Articles Filed Under: Real Estate Economics

(1,023 posts)
Mortgage Rates Slip, Probability of a Rate Hike Hits 98 Percent

Mortgage Rates Slip, Probability of a Rate Hike Hits 98 Percent

The average rate for a benchmark 30-year mortgage slipped 7 basis points over the past two weeks to 4.53 percent but remains 64 basis points above its mark at the same time last year and within 13 basis points of the seven-year high (4.66 percent) which it hit in... Read More »

Inventory of Homes for Sale in SF and Trend of Those in Contract

Inventory of Homes for Sale in SF and Trend of Those in Contract

While the number of homes listed for sale in San Francisco has ticked down 16 percent since the middle of July with typical seasonality in play, there are 3 percent more homes on the market right now (555) than there were at the same time last year (540) and... Read More »

More Homes for Sale in SF versus Same Time Last Year

While the number of homes on the market in San Francisco has ticked down 12 percent since the middle of July, as is typical for this time of the year, there are actually 5 percent more homes on the market right now (575) than there were at the same... Read More »

Mortgage Rates Tick Up, Short-Term Rate Hits Eight-Year High

Mortgage Rates Tick Up, Short-Term Rate Hits Eight-Year High

The average rate for a benchmark 30-year mortgage has ticked 8 basis points over the past two weeks to 4.60 percent, which is 67 basis points higher on a year-over-year basis and within 6 basis points of its seven-year high of 4.66 percent which it hit in May, according... Read More »

Pace of New Home Sales in the U.S. Slips, Inventory Hits 9-Year High

Pace of New Home Sales in the U.S. Slips, Inventory Hits 9-Year High

Having rebounded a downwardly revised 3.9 percent in May, the seasonally adjusted pace of new single-family home sales in the U.S. dropped 5.3 percent in June to an annual pace of 631,000 sales, which is 2.5 percent below the long-term average for this time of the year but remains... Read More »

Rents in San Francisco Hold, Tick Up in Oakland

Rents in San Francisco Hold, Tick Up in Oakland

Having slipped a nominal 0.3 percent over the past month, the weighted average asking rent for an apartment in San Francisco, including one-off rentals as well as those in larger developments, is now running around $4,230 a month, which is 0.6 percent higher than at the same time last... Read More »

Bay Area Employment Slips, San Francisco Nears Negative Growth

Bay Area Employment Slips, San Francisco Nears Negative Growth

The unemployment rate in San Francisco jumped from 2.1 to 2.7 percent in June as the number of people living in the city with a job dropped by 1,600 to 550,600 while the labor force increased by 1,600 to 565,600. And while there are still 113,900 more people living... Read More »

50 Percent More Homes on the Market in San Francisco versus 2015

50 Percent More Homes on the Market in San Francisco versus 2015

While having slipped 6 percent over the past month with typical seasonality in play, the number of single-family homes and condos actively listed for sale in San Francisco has ticked up 9 percent over the past two weeks to 650, which is 3 percent higher on a year-over-year basis... Read More »

Mortgage Rates Inch up along with Probability of Next Rate Hike

Mortgage Rates Inch up along with Probability of Next Rate Hike

The average rate for a benchmark 30-year mortgage inched up a single (1) basis points over the past week to 4.53 percent, which is 50 basis points higher on a year-over-year basis and within 13 basis points of its seven-year high of 4.66 percent which it hit in May,... Read More »

Benchmark Mortgage Rate Slips, Short-Term Rate Inches Up

Benchmark Mortgage Rate Slips, Short-Term Rate Inches Up

The average rate for a benchmark 30-year mortgage slipped 2 basis points over the past week to 4.55 percent but remains 67 basis points higher on a year-over-year basis and within 11 basis points of the seven-year high of 4.66 percent it hit last month, according to Freddie Mac’s... Read More »