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Articles Filed Under: Trends

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Purchase Mortgage Activity in the U.S. Drops

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 »

Number of Homes for Sale in S.F. Ticks Down, Poised to Jump

Number of Homes for Sale in S.F. Ticks Down, Poised to Jump

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 »

COVID Hospitalizations in S.F. Surpass First Wave High [UPDATED]

COVID Hospitalizations in S.F. Surpass First Wave High [UPDATED]

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 »

Mortgage Rates Inch Up from Record Lows

Mortgage Rates Inch Up from Record Lows

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 »

Asking Rents Tick Up in Oakland, But…

Asking Rents Tick Up in Oakland, But…

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 »

Listings Down in San Francisco, Sales Too

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 »

COVID Test Positive Rate Hits a 15-Month High in S.F. [UPDATED]

COVID Test Positive Rate Hits a 15-Month High in S.F. [UPDATED]

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 »

Mortgage Rates Keep Inching Down, Another Record Low

Mortgage Rates Keep Inching Down, Another Record Low

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 »

Purchase Mortgage Activity in the U.S. Down 18 Percent YOY

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 »

Listed Inventory Is Down 40 Percent in San Francisco, But…

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 »