Benchmark Mortgage Rate Over 50 Percent Higher YOY
The average rate for a benchmark 30-year mortgage ticked up another 5 basis points (0.05 percentage points) over the past week to 4.72 percent, which is 159 basis points, or…
Mortgage Activity in the U.S. Continues to Drop
Mortgage loan application volumes in the U.S. dropped another 6.3 percent over the past week on a seasonally adjusted basis and 6 percent in the absolute, according to data from…
Pace of Home Sales in San Francisco Slips
The number of single-family homes and condos in contract across San Francisco slipped a percent over the past week, representing an atypical decline in activity in the midst of the…
Number of Homes for Sale in S.F. Hits an 11-Year Seasonal High
Having hit a 10-year seasonal high last month, the net number of homes on the market in San Francisco (i.e., inventory) has since ticked up another 3 percent, driven by…
Rents Tick Up in San Francisco, Still Well Below Peak
Having slipped around 2 percent in February, the weighted average asking rent for an apartment in San Francisco ticked back up around 2 percent in March to $3,400 month, which…
Benchmark Mortgage Rate Climbs, Nearing an 11-Year High
The average rate for a benchmark 30-year mortgage jumped another 25 basis points (0.25 percentage points) over the past week to 4.67 percent, which is 149 basis points, or nearly…
Asking Rents in Oakland Effectively Held in March
Having ticked down a little over 2 percent in February, the weighted average asking rent for an apartment in Oakland was effectively unchanged in March, holding at just under $2,450…
Purchase Mortgage Activity Inches Up, Down Year-Over-Year
While mortgage loan application volumes in the U.S. dropped another 6.8 percent over the past week on a seasonally adjusted basis and 6 percent in the absolute, the decrease was…
Index for Bay Area House Values Gains, Condos Inch Up
Having ended last year up 18.8 percent, 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…
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S.F.’s Housing Pipeline Back to Within 2 Percent of Peak, But…
The number of units in San Francisco’s housing pipeline increased by nearly 3,000 in the fourth quarter of 2021 to 72,500, which effectively equals the pipeline count in the fourth…