With the number of single-family homes and condos in contract to be sold in San Francisco having effectively held over the past week in the absolute, down around 40 percent on a year-over-year basis, the net number of single-family homes and condos on the market ticked up 3 percent... Read More »

As we noted earlier this week, there are over 40 percent fewer homes in contract to be sold in San Francisco than there were at the same time last year and over 30 percent of the homes that remain on the market have been reduced at least once, including... Read More »

While the pace of home sales in San Francisco ticked up over the past week so did new listing activity.  As such, overall inventory levels were effectively unchanged in the absolute but 10 percent lower than at the same time last year, driven by a drop in the number... Read More »

Despite some misleading industry reports making the round and parroted in the press, the net number of homes on the market in San Francisco ticked up another 2 percent over the past week. While inventory levels are still 2 percent lower than at the same time last year, they’re... Read More »

The weighted average asking rent for an apartment in San Francisco was unchanged over the past month, holding at around $3,600, which is 5 percent higher than at the same time last year but only 1 percent higher since the start of this year, 12 percent lower than prior... Read More »

The average rate for a benchmark 30-year mortgage ticked up, not down, 12 basis points (0.12 percentage point) over the past week to 6.39 percent. As such, the average 30-year rate is now 128 basis points, or 25 percent, higher than at the same time last year and 374... Read More »

Having briefly rebounded last week, purchase mortgage application volume for existing homes in the U.S. has since dropped 9 percent in the absolute and 10 percent on a seasonally adjusted basis, according to application data from the Mortgage Bankers Association. As such, purchase mortgage activity was 36 percent lower... Read More »

Having atypically ticked down earlier this month, the net number of single-family homes and condos on the market in San Francisco has since started to tick back up, driven by an increase in new listing activity along with a decline in sales. As such, listed inventory levels are now... Read More »

We’ll run the full breakdown on Monday, but having atypically ticked down last week, the net number of single-family homes on the market in San Francisco has since ticked back up. In fact, there are now 50 percent more single-family homes listed for sale in San Francisco than there... Read More »

The average rate for a benchmark 30-year mortgage effectively held over the past week, inching down 1 basis point (0.01 percentage point) from 6.28 to 6.27 percent. As such, the average 30-year rate is still 127 basis points, or roughly 25 percent, higher than at the same time last... Read More »