Bay Area Employment Slips
While the number of people living in San Francisco with a paycheck typically ticks up by a few thousand in October with seasonal hiring for the holidays, net employment actually…
Existing Home Sales and Median Price Continue to Drop
Having ticked down in September, the seasonally adjusted pace of existing-home sales across the U.S. dropped 5.9 percent last month to an annual rate of 4.43 million sales, which was…
Benchmark Mortgage Rate Drops, But…
Buoyed by a slowdown in the pace of inflation, the average rate for a benchmark 30-year mortgage dropped 47 basis points over the past week to 6.61 percent but is…
New Home Demand Drops, Average Loan Size Down as Well
While the number of new homes on the market across the nation has surpassed a 14-year high, with over 23 percent more inventory than at the same time last year,…
Purchase Mortgage Activity Down Nearly 50 Percent
While the seasonally adjusted volume of applications to secure a mortgage to purchase a home in the U.S. ticked up 4 percent over the past week, with the benchmark mortgage…
Single-Family Inventory Up in S.F., Reductions as Well
While the net number of homes on the market in San Francisco ticked down 3 percent over the past week with typical seasonality in play, inventory levels are over 30…
Pending Home Sales in San Francisco Down Nearly 50 Percent
Having slipped another percent over the past week, the number of homes in contract to be sold across San Francisco is now 46 percent lower than at the same time…
Benchmark Mortgage Rate Ticks Back Over 7 Percent
While the average rate for a benchmark 30-year mortgage had slipped back under 7 percent last week, said average had been compiled prior to last week’s rate hike by the…
S.F.’s Housing Pipeline Slips but Still Building Above Average
Having hit a record high in the first quarter of this year, the total number of units in San Francisco’s housing pipeline, including affordable units that are slated to be…
Price per Square Foot Keeps Dropping in San Francisco
While the net number of homes on the market in San Francisco (i.e., inventory or supply) ticked down 5 percent over the past week with typical seasonality in play, there…