Having dropped over 32 percent from March through May, the seasonally adjusted pace of existing-home sales across the U.S. rebounded 20.7 percent in June to an annual rate of 4.72 million sales, according to the National Association of Realtors. That being said, the current pace is still down 11.3... Read More »

Having bottomed out at the end of April, at which point they were down nearly 50 percent on a year-over-year basis, the number of homes in contract to be sold started to rebound in May and turned positive, on a year-over-year basis, last month. In fact, pending home sales... Read More »

Continuing a trend which 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 signings, ticked up another 6 percent over the past week to 1,360, which is now over twice as much inventory as there... Read More »

While an estimated 16,000 San Francisco residents were either newly hired or returned to work last month, for a total of 499,100 employed, there are still 74,800 fewer employed people in the city than there were prior to the pandemic and 66,300 fewer than at the same time last... Read More »

Having hit a 9-year high last week, the number of homes on the market in San Francisco which have undergone at least one official price cut has ticked up another 10 percent in the absolute to 330. As such, there are now over 150 percent more reduced listings on... Read More »

Having inched down another 5 basis points (0.05 percentage points) over the past week, the average rate for a benchmark 30-year mortgage now measures an unprecedented 2.98 percent, which is not only 83 basis points below its historically low mark at the same time last year but the first... Read More »

With the weighted average asking price of renting an apartment in San Francisco already down over 10 percent on a year-over-year basis and continuing to drop, the average price for renting “a room” in San Francisco has just slipped to under $1,600 month. For the purposes of our analysis,... Read More »

As we highlighted last month, offers of complimentary rent have been on the rise in San Francisco.  And with the weakness in San Francisco’s rental market accelerating, and Oakland now following suit, a big landlord is upping their rent concession ante while trying to maintain their advertised/base rents. And... Read More »

Following a trend which 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 signings, has jumped another 10 percent over the past week to 1,290, which is 98 percent more inventory on the market as... Read More »

The percentage of homes on the market in San Francisco which have undergone at least one official price cut has ticked up another two (2) percentage points over the past two weeks to 23 percent, which is three (3) full percentage points, or 15 percent, higher than at the... Read More »