Articles Filed Under: Real Estate Economics

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Number of Homes Listed for Sale in San Francisco Starting to Climb

Number of Homes Listed for Sale in San Francisco Starting to Climb

Muted by the holiday weekend, the net number of homes on the market in San Francisco (615) was relatively unchanged over the past week but remains 28 percent higher than at the same time last year, 76 percent higher than at the same time in 2015 (350) and a... Read More »

Benchmark Mortgage Rate Drops to a One-Year Low, Fears Grow

Benchmark Mortgage Rate Drops to a One-Year Low, Fears Grow

The average rate for a benchmark 30-year mortgage, which hit a 7-year high of 4.94 percent this past November, shed another 4 basis points over the past week and has dropped 4.37 percent, the lowest rate in a year, according to Freddie Mac’s latest Mortgage Market Survey data. At... Read More »

Number of Homes for Sale in SF Inches Up, Pending Sales Down

The number of homes on the market in San Francisco inched up another 2 percent over the past week to 625, which is now 38 percent more than at the same time last year and nearly 80 percent more than in early February 2015. At the same time, the... Read More »

Benchmark Mortgage Rate Drops, Odds of Easing Emerge

Benchmark Mortgage Rate Drops, Odds of Easing Emerge

Having dropped to a 9-month low at the beginning of the year, the average rate for a benchmark 30-year mortgage, which hit a 7-year high of 4.94 percent this past November, has inched down another 4 basis points to a 10-month low of 4.41 percent, according to Freddie Mac’s... Read More »

Inventory Ticks up in San Francisco, Pending Sales Remain Down

While the inventory of homes for sale in San Francisco doesn’t typically start ticking up in earnest until after the Super Bowl has been played, the number of homes for sale in the city has already increased 65 percent since the end of 2018 and is currently running 48... Read More »

Bay Area Home Sales Dropped to Another 11-Year Low

Bay Area Home Sales Dropped to Another 11-Year Low

The number of single-family homes and condos that traded hands across the greater Bay Area totaled 5,341 this past December, that’s down 13.2 percent from November (versus typically ticking up), down 21.6 percent on a year-over-year basis, and the lowest December sales total since 2007, which marks another 11-year seasonal low,... Read More »

The Fed Signals Future Rate Hikes Are on Hold

In a move which shouldn’t catch any plugged-in readers by surprise, the Federal Reserve not only failed to raise interest rates today but signaled a more “patient” approach in its adoption of any future hikes. Despite the Fed having previously signaled expectations for two rate hikes this year, traders... Read More »

Indexes for Bay Area Home Values Drop, Condos Hit Particularly Hard

Indexes for Bay Area Home Values Drop, Condos Hit Particularly Hard

Having slipped another 0.7 percent in November, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – has shed 1.4 percent over the past quarter and its year-over-year gain has dropped nearly five... Read More »

Benchmark Mortgage Rate Levels Off, Probability of a Hike Drops

Benchmark Mortgage Rate Levels Off, Probability of a Hike Drops

Having dropped to a 9-month low two weeks ago, the average rate for a benchmark 30-year mortgage, which hit a 7-year high of 4.94 percent this past November, has been holding at 4.45 percent, which is 30 basis points above its mark at the same time last year, according... Read More »

2018 Ended with Bay Area Employment at a Record High

2018 Ended with Bay Area Employment at a Record High

The number of people living in San Francisco with a job ticked up by 2,000 in December to a record 572,800, roughly matching the December increase in the labor force (1,900) which held the unemployment rate in the city, which hit a record low of 2.1 percent this past... Read More »