Having slipped at the end of last year with typical seasonality in play, the weighted average asking rent for an apartment in San Francisco ticked up 2 percent in January to $3,550 per month, which was less than 5 percent higher than at the same time last year and... Read More »

As expected, the net number of condos and single-family homes listed for sale in San Francisco ticked up another 7 percent over the past week and is poised to climb, with inventory levels 20 percent higher than at the same time last year, including 50 percent more single-family homes,... Read More »

While the seasonally adjusted pace of new single-family home sales in the U.S. ticked up 2.3 percent last month to an annualized rate of 616,000 sales, the pace was 26.6 percent lower than at the end of 2021, 34.7 percent lower than at the end of 2020 and 15.7... Read More »

The net number of condos and single-family homes listed for sale in San Francisco has started its seasonal climb, ticking up a little over 21 percent over the past two weeks and poised to climb. As such, listed inventory levels are starting the year around 20 percent higher than... Read More »

The net number of condos and single-family homes listed for sale in San Francisco ticked up 10 percent over the past week and is currently running 20 percent higher than at the same time last year and 60 percent higher than average over the past decade. At the same... Read More »

Despite the fact that inventory levels are significantly higher and asking prices have dropped, the number of homes in contract to be sold across San Francisco is down over 30 percent on a year-over-year basis. And in fact, pending sales in San Francisco are poised to drop to their... Read More »

While mortgage application volume dropped to a quarter century low at the end of 2022, despite a pullback in mortgage rates in the fourth quarter of last year, the average rate for a benchmark 30-year mortgage has since inched up another 6 basis points (0.06 percentage points) to 6.48... Read More »

Having peaked in October, the net number of homes on the market in San Francisco has since dropped 50 percent with typical seasonality in play and driven by a pronounced slowdown in listing activity versus a jump in sales. In fact, pending sales have been down an average of... Read More »

While the weighted average asking rent for an apartment in San Francisco is ending the year around 5 percent higher than at the end of 2021, it ticked down 2 percent in December to $3,500 per month and dropped 6 percent in the fourth quarter of 2022, “with what... Read More »

With the Case-Shiller index for Bay Area home values, which is a lagging indicator, having shed 13 percent since May and headed down, the average price per square foot of the homes which are in contract in San Francisco, which is a leading indicator, has just dropped under $860... Read More »