Having ascended 7.0 percent in September, the seasonally adjusted pace of existing-home sales across the U.S. inched up 0.8 percent in October to an annual rate of 6.34 million sales. But sales were down 5.8 percent on a year-over-year basis, representing the third straight month of year-over-year declines, the... Read More »

The net number of homes on the market in San Francisco dropped another 9 percent over the past week to 930, as was to be expected, and listed inventory levels are now 45 percent lower than they were at the same time last year. That being said, inventory levels... Read More »

Mortgage loan application volumes to either purchase or refinance a home in the U.S. ticked down 2.8 percent on a seasonally adjusted basis over the past week and were down 4 percent in the absolute, with a 5 percent drop in refinancing activity and a 2 percent drop in... Read More »

While mortgage application activity for new home purchases in the U.S. ticked up 6 percent in October, application volumes were down 15.2 percent on a year-over-year basis according to the Mortgage Bankers Association and despite the fact that inventory levels were up 32.2 percent, year-over-year, and holding at a... Read More »

Having peaked last month, the net number of homes on the market in San Francisco has since dropped 19 percent to 1,020 and listed inventory levels are now 44 percent lower than they were at the same time last year. That being said, inventory levels in San Francisco are... Read More »

Following a trend that shouldn’t catch any plugged-in readers by surprise, the net number of homes on the market in San Francisco, which peaked exactly three weeks ago, ticked down five (5) percent over the past week to 1,150, driven by a slowdown in listing activity versus a jump... Read More »

As we first reported last week, the weighted average asking rent for an apartment in San Francisco had slipped a percent in October to $3,375 per month, an average which has since ticked down to $3,350. At the same time, the number of units listed for rent in the... Read More »

As projected, the number of homes on the market in San Francisco ticked down another percent over the past week to 1,210, having peaked exactly two weeks ago. As such, listed inventory levels in San Francisco are now down 34 percent on a year-over-year basis, from a two-decade high... Read More »

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 »

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 »