Number of Homes for Sale in San Francisco Drops, But…
Driven by a typical slowdown in new listing activity prior to a holiday weekend, the net number of homes on the market in San Francisco (a.k.a “inventory”) dropped 10 percent…
Premium for Renting in San Francisco Is Ticking Back Up
Having hit $3,500 at the end of May, the weighted average asking rent for an apartment in San Francisco has since ticked up another 2 percent to $3,575 a month,…
Masterfully Remodeled Noe Valley Home Fetches $1,400 Per Foot
Purchased in an off-market sale for $4.988 million or roughly $1,136 per square foot in March of 2019, the “masterfully remodeled,” 4,390-square-foot Noe Valley home at 2430 Castro Street returned…
Purchase Mortgage Activity in the U.S. Down Over 20 Percent
Mortgage loan application volume in the U.S., which dropped to a 22-year low a few weeks ago, inched up 0.7 percent over the past week on a seasonally adjusted basis.…
Index for Bay Area House Values Ticks up 2.2 Percent
Having jumped a downwardly revised 4.3 percent in March, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay,…
Pending Home Sales in the U.S. Inch Up, Drop Year-Over-Year
Having dropped 3.9 percent in April to a near decade low, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average…
Over Twice as Many Homes on the Market in S.F. Than in 2019
Despite a slowdown in the number of homes that have been newly listed for sale over the past month, the net number of homes on the market in San Francisco,…
Pace of New Home Sales in the U.S. Ticks Up, But…
Having dropped 12.0 percent in April, the seasonally adjusted pace of new single-family home sales in the U.S. increased 10.7 percent in May to an annualized rate of 696,000 sales.…
Benchmark Mortgage Rate Crosses Its 30 Year Average
Having inched up another 3 basis points (0.03 percentage points) over the past week to 5.81 percent, which is the highest average 30-year mortgage rate since November of 2008, the…
Pace of Existing Home Sales in the U.S. Continues to Fall
Having dropped 2.4 percent in April, the seasonally adjusted pace of existing-home sales across the U.S. fell another 3.4 percent in May to an annual rate of 5.41 million sales,…