Benchmark Mortgage Rate Slipped Under 7 Percent, But…
The average rate for a benchmark 30-year mortgage ticked down 13 basis points over the past week to 6.95 percent, slipping back under 7 percent but still 125 percent higher…
Refinancing Still Represents a Third of New Mortgage Activity
Having inched down another half a percent over the past week, mortgage loan application volume in the U.S. is holding at a 25-year low, with applications to refinance down 85…
Pending Home Sales in S.F. Down Over 40 Percent YOY
While the net number of homes on the market in San Francisco (i.e., inventory/supply) has been up an average of 24 percent on a year-over-year basis over the past three…
Asking Rents in San Francisco and Oakland Slip, Inventory Up
The weighted average asking rent for an apartment in San Francisco ticked down another (1) percent in October to $3,690 per month and has now ticked down for two months…
Price Cuts Continue to Tick Up in San Francisco
Having peaked a few weeks ago at an effective 12-year high, the net number of homes on the market in San Francisco (i.e., inventory/supply) has since ticked down 1 percent…
Apples To Apples
Design & Architecture
Listings (for sale)
Neighborhoods
RealRecentReductions
Trends
Million Dollar (Plus) Price Cut for a Modern Day Classic Home
Designed by Bruce E. Heiser, 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…
Benchmark Mortgage Rate Surpasses 7 Percent
Having hit a 20-year high of 6.92 percent two weeks ago, the average rate for a benchmark 30-year mortgage has since ticked up another 16 basis points (0.16 percentage points)…
Purchase Mortgage Activity Down Over 40 Percent, Locally Too
Having dropped to a 25-year low last week, mortgage loan application volume in the U.S. has since ticked down another 2 percent, driven by a 3 percent drop in purchase…
Pace of New Home Sales Drops Despite Inventory Gains
Having bounced in August, the seasonally adjusted pace of new single-family home sales in the U.S. dropped 10.9 percent in September to an annualized rate of 603,000 sales, which is…
Breaking News
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Drop in Bay Area House Values Is Really Accelerating
Having dropped 3.5 percent in July, 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…