Having hit its pandemic driven nadir at the end of April, when pending home sales were down nearly 50 percent on a year-over-year basis in San Francisco, the pace of sales started to rebound in mid-May. But the current pace of contract signings is still down over 20 percent... Read More »

Having already dropped over 20 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 21.8 percent in April to 69.0 and is now running 33.8 percent its mark at the same... Read More »

Having hit its pandemic driven nadir at the end of last month, when there were nearly 50 percent fewer pending home sales in San Francisco than at the same time last year, the pace of sales has started to rebound. And in fact, new contract activity over the past... Read More »

Having jumped to a 9-year seasonal high last week, the number of homes on the market in San Francisco has since ticked up another 5 percent to 870, representing 45 percent more inventory than at the same time last year, driven by a dramatic slowdown in sales activity over... Read More »

Driven by a dramatic slowdown in sales while listing activity has since rebounded, the number of homes on the market in San Francisco has jumped 35 percent over the past two weeks to 830, which is 26 percent more than at the same time last year and a 9-year... Read More »

While the average rate for a benchmark 30-year mortgage has inched up 5 basis points (0.05 percentage points) over the past two weeks to 3.28 percent, it’s effectively holding around its all-time low of 3.23 percent and remains 79 basis points below its mark at the same time last... Read More »

In a move which shouldn’t catch any plugged-in readers by surprise, there are now more homes on the market in San Francisco than there were at the same time last year. In fact, inventory levels in the city are approaching a nine-year high which we’ll breakdown next week. And... Read More »

While the number of homes listed for sale in San Francisco plummeted at the end of March, following the issuance of San Francisco’s original stay-at-home order, inventory levels were already back to within 5 percent of their levels at the same time last year as of earlier this week,... Read More »

With the benchmark mortgage rate having dropped to an all-time low of 3.23 percent last week, mortgage application volume in the U.S. inched up 1.0 percent over the past week, with refinancing activity having actually slipped 2 percent and purchase activity having ticked up 6 points, according to the... Read More »

With pending home sales in San Francisco down nearly 50 percent on a year-over-year basis, the number of homes listed for sale in the city has ticked up another 11 percent over the past week and is now north of 600. As such, listed inventory levels are now up... Read More »