While the average rate for a 30-year mortgage inched up 7 basis points over the past week to 3.56 percent, it remains within 15 basis points of a three/six-year low and down 138 basis points (1.38 percentage points or roughly 28 percent) since the fourth quarter of last year.... Read More »

As we noted last week, the year-to-date pace of completed home sales in San Francisco is currently running at an 8-year low. And in addition to being down over 10 percent versus the same time last year, despite a significant drop in mortgage rates over the same period of... Read More »

With July home sales in San Francisco having slipped on a year-over-year basis, sales through the first seven months of 2019 now total a little under 3,200, which is down a little over 7 percent versus 2018 and remains at an 8-year low, despite a significant drop in mortgage... Read More »

Despite mortgage rates having dropped to a near three-year low, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, dropped 2.5 percent in July to 105.6, which is now down 0.3 percent on a year-over-year basis and 6.0 percent below... Read More »

With a typical seasonal nadir now a week away, the number of homes listed for sale in San Francisco has ticked down to 530, which is 4 percent fewer than at the same time last year, driven by a drop in listing activity along with an uptick in sales.... Read More »

With the market’s summertime nadir two weeks away, the number of homes actively listed for sale in San Francisco has dropped to 540, which is 3 percent fewer than at the same time last year, driven by a drop in listing activity along with an uptick in sales. At... Read More »

The number of San Francisco homes that sold in the first half of this year totaled a little under 2,700. That’s down a little over 8 percent versus the roughly 2,900 sales in the first half of 2018 and the fewest first-half sales in San Francisco since 2011 when... Read More »

Having ticked up 1.1 percent in May, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, gained 2.8 percent in June and now measures 108.3, which is 1.6 percent higher on a year-over-year basis but still 3.6 percent below its... Read More »

While the number of homes listed for sale in San Francisco hit a seasonal peak last month, inventory levels have ticked up 16 percent over the past two weeks and are now running 4 percent higher than at the same time last year. At the same time, the percentage... Read More »

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 »