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Articles Recently Tagged: Inventory

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Pace of New Home Sales in the U.S. Has Tanked

Pace of New Home Sales in the U.S. Has Tanked

Having dropped a downwardly revised 7.3 percent in June, the seasonally adjusted pace of new single-family home sales in the U.S. fell another 12.6 percent in July to an annualized rate of 511,000 sales, which is 29.6 percent lower than at the same time last year and the slowest... Read More »

Decline in U.S. Home Sales Is Accelerating, Median Price Drops

Decline in U.S. Home Sales Is Accelerating, Median Price Drops

Having dropped 5.4 percent in June, the seasonally adjusted pace of existing-home sales across the U.S. dropped another 5.9 percent in July to an annual rate of 4.81 million sales, representing the twelfth straight month with a year-over-year decline in sales; the largest year-over-year decline in sales (20.2 percent)... Read More »

Purchase Activity for New Homes in the U.S. Continues to Drop

Purchase Activity for New Homes in the U.S. Continues to Drop

Despite the fact that the number of new homes on the market across the U.S. is over 30 percent higher than at the same time last year, with the most new homes on the market since the second quarter of 2008, mortgage loan application volume to purchase one of... Read More »

Mortgage Applications Drop with Rapidly Drying Up Demand

Having inched up 0.2 percent on a seasonally adjusted basis last week, mortgage loan application volume in the U.S. has since dropped 3.0 percent in the absolute or 2.3 percent on an adjusted basis, with another 2 percent drop in purchase mortgage activity, which was down 18 percent on... Read More »

Number of Homes for Sale in San Francisco Drops, But…

Number of Homes for Sale in San Francisco Drops, But…

Having hit a seasonal peak last month, which shouldn’t have caught any plugged-in readers by surprise, the net number of homes on the market in San Francisco (i.e., inventory) has since dropped a little over 10 percent to 1,140, including a one (1) percent drop over the past week.... Read More »

Over 40% More Sub-Million Dollar Homes on the Market in SF

While the net number of condos and single-family homes listed for sale in San Francisco (1,160) ticked down 2 percent over the past week, as is typical for the first week of August, there are still over 30 percent more homes on the market than there were at the... Read More »

Inventory in San Francisco Is Up 30 Percent, Sales Drop

While the net number of single-family homes and condos for sale in San Francisco inched down a little under a percent over the past week to 1,180, inventory levels typically drop closer to 10 percent at the end of July based on historic seasonality and late summer slowdowns. And... Read More »

Pace of New Home Sales Drops, Median Sale Price Too

Pace of New Home Sales Drops, Median Sale Price Too

Having ticked up a downwardly revised 6.3 percent in May, the seasonally adjusted pace of new single-family home sales in the U.S. dropped 8.3 percent in June to an annualized rate of 590,000 sales, which is effectively the same pace as in April of 2020 when the market came... Read More »

Pending Home Sales in San Francisco Down Over 30 Percent

As we outlined earlier this week, the recent decline in listed inventory levels in San Francisco is being driven by a slowdown in new listing activity versus an increase in sales. And in fact, despite the fact that listed inventory levels in San Francisco have been up over 30... Read More »

Number of Homes for Sale in S.F. Peaks, Reductions Rise

Number of Homes for Sale in S.F. Peaks, Reductions Rise

Driven by a slowdown in new listing activity rather than an uptick in sales, the net number of homes on the market in San Francisco (i.e., inventory) dropped 9 percent over the past week to 1,190 but is still 25 percent higher than at the same time last year,... Read More »