Articles Filed Under: Bubble (Or Not)

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Up and Down in the Inner Mission Take Two

Up and Down in the Inner Mission Take Two

Purchased for $950,000 in June of 2015, the modern two-bedroom unit #411 at 1875 Mission Street (aka “M@1875”) returned to the market listed for $1,050,000 this past August, a sale at which would have represented total appreciation of 10.5 percent for the “luxurious, stylish and modern top floor [Mission... Read More »

‘Ultra-Premium’ Condo in the Mission Resells at a $300K Loss

‘Ultra-Premium’ Condo in the Mission Resells at a $300K Loss

Purchased for $1.625 million in mid-2015, the two-bedroom Mission District condo #205 in the “V20” building at 3590 20th Street, at the corner of Valencia, was on the market for $1.549 million last year but failed to find a buyer despite the $76K (4.7 percent) discount. Having returned to... Read More »

Pending Home Sales in the U.S. Drop, Well Below Average Out West

Pending Home Sales in the U.S. Drop, Well Below Average Out West

Having inched up 0.5 percent in September, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, declined 2.6 percent in October to 102.1 and is now running 6.7 percent lower on a year-over-year basis and 9.1 percent below last year’s... Read More »

New Home Sales in the U.S. Take a Hit, Inventory Nears 10-Year High

New Home Sales in the U.S. Take a Hit, Inventory Nears 10-Year High

The seasonally adjusted pace of new single-family home sales in the U.S. dropped 8.9 percent in October to an annual pace of 544,000 sales which is 12.0 percent lower on a year-over-year basis and 16.8 percent below the long-term average for this time of the year. At the same... Read More »

44 Percent More Homes on the Market in SF, Sales Still Down

Having peaked at a 7-year high in the absolute last month, the inventory of homes actively listed for sale in San Francisco (870) has dropped 10 percent with typical seasonality in play but is now 44 percent higher versus the same time last year and remains at a 7-year... Read More »

Number of Homes for Sale in SF Remains at a 7-Year Seasonal High

Number of Homes for Sale in SF Remains at a 7-Year Seasonal High

Having hit a 7-year high in the absolute last month, the number of listed homes on the market in the San Francisco has ticked down 3 percent over the past two weeks to 930 but remains 39 percent higher versus the same time last year, 82 percent above its... Read More »

Pending Home Sales in San Francisco Haven’t Rebounded

While Bay Area home sales plunged nearly 20 percent on a year-over-year basis in September, to an 11-year seasonal low, home sales in San Francisco were only down 6.5 percent on a year-over-year basis but totaled the fewest transactions in the month of September in over 15 years. At... Read More »

Bay Area Home Sales Plunge to an 11-Year Seasonal Low

Bay Area Home Sales Plunge to an 11-Year Seasonal Low

The number of single-family homes and condos that traded hands across the greater Bay Area totaled 5,970 in September, down 18.9 percent on a year-over-year basis and the slowest September in terms of sales since 2007, according to recorded sales data from CoreLogic. In San Francisco, recorded sales totaled... Read More »

Pending Home Sales in San Francisco Remain Down

While the inventory of homes for sale in San Francisco is now running 40 percent higher on a year-over-year basis and price cuts are on the rise, the number of homes in contract remains lower versus the same time last year. And in fact, while the year-over-year drop in... Read More »

New Home Sales in the U.S. Drop with Inventory at a 9-Year High

New Home Sales in the U.S. Drop with Inventory at a 9-Year High

Having actually dropped a downwardly revised 3.0 percent in August, the seasonally adjusted pace of new single-family home sales in the U.S. dropped another 5.5 percent in September to an annual pace of 553,000 sales which is 15.1 percent below the long-term average for this time of the year... Read More »