Purchase Mortgage Activity Keeps Ticking Down
Despite a drop in mortgage rates to a six-month low, purchase mortgage application volume in the U.S. ticked down 5 percent on a seasonally adjusted basis over the past two…
Number of Homes on the Market in S.F. Poised to Jump
There were 12 percent fewer homes on the market in San Francisco at the end of 2023 than there were at the end of 2022, driven by a pronounced drop…
Building Slows in S.F. but Pipeline of Potential Development Holds
With values dropping, the cost of capital having jumped, sales down, and developers getting squeezed or even foreclosed upon, the number of net new units of housing under construction across…
Benchmark Mortgage Rate Drops to a Six-Month Low, And…
Having slipped back under 7 percent last week, the average rate for a benchmark 30-year mortgage has since dropped another 28 basis points (0.28 percentage points) to 6.67 percent, which…
Purchase Mortgage Activity Continues to Drop
Despite some misleading headlines making the rounds last week, an uptick in mortgage loan application volume was actually being driven by a jump in refinancing activity, not purchasing, as we…
Pace of Home Sales in San Francisco Drops
The pace of single-family home and condo sales in San Francisco ticked down three points over the past week, with 13 percent fewer homes in contract to be sold than…
Inventory and Asking Prices Tick Down in S.F., Reductions Up
The net number of homes on the market in San Francisco ticked down 8 percent over the past week, driven by typical seasonality, with 9 percent fewer homes on the…
Asking Prices in S.F. Tick Down, Expectation Gap Up
Having dropped over 10 percent from early last year, the asking price per square foot of the homes on the market in San Francisco is now averaging around $970 per…
Pending Home Sales in S.F. Have Dropped Over 50 Percent
The pace of single-family home and condo sales in San Francisco ticked down a few points over the past week, with 14 percent fewer homes in contract to be sold…
Number of Homes on the Market in S.F. Ticks Down, But…
Despite a 20 percent drop in new listing activity over the past week, the net number of homes on the market in San Francisco only ticked down 6 percent as…