Articles Filed Under: Trends

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Pending U.S. Home Sales Tick Up

Pending U.S. Home Sales Tick Up

Having slipped 1 percent in February, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, ticked up 3.8 percent in March to 105.8 but remains 1.2 percent lower on a year-over-year basis and 5.8 percent below a cyclical high of... Read More »

Bay Area Home Sales Are Down, Median Price Has Slipped

Bay Area Home Sales Are Down, Median Price Has Slipped

Following 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 39.4 percent from February to March, total sales (6,124) were down 14.8 percent on a year-over-year basis.  And... Read More »

Number of Homes for Sale in San Francisco Inches Up

With the number of homes newly listed for sale over the past two weeks having outpaced sales, the listed inventory of homes on the market in San Francisco has ticked up 3 percent to 625, which is 2 percent more than at the same time last year and 36... Read More »

Benchmark Mortgage Rate Ticks Up, Odds of an Easing Jumps

Benchmark Mortgage Rate Ticks Up, Odds of an Easing Jumps

The average rate for a 30-year mortgage inched up 3 basis points over the past week to 4.20 percent, which is up 14 basis points since the end of March but 38 basis points below the average rate at the same time last year (4.58 percent), according to Freddie... Read More »

Pace of New Home Sales in the U.S. Is Up, Median Price Down

Pace of New Home Sales in the U.S. Is Up, Median Price Down

Having gained an upwardly revised 5.9 percent in February, the pace of new single-family home sales in the U.S. ticked up another 4.5 percent in March to a seasonally adjusted rate of 692,000 sales which is 3.0 percent above the pace of sales at the same time last year.... Read More »

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

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

Having jumped in February, but failed to gain on a year-over-year basis, the seasonally adjusted pace of existing-home sales across the U.S. dropped 4.9 percent in March to an annual rate of 5.21 million transactions, which is 5.4 percent below the pace as measured at the same time last... Read More »

Bay Area Employment Actually Dropped Last Month

Bay Area Employment Actually Dropped Last Month

Having hit a record high in February, the number of people living in San Francisco with a paycheck, which typically ticks up in March, actually decreased by 3,400 last month to 572,000 and the unemployment rate, which hit a record low of 2.1 percent at the end of last... Read More »

Benchmark Mortgage Rate Ticks Up, Odds of an Easing Slips

Benchmark Mortgage Rate Ticks Up, Odds of an Easing Slips

The average rate for a 30-year mortgage ticked up 5 basis points over the past week to 4.17 percent, which is up 11 basis points since the end of March but remains 30 basis points below the average rate at the same time last year (4.47 percent), according to... Read More »

Pending Home Sales Trend in San Francisco Turns Up

While the number of homes sold in San Francisco will end the first quarter down versus the first quarter of 2018 and around a ten-year low, pending sales activity recently started picking up steam. In fact, for the first time in nearly a year, the number of homes in... Read More »

Number of Homes for Sale in San Francisco Slips

Number of Homes for Sale in San Francisco Slips

While the total number of homes currently listed for sale in San Francisco (610) is now running 1 percent higher than at the same time last year (605), and roughly 45 percent higher than in mid-April 2014 (420), inventory levels have atypically slipped 5 percent over the past month with... Read More »