Purchase Mortgage Activity Drops Despite Decline in Rates
Despite a drop in the average 30-year mortgage rate to a 4-month low, the seasonally adjusted volume of applications to secure a purchase mortgage loan for a home in the…
A Modern Day Classic Fetches Nearly $800K Less
Built in 1970 and since “transformed into a modern day classic,” the 4,057-square-foot West Clay Park home at 164 24th Avenue, which features a mid-century modern vibe and ethos, with…
Index for Bay Area Homes Has Dropped Over 14%, Down YOY
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 down another 1.6…
Listed Inventory Levels Tick Up
As expected, the net number of condos and single-family homes listed for sale in San Francisco ticked up another 7 percent over the past week and is poised to climb,…
Bay Area Population Revised Down, S.F. Shrank the Most
Having just been revised down, the estimated population of San Francisco proper decreased by 4,356 from July of 2021 (838,402) to July of 2022 (834,046) and is down by 36,084…
Pace of New Home Sales Down Over 26 Percent
While the seasonally adjusted pace of new single-family home sales in the U.S. ticked up 2.3 percent last month to an annualized rate of 616,000 sales, the pace was 26.6…
Office Vacancy Rate in Oakland’s City Center Ticks Over 34%
The office vacancy rate in the East Bay, not including Walnut Creek or further east, ticked up to 18.4 percent at the end of last year, roughly double the vacancy…
Number of Homes for Sale in San Francisco Poised to Climb
The net number of condos and single-family homes listed for sale in San Francisco has started its seasonal climb, ticking up a little over 21 percent over the past two…
2022 Ended with Bay Area Employment Nearing Previous Peak
Having atypically dropped in October and November, the net number of people living in San Francisco with a paycheck increased by 5,900 in December to 566,700, ending 2022 with 23,000…
Benchmark Mortgage Rate Drops to a 4-Month Low, But…
The average rate for a benchmark 30-year mortgage dropped 18 basis points (0.18 percentage points) over the past week to 6.15 percent, which is the lowest average rate in fourth…