Articles Recently Tagged: Pending Home Sales

(170 posts)

Nearly 50 Percent More Homes on the Market in San Francisco

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 »

Number of Homes on the Market in San Francisco Jumps

Number of Homes on the Market in San Francisco Jumps

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 »

Mortgage Rates Holding Near All-Time Lows

Mortgage Rates Holding Near All-Time Lows

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 »

Drop in Home Sales Driving Inventory Levels Up

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 »

Inventory Levels Poised to Jump in San Francisco

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 »

Home Purchase Activity Ticks Up, Refinancing Activity Slips

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 »

Inventory Levels Up Another 11 Percent in San Francisco

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 »

Benchmark Mortgage Rate Drops to an All-Time Low

Benchmark Mortgage Rate Drops to an All-Time Low

Having inched up last week, the average rate for a benchmark 30-year mortgage has since dropped 10 basis points (0.10 percentage points) and now measures 3.23 percent, which 91 basis points below its mark at the same time last year and a new all-time low by 6 basis points,... Read More »

Pending Home Sales Activity in the U.S. Drops Over 20 Percent

Pending Home Sales Activity in the U.S. Drops Over 20 Percent

Having ticked up 2.4 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, dropped 20.8 percent in March to 88.2, which is 16.3 percent below its mark at the same time last year... Read More »

Number of Homes Listed for Sale in S.F. Up Another 10 Percent

Driven by a sharp decline in new contract activity, the number of homes actively listed for sale in San Francisco has ticked up another 10 percent over the past week to 550. As such, while listed inventory levels in the city are still down 10 percent on a year-over-year... Read More »