Inventory Ticks Up in San Francisco as Home Sales Decline
While the net number of homes on the market in San Francisco had been holding at a seasonally adjusted 10-year high, inventory levels ticked up 7 percent over the past…
Benchmark Mortgage Rate Drops, Poised to Tick Down
Measured prior to yesterday’s quarter-point rate hike by the Fed, the average rate for a benchmark 30-year mortgage had dropped another 18 basis points (0.18 percentage points) over the past…
New Home Sales and Median Sale Price Tick Up, But…
Having been revised down over the past quarter in the absolute, the seasonally adjusted pace of new single-family home sales in the U.S. ticked up 1.1 percent last month to…
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Bay Area Employment Drops, Trending Back Down
Having ended 2022 nearing its pre-pandemic peak, the net number of people living in San Francisco with a paycheck dropped by 5,400 in January to 560,600 as the impact of…
Pending Home Sales in San Francisco Down Nearly 45 Percent
As we outlined yesterday, while the net number of homes on the market in San Francisco (i.e., inventory) is currently unchanged, month-over-month and year-over-year, it’s not due to a jump…
Number of Homes for Sale in S.F. Holds, Reductions Jump
While the net number of homes on the market in San Francisco has held over the past month and now year-over-year, it’s important to understand that the “holding pattern” is…
Benchmark Mortgage Rate Ticks Down to 6.6 Percent, But…
With all the volatility in the financial markets, the average rate for a benchmark 30-year mortgage ticked down 13 basis points (0.13 percentage points) over the past week to 6.60…
Pace of New Home Sales Slips Despite More Activity/Discounts
Driven by discounting and concessions, as home builders are more “motivated to sell homes in their construction pipeline,” versus existing-home owners that might try to hold out for last year’s…
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Another Prestigious High-Rise Unit Drops Below Its 2016 Price
Purchased for $3.195 million in June of 2016, the 1,791-square-foot, three-bedroom, three-bath unit #30E in the LUMINA tower at 338 Main Street failed to resell when listed for only 3…
Mortgage Standards Tighten, Availability Drops to a 10-Year Low
As indexed by the Mortgage Bankers Association, mortgage credit availability in the U.S. dropped to its lowest level since January of 2013, with “all loan types seeing declines in availability…