Pace of Home Sales in San Francisco Continues to Drop
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…
Mortgage Rates Inch Up, Odds of More Rate Hikes As Well
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…
2022 Ends with Over 40% More Homes on the Market in S.F.
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…
Average Asking Rent in San Francisco Ended the Year Up, But…
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…
Pending Price per Square Foot Drops to a Five-Year Low in S.F.
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…
Pace of New Home Sales Ticks Up, But…
While the seasonally adjusted pace of new single-family home sales in the U.S. ticked up 5.8 percent in November to an annualized rate of 640,000 sales, the pace was still…
Benchmark Mortgage Rate Inches Down, But…
The average rate for a benchmark 30-year mortgage inched down another 4 basis points (0.04 percentage points) over the past week to 6.27 percent but remains 106 percent higher than…
New Home Demand Down 25 Percent, Average Loan Size Drops
While the number of new homes on the market across the nation is approaching a 15-year high, with over 20 percent more inventory than at the same time last year,…
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Single-Family Home Inventory Is Building Up
While the number of homes listed for sale in San Francisco ticked down 7 percent in the absolute over the past week with typical seasonality in play, there are still…
Rents in San Francisco Drop, Availability Up
Having ticked down a percent in October, the weighted average asking rent for an apartment in San Francisco has since dropped another 3 percent to $3,575 per month and has…