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Articles Recently Tagged: Pending Home Sales

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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 »

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 »

Pending Home Sales in the U.S. Recovered Last Month, But…

Pending Home Sales in the U.S. Recovered Last Month, But…

Having ticked down 1.8 percent in July, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, recovered 8.1 percent in August for a reading of 119.5. That being said, the index is still down 8.3 percent... Read More »

Number of Homes for Sale in San Francisco Inches Up, Sales Too

The net number of homes for sale in San Francisco inched up another two (2) percent over the past week to a little over 1,200, representing the most active inventory on the market since the fourth quarter of last year, 20 percent more inventory than there was at this... Read More »

Benchmark Mortgage Rate Inches Down

Benchmark Mortgage Rate Inches Down

The average rate for a benchmark 30-year mortgage inched down 2 basis point (0.02 percentage points) over the past week to 2.86 percent, which is effectively even with the prevailing average rate at the same time last year (2.87 percent) and within 21 basis points of its all-time low.... Read More »

Number of Homes for Sale in San Francisco Jumps

With around 400 homes listed for sale in San Francisco over the past week, which is the most new listings in a week in over 15 years, the net number of homes for sale in the city jumped over 30 percent to 1,070, as projected, yielding the most for... Read More »

Mortgage Rates Are Holding, Application Volumes Have Dropped

Mortgage Rates Are Holding, Application Volumes Have Dropped

The average rate for a benchmark 30-year mortgage has inched up a total of 1 basis point (0.01 percentage point) over the past two weeks to 2.88 percent, which is only 2 basis points above the benchmark rate at the same time last year and within 22 basis points... Read More »

Purchase Mortgage Activity Continues to Drop in the U.S.

Mortgage loan application volumes to either purchase or refinance a home in the U.S. dropped another 3 percent over the past week, or a combined 1.9 percent on a seasonally adjusted basis, according to the Mortgage Bankers Association. As such, purchase mortgage activity in the U.S. is back to... Read More »

Home Buying Activity in S.F. Just Slipped Year-Over-Year

As we noted two weeks ago, pending home sales activity in San Francisco, which peaked in April, was on track to drop on a year-over-year basis “within the next few weeks.” And in fact, for the first time since June of last year, there are fewer single-family homes and... Read More »

Pending Home Sales Drop, Inventory Ticking Up

Pending Home Sales Drop, Inventory Ticking Up

Having dropped 1.9 percent in June, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped another 1.8 percent in July to 110.7 and is now down 8.5 percent on a year-over-year basis, a sharp reversal... Read More »