Articles Filed Under: Trends

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Pace of New Home Sales in the U.S. Ended 2019 Up

Pace of New Home Sales in the U.S. Ended 2019 Up

Having ticked down a percent in November, the pace of new single-family home sales in the U.S. slipped 0.4 percent in December to a seasonally adjusted annual rate of 694,000 sales but ended the year at a pace of sales which was 23 percent higher than at the end... Read More »

Inventory Levels Poised to Jump in San Francisco

Inventory Levels Poised to Jump in San Francisco

While the number of homes on the market in San Francisco has stated ticking up, inventory levels are currently running around 15 percent lower than at the same time last year. That being said, the year-over-year decline in inventory levels is currently being driven by an even greater year-over-year... Read More »

Bay Area Employment Slows Its Roll

Bay Area Employment Slows Its Roll

The number of people living in San Francisco with a paycheck was effectively unchanged from November to December and is now holding around a record 580,000 with an unemployment rate of 1.9 percent. As such, there are now 6,200 more people living in the city with paychecks than there... Read More »

Mortgage Rates Drop, Odds of a Cut Tick Up

Mortgage Rates Drop, Odds of a Cut Tick Up

The average rate for a 30-year mortgage has inched down another 4 basis points over the past two weeks to 3.60 percent, which is 85 basis points (0.85 percentage points) below its mark at the same time last year, a 15-week low and within 20 basis points of a... Read More »

Pace of Existing-Home Sales in the U.S. Ended 2019 Up

Pace of Existing-Home Sales in the U.S. Ended 2019 Up

Having dropped 1.7 percent in November, the seasonally adjusted pace of existing-home sales across the U.S. rebounded 3.6 percent in December to an annual rate of 5.54 million sales, which was 10.8 percent above its mark at the end of 2018, according to the National Association of Realtors. At... Read More »

Inventory Levels Start Ticking Up in San Francisco

The number of homes for sale in San Francisco ticked up an above-average 25 percent over the past week for a current listed inventory count of around 400 homes, which is 16 percent lower than at the same time last year but 67 percent higher than in early 2015... Read More »

Timing for Approved Tower About to Be Pushed Back

Timing for Approved Tower About to Be Pushed Back

While the plans for a 40-story, and now 319-unit tower to rise up to 420 feet in height at the intersection of Market, Oak and Van Ness Avenue were approved back in 2017, the signature “One Oak” project has yet to has yet to break ground. And with the... Read More »

Benchmark Mortgage Rate Drops to a 13-Week Low

Benchmark Mortgage Rate Drops to a 13-Week Low

Having started the year down, the average rate for a 30-year mortgage dropped another 8 basis points over the past week to 3.64 percent, which is now 81 basis points (0.81 percentage points) below its mark at the same time last year, a 13-week low and within 24 basis... Read More »

Mortgage Rates Start the Year Down, Little Chance of a Hike

Mortgage Rates Start the Year Down, Little Chance of a Hike

Having held relatively firm over the past three weeks, the average rate for a 30-year mortgage is starting the New Year at 3.73 percent, down 79 basis points (0.79 percentage points) on a year-over-year basis and within 32 basis points of a three/six-year low, according to Freddie Mac’s latest... Read More »

Index for Bay Area Home Values Slips Again Despite National Gains

Index for Bay Area Home Values Slips Again Despite National Gains

Having turned negative two months ago, 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 – has since shed 1.5 percent of its value, an outcome which shouldn’t catch any plugged-in readers by... Read More »