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Articles Recently Tagged: Pending Home Sales

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Pending Home Sales in the U.S. Are Nearing a Decade Low

Pending Home Sales in the U.S. Are Nearing a Decade Low

Having ticked down 1.2 percent in March, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped another 3.9 percent in April to 99.3, which was 9.1 percent lower than at the same time last year,... Read More »

Number of Homes for Sale in San Francisco Climbs

Number of Homes for Sale in San Francisco Climbs

With the pace of home sales in San Francisco having been down around 15 percent on a year-over-year basis over the past month while listing activity is up, the net number of homes on the market in San Francisco climbed another 6 percent over the past week to 1,250,... Read More »

Purchase Mortgage Activity in the U.S. Down over 10 Percent

Having ticked up 2 percent last week, mortgage loan application volume across the U.S. has since dropped 11 percent on both an absolute and seasonally adjusted basis, according to data from the Mortgage Bankers Association, with a 12 percent drop in applications to purchase a home. As such, purchase... Read More »

Number of Homes for Sale in San Francisco Keeps Climbing

Number of Homes for Sale in San Francisco Keeps Climbing

Driven by a pronounced slowdown in the pace of sales, the net number of homes on the market in San Francisco (i.e., listed inventory) ticked up another 8 percent over the past week from what was already an 11-year seasonal high. As such, there are now 30 percent more... Read More »

Pace of Home Sales in San Francisco Drops

Having slipped last month, representing an atypical decline in activity in the midst of the traditional spring buying/selling season and despite posturing that a jump in mortgage rates would spur more activity as buyers rushed to “lock-in at lower rates” and inventory having hit an 11-year seasonal high, the... Read More »

Number of Homes for Sale in San Francisco Up, Sales Down

Having ticked back up to an 11-year seasonal high last week, the net number of homes on the market in San Francisco (i.e., inventory) has since ticked up another 3 percent to 1,070. As such, there are now 24 percent more homes on the market than there were at... Read More »

Pending Home Sales Continue to Drop, Nationally and Locally

Pending Home Sales Continue to Drop, Nationally and Locally

Having “dwindled” 4.1 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 down another 1.2 percent last month to 103.7, which was 8.2 percent lower than at the same time last year... Read More »

Benchmark Mortgage Rate Over 50 Percent Higher YOY

Benchmark Mortgage Rate Over 50 Percent Higher YOY

The average rate for a benchmark 30-year mortgage ticked up another 5 basis points (0.05 percentage points) over the past week to 4.72 percent, which is 159 basis points, or 51 percent, higher than at the same time last year. As such, the 30-year rate is now within 23... Read More »

Pace of Home Sales in San Francisco Slips

The number of single-family homes and condos in contract across San Francisco slipped a percent over the past week, representing an atypical decline in activity in the midst of the spring buying/selling season and despite posturing that a jump in mortgage rates would actually spur more activity as buyers... Read More »

Pending Home Sales Drop, “Fast-Changing Conditions” Ahead

Pending Home Sales Drop, “Fast-Changing Conditions” Ahead

Having dropped 5.7 percent in January, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, “dwindled” another 4.1 percent last month to 104.5, which was 5.4 percent lower than at the same time last year and... Read More »