Having ticked up 1.6 percent in August, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, ticked up another 1.5 percent in September to 108.7. As such, the pace of new contract signings across the U.S. is now 3.9 percent... Read More »

Having dropped 9.0 percent on a year-over-year basis in August, recorded home sales in San Francisco are poised to drop again in September. And that’s despite the fact that September home sales in San Francisco were the lowest in over 15 years in 2018. In fact, if recorded sales... Read More »

With the number of homes newly listed for sale over the past week having outpaced the number of new contracts written, the inventory of homes on the market in San Francisco has ticked up one (1) percent to 1,040, which is 8 percent higher than at the same time... Read More »

Having hit an 8-year high last month, the number of homes on the market in San Francisco has since ticked up another 5 percent to 1,030, which is 6 percent higher than at the same time last year. While the year-over-year gain in inventory levels is still being driven... Read More »

While the number of homes that have traded hands in San Francisco since the start of the year is currently running at an eight-year low, pending sales activity in the city has just inched up on a year-over-year basis for the first time in five months. When we say... Read More »

With August home sales in San Francisco down 9.0 percent versus the same time last year, sales through the first eight months of 2019 totaled just under 3,600, which was down 7.5 percent versus 2018 and another 8-year low, despite a significant drop in mortgage rates since the fourth... Read More »

Having dipped 2.5 percent in July, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, ticked up 1.6 percent in August to 107.3 and the pace of contract signings is now up 2.5 percent on a year-over-year basis but remains... Read More »

While the number of homes listed for sale in San Francisco hit an 8-year high this week, the pace of home sales in the city is still down, both in terms of year-to-date sales and recent contract activity (which remains down around 10 percent versus the same time last... Read More »

Having started to inch up last week, the average rate for a 30-year mortgage has since jumped another 17 basis to 3.73 percent but remains 92 basis points below its mark at the same time last year and within 32 basis points of a three/six-year low. At the same... Read More »

While the number of homes listed for sale in San Francisco just hit an 8-year seasonal high, pending home sales activity in the city remains down. In fact, despite a significant drop in mortgage rates over the same period of time, and both the DJIA and S&P 500 currently... Read More »