Inventory Levels Tick Up in San Francisco, Asking Prices Down
The net number of condos and single-family homes listed for sale in San Francisco (i.e., inventory) ticked up another 3 percent over the past week despite a seasonally driven uptick…
Number of Homes for Sale in San Francisco Trending Up, Sales Down
As we projected, the net number of condos and single-family homes listed for sale in San Francisco (i.e., inventory) continues to climb, having ticked up another 7 percent over the…
Don’t Confuse Seasonality with a Rebound or “Pivot”
At a time of the year when industry folks and the media have been known to conflate basic seasonal trends with a market rebound or “pivot!,” purchase mortgage application volume…
Number of Homes for Sale in S.F. Ticks Up, Asking Prices Down
The net number of condos and single-family homes listed for sale in San Francisco ticked up 4 percent over the past week. While 6 percent lower than at the same…
Purchase Mortgage Activity Down Over 50 Percent from 2022
Despite the average 30-year mortgage rate having dropped a full percentage point over the past quarter and now “stabilizing” above 6 percent, purchase mortgage application volume in the U.S. remains…
Home Sales in San Francisco “Rebound!”
Having dropped to a seven-year low in the absolute earlier this month, despite the average 30-year mortgage rate having dropped a full point, the number of homes in contract to…
Mortgage Rates Inch Down, Probability of Q1 Cut Slips
Having inched up from 6.61 to 6.66 percent over the past two weeks, the average rate for a benchmark 30-year mortgage has since inched back down to 6.60 percent, which…
Mortgage Credit Availability Drops, Lending Standards Tighten
Despite a drop in the benchmark 30-year mortgage rate to only 6.61 percent, the decline of which has since leveled off, mortgage credit availability dropped 4.6 percent in December, with…
Asking Prices in San Francisco Ticking Down
With pending home sales in San Francisco having just dropped to a seven-year low in the absolute and the asking price per square foot of the homes in contract across…
Mortgage Rates Inch Up
Having dropped to a six-month low of 6.61 percent at the end of 2023, the average rate for a benchmark 30-year mortgage has since inched up a (1) basis points…