CFAH

Articles Filed Under: Trends

(2,814 posts)
Rents in San Francisco Tick up but Still Depressed

Rents in San Francisco Tick up but Still Depressed

The weighted average asking rent for an apartment in San Francisco has ticked up 1.6 percent since the end of August to $3,425 per month. As such, while asking rents in San Francisco are now up a little over 12 percent, on average, since hitting a pandemic-era low in... Read More »

Benchmark Mortgage Rate Jumps Back Above 3 Percent

Benchmark Mortgage Rate Jumps Back Above 3 Percent

The average rate for a benchmark 30-year mortgage jumped 13 basis points (0.13 percentage points) over the past week to 3.01 percent. While 3.02 percent is still historically low, with the 30-year rate having averaged 5.84 percent over the past 30 years, that’s 13 basis points above the average... Read More »

Pending Home Sales in the U.S. Recovered Last Month, But…

Pending Home Sales in the U.S. Recovered Last Month, But…

Having ticked down 1.8 percent in July, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, recovered 8.1 percent in August for a reading of 119.5. That being said, the index is still down 8.3 percent... Read More »

Purchase Mortgage Activity in the U.S. Ticks Down

Overall mortgage loan application volumes to either purchase or refinance a home in the U.S. ticked down 1.1 percent on a seasonally adjusted basis over the past week, according to the Mortgage Bankers Association. And with a two (2) percent drop in purchase mortgage application volume in the absolute,... Read More »

Index Versus Reality for a Russian Hill View Unit

Index Versus Reality for a Russian Hill View Unit

Featuring picture-postcard views, spanning from the Golden Gate Bridge to Alcatraz and far beyond, the renovated unit #3C at 1080 Chestnut Street, which is a classic cooperative building “on one of Russian Hill’s most desirable flat blocks,” with a 24/7 doorman and live-in property manager, was purchased for $3.45... Read More »

Index for Bay Area House Values Ticks Up 1.2 Percent

Index for Bay Area House Values Ticks Up 1.2 Percent

Having gained 2.7 percent in June, 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 1.2 percent in July and effectively held at a year-over-year gain of 22 percent, which... Read More »

Number of Homes for Sale in San Francisco Inches Up, Sales Too

The net number of homes for sale in San Francisco inched up another two (2) percent over the past week to a little over 1,200, representing the most active inventory on the market since the fourth quarter of last year, 20 percent more inventory than there was at this... Read More »

New Home Inventory Up 32 Percent in the U.S., Sales Down

New Home Inventory Up 32 Percent in the U.S., Sales Down

While the seasonally adjusted pace of new single-family home sales in the U.S. ticked up 1.5 percent in August to an annualized rate of 740,000 sales, the current pace of sales is over 24 percent lower than at the same time last year, down 25 percent since the start... Read More »

Expectations for a Rate Hike Have Accelerated

Expectations for a Rate Hike Have Accelerated

Having cited 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 economic outlook” at the end of last year, the dot plot of Federal Open Market Committee (FOMC) participant’s... Read More »

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

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

Having ticked up in July, the seasonally adjusted pace of existing-home sales across the U.S. dropped 2.0 percent in August to an annual rate of 5.88 million sales and was down 1.5 percent on a year-over-year basis, representing the first year-over-year decline in the pace of sales since July... Read More »