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Articles Recently Tagged: Inventory

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Pace of New Home Sales in the U.S. Jumps, Still Down YOY

Pace of New Home Sales in the U.S. Jumps, Still Down YOY

The seasonally adjusted pace of new single-family home sales in the U.S. jumped 14 percent in September to an annualized rate of 800,000 homes but was down 17.6 percent on a year-over-year basis and still 19 percent lower than at the start of this year with mortgage application volumes... Read More »

Average Asking Rent in San Francisco Slips

Average Asking Rent in San Francisco Slips

Having rebounded a little over 12 percent from May through September, the weighted average asking rent for an apartment in San Francisco slipped a percent in October to $3,375 per month. As such, while the average asking rent in San Francisco is up around 11 percent from its pandemic-era... Read More »

Number of Homes for Sale in San Francisco Inches Down

As projected, the number of homes on the market in San Francisco inched down a (1) percent over the past week to 1,220, down from a high-water mark of 1,240 in 2021 and 2,010, which was a two-decade high, last year. While listed inventory levels are down nearly 40... Read More »

Rebound in Oakland Rents Has Stalled

Rebound in Oakland Rents Has Stalled

Having ticked up in late August, the weighted average asking rent in Oakland has since held at around $2,400 a month, with the average asking rent for a one-bedroom in the city having effectively held at $2,000 a month since the third quarter of last year. As such, while... Read More »

Pace of Existing Home Sales in the U.S. Ascends, But…

Pace of Existing Home Sales in the U.S. Ascends, But…

Having dropped 2.0 percent in August, the seasonally adjusted pace of existing-home sales across the U.S. rose 7.0 percent in September to an annual rate of 6.29 million sales. That being said, sales were down on a year-over-year basis for the second month in a row, dropping 2.3 percent... Read More »

Purchase Mortgage Activity for New Homes in the U.S. Drops

While inventory levels hit a 13-year high in August, and were up over 30 percent on a year-over-year basis, mortgage application volumes to purchase new homes in the U.S. dropped 4 percent in September and were down over 16 percent on a year-over-year basis, according to the Mortgage Bankers... Read More »

Number of Homes for Sale in San Francisco Has Likely Peaked

Number of Homes for Sale in San Francisco Has Likely Peaked

Having inched down a percent over the past week to 1,240, the number of homes on the market in San Francisco, net of new sales, appears to have hit its peak for the year, a move which shouldn’t catch any plugged-in reader’s by surprise. And while inventory levels are... Read More »

Number of Homes on the Market in San Francisco Inches Up

With fewer purchase contracts having been written over the past week than there were properties newly listed for sale, the net number of homes on the market in San Francisco inched up another (1) percent to 1,260, representing the most active inventory since December of last year, 22 percent... Read More »

Mortgage Loan Application Volumes Drop

Mortgage loan application volumes to either purchase or refinance a home in the U.S. dropped 6.9 percent on a seasonally adjusted basis over the past week and were down 7 percent in the absolute, according to the Mortgage Bankers Association. While the overall drop was driven by a 10... Read More »

Number of Homes on the Market in San Francisco Ticks Up

With new listings having outpaced sales over the past week, the net number of homes on the market in San Francisco has ticked up 3 percent to 1,240, representing the most active inventory on the market since the fourth quarter of last year, over 20 percent more inventory than... Read More »