Articles Recently Tagged: Pending Home Sales

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Reductions on the Rise as Pace of Home Sales Drops in SF

Reductions on the Rise as Pace of Home Sales Drops in SF

While the number of homes listed for sale in San Francisco hit a seasonal peak last month, inventory levels ticked up 12 percent over the past post-holiday week to 650, which is even with the same time last year. At the same time, the percentage of active listings in... Read More »

Pace of Home Sales in San Francisco is Still Down

While some segments are doing better and others worse, the overall pace of home sales is still down in San Francisco. In fact, recorded sales in the first half of the year will be lower on a year-over-year basis. And despite some reports to the contrary, sales in the... Read More »

Pace of Home Sales in San Francisco Continues to Drop

Having turned negative in mid-May, which led to an effective push in recorded home sales for the month, actual contract activity in San Francisco (versus anecdotal reports of “open house traffic”) has dropped over the past month and is currently running 10 percent lower versus the same time last... Read More »

Pending Home Sales Drop in the West but Tick Up Overall

Pending Home Sales Drop in the West but Tick Up Overall

Having dropped 1.5 percent in April, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, ticked up 1.1 percent in May to 105.4 but remains 0.7 percent lower on a year-over-year basis and 6.1 percent below a cyclical high of... Read More »

Number of Homes for Sale in SF Holds, Pending Sales Down

While effectively unchanged over the past week, as expected, the number of homes on the market in San Francisco (710) is now running roughly even with the same time last year. At the same time, pending sales activity in the city remains down and has been running an average... Read More »

Number of Homes for Sale in SF Has Likely Peaked, at Least for Now

Number of Homes for Sale in SF Has Likely Peaked, at Least for Now

While 17 percent higher than at the beginning of the month, the number of homes on the market in San Francisco is now holding at around 700, which is 37 percent higher than in June of 2015 but 3 percent lower than at the same time last year, with the... Read More »

Pace of Home Sales in San Francisco Drops

Down 6.9 percent on a year-over-year basis through the first four months of the year, marking the slowest start to the local market since 2010, home sales in San Francisco ticked up in April. But the pace of sales had already started to slow by early May. And pending... Read More »

Pace of Home Sales Is Still Down in San Francisco

With the April bump in activity, home sales in San Francisco are only down 6.9 percent on a year-over-year basis through the first four months of the year, marking the slowest start to the local market since 2010. At the same time, while the April bump started to form... Read More »

Pending Home Sales in the U.S. Drop

Pending Home Sales in the U.S. Drop

Having ticked up 3.8 percent in March, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, dropped 1.5 percent last month to 104.3 and is now running 2.0 percent lower on a year-over-year basis and 7.1 percent below a cyclical... Read More »

Benchmark Mortgage Rate Dips Under 4 Percent, Odds of Easing Up

Benchmark Mortgage Rate Dips Under 4 Percent, Odds of Easing Up

Having shed 7 basis points over the past week, the average rate for a 30-year mortgage now measures 3.99 percent, an average rate which is 57 basis points lower than at the same time last year and the first sub-four percent rate since January of 2018, according to Freddie... Read More »