Pending Home Sales Hold, Inventory Ticks Up in San Francisco
With the number of single-family homes and condos in contract to be sold in San Francisco having effectively held over the past week in the absolute, down around 40 percent…
It’s Not Exactly Cheap, but It Is Cheaper in San Francisco
As we noted earlier this week, there are over 40 percent fewer homes in contract to be sold in San Francisco than there were at the same time last year…
Sales and Listing Activity Tick Up in San Francisco, Prices Down
While the pace of home sales in San Francisco ticked up over the past week so did new listing activity. As such, overall inventory levels were effectively unchanged in the…
Asking Prices Drop in San Francisco, Inventory Keeps Ticking Up
Despite some misleading industry reports making the round and parroted in the press, the net number of homes on the market in San Francisco ticked up another 2 percent over…
Rents in S.F. Holding Below Pre-Pandemic Levels, Availability Up
The weighted average asking rent for an apartment in San Francisco was unchanged over the past month, holding at around $3,600, which is 5 percent higher than at the same…
Benchmark Mortgage Rate Ticks Up, Odds of a Hike as Well
The average rate for a benchmark 30-year mortgage ticked up, not down, 12 basis points (0.12 percentage point) over the past week to 6.39 percent. As such, the average 30-year…
Home Buying Activity in the U.S. Drops
Having briefly rebounded last week, purchase mortgage application volume for existing homes in the U.S. has since dropped 9 percent in the absolute and 10 percent on a seasonally adjusted…
Number of Homes on the Market in S.F. Trending Up, Sales Down
Having atypically ticked down earlier this month, the net number of single-family homes and condos on the market in San Francisco has since started to tick back up, driven by…
50 Percent More Single-Family Homes on the Market in S.F.
We’ll run the full breakdown on Monday, but having atypically ticked down last week, the net number of single-family homes on the market in San Francisco has since ticked back…
Benchmark Mortgage Rate Holding Firm at Over 6 Percent
The average rate for a benchmark 30-year mortgage effectively held over the past week, inching down 1 basis point (0.01 percentage point) from 6.28 to 6.27 percent. As such, the…