped 3.1 percent last week, having dropped 4 percent the week prior, and were down 13 percent on an unadjusted basis, according to the Mortgage Bankers Association. And while refinancing activity dropped 5 percent, and was 27 percent... Read More »

Inventory Levels Inch Down in San Francisco, Year-Over-Year

The net number of single-family homes and condos listed for sale in San Francisco (i.e., inventory) inched down 2 percent over the past two weeks to 920, which includes 260 single-family homes and 660 condos. And for the first time since the second quarter of last year, inventory levels... Read More »

Rents in San Francisco Tick Up as Vacancy Rate Drops, But…

Rents in San Francisco Tick Up as Vacancy Rate Drops, But…

Having bottomed out at around $3,050 last month, which shouldn’t have caught any plugged-in readers by surprise, the weighted average asking rent for an apartment in San Francisco has since ticked up around 2 percent to $3,125 per month but is still 24 percent lower than prior to the... Read More »

Pending Home Sales in the U.S. Drop

Pending Home Sales in the U.S. Drop

As we noted last month, with mortgage application volumes across the nation having declined, the National Association of Realtors Pending Home Sales Index was poised to drop despite having ticked up in March. And in fact, the Pending Home Sales Index, a seasonally adjusted index for which 100 denotes... Read More »

Benchmark Mortgage Rate Back Under 3 Percent

Benchmark Mortgage Rate Back Under 3 Percent

Having inched up to 3.00 percent last week, the average rate for a benchmark 30-year mortgage has since inched back down 5 basis points (0.05 percentage points) to 2.95 percent, which is 20 basis points below its mark at the same time last year, 23 basis points lower than... Read More »

Pace of New Home Sales Drops, Inventory Hits a 12-Month High

Pace of New Home Sales Drops, Inventory Hits a 12-Month High

While up nearly 50 percent on a year-over-year basis from its pandemic low, the seasonally adjusted pace of new single-family home sales in the U.S. has dropped 13 percent since the start of the year, including a 5.9 percent drop last month, to an annualized rate of 863,000 sales.... Read More »

Index for Bay Area House Values Climbs, Up 12.2 Percent YOY

Index for Bay Area House Values Climbs, Up 12.2 Percent YOY

Having ticked up 2.1 percent in February, 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 and Peninsula – climbed another 3.2 percent in March.  And as such, the Bay Area index is up 12.2... Read More »

Pace of Sales Slows, Inventory Levels Tick Up in San Francisco

With the number of single-family homes and condos that were newly listed for sale in San Francisco having outpaced the number of new purchase contracts that were written over the past week, the net number of homes on the market across the city (i.e., inventory) ticked up 3 percent... Read More »