Up on Pacific Avenue But Still Down From 2016
As we outlined back in the first quarter of 2019: The “fabulously located condominium” unit #1 at 1536 Pacific Avenue, which was built in 2009 and “designed to withstand the…
Inventory and Price Cuts Tick Up in San Francisco
The net number of homes on the market in San Francisco (i.e., inventory) ticked up another 3 percent over the past week from what was already an 11-year seasonal high…
Mortgage Rates Inch Up, 30-Year Rate Hits a 670-Week High
As we noted last week, “the yield on the 10-year treasury inched up around 3 basis points since the Fed’s announcement, indicating the near-certain hike was already priced-in and should…
Mortgage Applications Tick Up, ARM Share Nearly Triples
Mortgage loan application volume across the U.S. ticked up 2.0 percent over the past week on a seasonally adjusted basis and 3.0 percent in the absolute, according to data from…
Number of Homes for Sale in San Francisco Keeps Climbing
Driven by a pronounced slowdown in the pace of sales, the net number of homes on the market in San Francisco (i.e., listed inventory) ticked up another 8 percent over…
Pace of Home Sales in San Francisco Drops
Having slipped last month, representing an atypical decline in activity in the midst of the traditional spring buying/selling season and despite posturing that a jump in mortgage rates would spur…
Benchmark Mortgage Rate Climbs, Nearing a 13-Year High
Measured prior to the Fed’s rate hike yesterday, the average rate for a benchmark 30-year mortgage had already jumped another 17 basis points to 5.27 percent, which is 231 basis…
All Eyes on The Fed and Projected Rate Hike(s)
While the Fed has only hiked the target federal funds rate by 25 basis points (0.25 percentage points) from the near zero rate which had been in place since 2018,…
Number of Homes for Sale in San Francisco Up, Sales Down
Having ticked back up to an 11-year seasonal high last week, the net number of homes on the market in San Francisco (i.e., inventory) has since ticked up another 3…
Asking Rents in San Francisco Tick Up
The weighted average asking rent for an apartment in San Francisco ticked back up a (1) percent in April to $3,450 a month which is 13 percent higher than at…