Articles Filed Under: Real Estate Economics

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Year-Over-Year Decline in Existing U.S. Home Sales Is Accelerating

Year-Over-Year Decline in Existing U.S. Home Sales Is Accelerating

While the seasonally adjusted pace of existing-home sales across the U.S. ticked up 1.9 percent in November to an annual rate of 5.32 million sales, the pace is now running 7.0 percent lower versus the same time last year, down from 5.1 percent lower on a year-over-year basis in... Read More »

Nearly 70 Percent More Homes on the Market in San Francisco

While the pace of home sales in San Francisco continues to slow, with fewer than 20 new homes listed for sale in San Francisco over the past week and a typical end of the year culling of unsold listings picking up steam, the number of homes actively listed for... Read More »

Benchmark Mortgage Rate Drops to a Three-Month Low

Benchmark Mortgage Rate Drops to a Three-Month Low

The average rate for a benchmark 30-year mortgage has dropped 18 basis points over the past two weeks to 4.63 percent, which remains 70 basis points above its mark at the same time last year but represents a three-month low, according to Freddie Mac’s latest Mortgage Market Survey data.... Read More »

60 Percent More Homes on the Market in San Francisco

With the holiday slowdown and market seasonality in full swing, the number of homes actively listed for sale in San Francisco has dropped to 715, which is down 25 percent from this past October’s 7-year high in the absolute but 60 percent more than there were at the same... Read More »

Over 50 Percent More Homes on the Market in San Francisco

While the number of homes actively listed for sale in San Francisco peaked at a 7-year high of around 960 this past October and has since ticked down to 775 with typical seasonality in play, there are now 53 percent more homes on the market than there were at... Read More »

Benchmark Mortgage Rate Holding, Odds of a Rate Hike Tick Up

Benchmark Mortgage Rate Holding, Odds of a Rate Hike Tick Up

Having dropped 13 basis points over the past two weeks, the average rate for a benchmark 30-year mortgage is now holding around 4.81 percent, which remains 91 basis points higher than at the same time last year and within 24 basis points of an eight-year high, according to Freddie... 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 »

Index for Bay Area Home Values Holds, Middle Market/Condos Slip

Index for Bay Area Home Values Holds, Middle Market/Condos Slip

Having slipped 0.3 percent in August, 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 – was unchanged in September while the year-over-year gain dropped from 10.6 to 9.9 percent and the middle... 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 »

Asking Rents Slip in San Francisco, Jump in Oakland

Asking Rents Slip in San Francisco, Jump in Oakland

Having ticked down a couple percent last month, the weighted average asking rent for an apartment in San Francisco – including one-off rentals as well as those in larger developments – has slipped another percent and is now running around $4,150 a month, which is around 7 percent below... Read More »