With listing activity having hit a nine-month high in San Francisco following the holiday weekend, and sales activity in the city having ticked down another 3 percent, the number of homes on the market in San Francisco ticked up 16 percent over the past week to 970, which is... Read More »

While the number of homes on the market in San Francisco has ticked up to a six-month high, the number of properties in contract across the city (i.e., pending home sales) has ticked down to a four-month low, having dropped 25 percent since mid-April. At the same time, the... Read More »

Having dropped 4.4 percent in April to 106.2, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, rebounded 8.0 percent in May to 114.7, which was 13.1 percent higher than at the same time last year... Read More »

As we noted last month, with mortgage application volumes across the nation having declined, the National Association of Realtors Pending Home Sales Index was poised to drop despite having ticked up in March. And in fact, the Pending Home Sales Index, a seasonally adjusted index for which 100 denotes... Read More »

Having inched up to 3.00 percent last week, the average rate for a benchmark 30-year mortgage has since inched back down 5 basis points (0.05 percentage points) to 2.95 percent, which is 20 basis points below its mark at the same time last year, 23 basis points lower than... Read More »

With the number of single-family homes and condos that were newly listed for sale in San Francisco having outpaced the number of new purchase contracts that were written over the past week, the net number of homes on the market across the city (i.e., inventory) ticked up 3 percent... Read More »

The net number of single-family homes and condos in contract across San Francisco dropped around 6 percent over the past week, representing the second straight week-over-week decline at a time of the year when the pace of sales typically accelerates. That being said, sales activity is still up around... Read More »

Having dropped over 10 percent in February, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, ticked up 1.9 percent in March to 111.3, ending a six-week decline for the index which peaked at 132.8 in... Read More »

With around 800 homes in contract across San Francisco, sales activity is not only up over 200 percent on a year-over-year basis, but around 60 percent higher than at the end of April in 2019, prior to the pandemic having hit. That being said, net contract activity actually slipped... Read More »

Having inched down 5 basis points last week, the average rate for a benchmark 30-year mortgage has since dropped another 9 basis points to 3.04 percent, which is 27 basis points below its mark at the same time last year and within 40 basis points of its all-time low.... Read More »