Articles Filed Under: Trends

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Benchmark Mortgage Rate Nearly Hits a Two-Year Low

Benchmark Mortgage Rate Nearly Hits a Two-Year Low

The average rate for a 30-year mortgage dropped 17 basis points over the past week and now measures 3.82 percent.  That’s the lowest 30-year rate since the third quarter of 2017 and down over one full percentage point, or 23 percent, since the fourth quarter of last year, according... Read More »

Pace of Home Sales Is Still Down in San Francisco

With the April bump in activity, home sales in San Francisco are only down 6.9 percent on a year-over-year basis through the first four months of the year, marking the slowest start to the local market since 2010. At the same time, while the April bump started to form... Read More »

Asking Rents in San Francisco and Oakland Tick Up

Asking Rents in San Francisco and Oakland Tick Up

With a bit of seasonality in play, the weighted average asking rent for an apartment in San Francisco, including one-off rentals as well as units in larger developments, has ticked up to around $4,250 per month, which is roughly 3 percent above its mark at the same time last... Read More »

Bay Area Home Sales Trending Down, Median Price Unchanged YOY

Bay Area Home Sales Trending Down, Median Price Unchanged YOY

Continuing to follow a trend which shouldn’t catch any plugged-in readers by surprise, while the number of single-family homes and condos that traded hands across the greater Bay Area increased a seasonally driven 13.7 percent from March to April, total sales (6,987) were down 7.6 percent on a year-over-year... Read More »

Pending Home Sales in the U.S. Drop

Pending Home Sales in the U.S. Drop

Having ticked up 3.8 percent in March, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, dropped 1.5 percent last month to 104.3 and is now running 2.0 percent lower on a year-over-year basis and 7.1 percent below a cyclical... Read More »

Benchmark Mortgage Rate Dips Under 4 Percent, Odds of Easing Up

Benchmark Mortgage Rate Dips Under 4 Percent, Odds of Easing Up

Having shed 7 basis points over the past week, the average rate for a 30-year mortgage now measures 3.99 percent, an average rate which is 57 basis points lower than at the same time last year and the first sub-four percent rate since January of 2018, according to Freddie... Read More »

Below Average Returns for Bay Area Homes

Below Average Returns for Bay Area Homes

Having eked out a 0.6 percent gain 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) ticked up 2.1 percent in March.  That being said, the index is still down 1.7 percent... Read More »

Impact of Sea Level Rise on San Francisco Assessed

Impact of Sea Level Rise on San Francisco Assessed

Having already identified the areas of San Francisco that are most vulnerable to a rising sea, San Francisco’s Sea Level Rise Coordinating Committee (SLRCC), which is tasked with developing an interagency understanding of the impact of sea level rise on the city and developing a plan to mitigate its... Read More »

Pace of New Home Sales in the U.S. Drops

Pace of New Home Sales in the U.S. Drops

Having gained an upwardly revised 8.1 percent in March, the pace of new single-family home sales in the U.S. dropped 6.9 percent in April to a seasonally adjusted rate of 673,000 sales but remains 7.0 percent above the pace of sales at the same time last year. With a... Read More »

Pace of Existing Home Sales in the U.S. Down, Inventory Up

Pace of Existing Home Sales in the U.S. Down, Inventory Up

Having dropped 4.9 percent in March, the seasonally adjusted pace of existing-home sales across the U.S. slipped another 0.4 percent in April to an annual rate of 5.19 million transactions, which is 4.4 percent below the pace as measured at the same time last year, according to the National... Read More »