Pending Home Sales in San Francisco Down Nearly 50 Percent
While the net number of homes on the market in San Francisco, i.e., inventory, has been up an average of 26 percent on a year-over-year basis over the past three…
Mortgage Application Volume Plummets
With the benchmark 30-year mortgage rate nearing a 20-year high, mortgage loan application volume plummeted over 14 percent last week, with a 13 percent drop in applications to purchase a…
Inventory Appears to Have Peaked, Reductions Still on the Rise
Driven by a slowdown in new listing activity versus an uptick in the pace of sales, the net number of homes on the market in San Francisco, which is currently…
Inventory Levels Continue to Climb in San Francisco
Having already jumped by 25 percent over the two weeks prior, the net number of homes on the market in San Francisco (i.e., inventory) has since ticked up another 4…
Price Reductions Tick Up in S.F., Price Per Square Foot Down
Driven by a pronounced slowdown in the pace of sales and rising inventory levels, the percentage of homes on the market in San Francisco with an asking price that has…
Number of Homes for Sale in San Francisco Has Jumped
Driven by a pronounced slowdown in the pace of sales, the net number of homes on the market in San Francisco (i.e., inventory) has jumped by 25 percent over the…
Pending Home Sales in S.F. Down 40 Percent to a 5-Year Low
Despite an ongoing surge in the net number of houses and condos listed for sale across San Francisco (i.e., inventory), the number of homes in contract to be sold is…
Number of Homes for Sale in San Francisco Jumps 20 Percent
The fact that the number of homes in contract to be sold in San Francisco dropped another 7 percent over the past week isn’t too surprising considering it was a…
Benchmark Mortgage Rate Has Doubled, Poised to Climb
With purchase demand for existing homes across the nation having already dropped over 20 percent and the pace of new home sales down nearly 30 percent, year-over-year, driven by a…
Pending Home Sales in S.F. Remain Down Over 30 Percent
While the number of homes on the market in San Francisco remains up over 30 percent on a year-over-year basis, as has been the case since early May, the number…