Mortgage loan application volume in the U.S. dropped 4 percent over the past week, or 3.9 percent on a seasonally adjusted basis, according to the Mortgage Bankers Association. While the drop was driven by a 5 percent decrease in refinancing activity, which was down 8 percent on a year-over-year... Read More »

Having ticked down 1 percent over the past week with typical seasonality in play, the net number of homes for sale across the city (880) is still running around 40 percent lower than at the same time last year, but with 65 percent more homes on the market than... Read More »

While the Covid-19 case rate in San Francisco has dropped from a rolling average of over 270 new cases per day on August 2 to an average of 230 new cases a day as of August 5, an average which should drop under 200 within the next few days,... Read More »

The average rate for a benchmark 30-year mortgage inched up 10 basis points (0.10 percentage points) over the past week to 2.87 percent, which is still 9 basis points lower than at the same time last year and within 21 basis points of its all-time low. At the same... Read More »

As projected, the weighted average asking rent for an apartment in Oakland has ticked up around 2 percent over the past two months to around $2,340 a month, representing a total increase of around 3 percent since effectively bottoming in May. That being said, the weighted average asking rent... Read More »

With new listing activity in San Francisco having dropped over 30 percent on a year-over-year basis over the past six weeks, the net number of homes for sale across the city is still 40 percent lower than at the same time last year, but with 50 percent more homes... Read More »

The COVID-19 test positivity rate in San Francisco just hit 5.8 percent, which is significantly higher than the 3.7 percent positive rate at the peak of the first wave, in July of 2020, higher than the 5.4 percent positive rate at the peak of the second wave in January... Read More »

The average rate for a benchmark 30-year mortgage inched down 3 basis points (0.03 percentage points) over the past week to 2.77 percent, which is 11 basis points below its mark at the same time last year and within 12 basis points of the all-time low rate of 2.65... Read More »

Mortgage loan application volume in the U.S. slipped 2 percent over the past week according to the Mortgage Bankers Association, and that’s despite the benchmark 30-year mortgage rate having dropped back under 3 percent and the 15-year rate having hit a new all-time low. And in fact, with both... Read More »

Driven by a continued drop in new listing activity, as is typical for this time of the year, the net number of homes for sale across San Francisco ticked down another 4 percent over the past week to 910. As such, listed inventory levels are now down nearly 40... Read More »