Articles Filed Under: Trends

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San Francisco Home Values Slip From All-Time Highs

San Francisco Home Values Slip From All-Time Highs

Single-family home values within the San Francisco MSA slipped 0.9 percent from December to January and condominium values slipped for the second month in a row (down another 0.4 percent), according to the latest S&P Case-Shiller Home Price Index. While San Francisco home values dipped across all tiers of... Read More »

Inventory Of Homes For Sale In San Francisco Ticking Up

With new listings in San Francisco having outpaced sales over the past six weeks, the overall inventory of homes for sale in San Francisco is currently running 8 percent higher versus the same time last year, with the number of single-family homes on the market 22 percent higher, 2... Read More »

Pace Of New Home Sales In The U.S. Gains, Inventory Slips

Pace Of New Home Sales In The U.S. Gains, Inventory Slips

Having slipped a nominal 0.2 percent in January, the seasonally adjusted pace of new single-family home sales in the U.S. jumped 7.8 percent in February to an annual rate of 539,000. New home sales in the U.S. are now running at a pace which is nearly 25 percent higher... Read More »

Pace Of Existing US Home Sales Ticks Up From Nine-Month Low

The seasonally adjusted pace of existing-home sales in the US ticked up 1.2 percent in February to 4.88 million, up from a nine-month low pace of 4.82 million in January. The current pace is 4.7 percent higher versus the same time last year. At the same, the inventory of... Read More »

Over 100K More Employed In San Francisco Than 5 Years Ago

Over 100K More Employed In San Francisco Than 5 Years Ago

On the heels of a typical seasonal dip in January, the estimated number of people living in San Francisco with a job increased by 3,800 to a record 520,500 in February and the unemployment rate in the city is back below 4 percent (3.8).  That’s 19,500 more people living... Read More »

Record High Median Home Price In San Francisco, But Sales Tank

Record High Median Home Price In San Francisco, But Sales Tank

Having hit a record high of $1,072,500 this past November, the median price paid for a home in San Francisco dropped to $885,500 in January but returned to a record high $1,092,500 in February, a 23.4 percent jump over the past month and 15.6 percent higher versus the same time last... Read More »

Mortgage Rates Resume Their Climb

Mortgage Rates Resume Their Climb

Following a slight one-week dip, mortgage rates continued to climb over the past week, with the rate for a conforming 30-year mortgage now averaging 3.86 percent, up 27 basis points over the past five weeks. At this time last year, the 30-year rate averaged 4.37 percent. The 30-year rate,... Read More »

Employment In San Francisco Way Higher Than Previously Thought

Employment In San Francisco Way Higher Than Previously Thought

Following a once-a-year benchmarking, a revision to the data which incorporates additional inputs and refined estimation techniques, the unemployment rate in San Francisco is back above 4 percent. But the estimated number of people living in San Francisco who have a job now measures 516,700. That’s 33,900 higher than... Read More »

Inventory Of Homes For Sale In San Francisco Building

Despite a number of misreports making the rounds about record low inventory levels, the number of properties listed for sale in San Francisco has been ticking up since the beginning of the year and is currently running eleven (11) percent higher versus the same time last year, with the... Read More »

Pending U.S. Home Sales Index Hits 18-Month High

The National Association of Realtors Pending Home Sales Index increased 1.7 percent from December to January.  The index is at its highest point since August 2013 and 8.4 percent higher than at the same time last year. The Pending Home Sales index for the West increased 2.2 percent in... Read More »

Mortgage Rates On The Rise

Mortgage Rates On The Rise

Mortgage rates have ticked up for the third week in a row and the average rate for a conforming 30-year mortgage is currently averaging 3.8 percent, up from 3.59 percent at the beginning of the month. The 30-year rate was 4.37 percent at this time last year. Averaging 6.7... Read More »

Pace Of New Home Sales In The U.S. Slips, Inventory Builds

Pace Of New Home Sales In The U.S. Slips, Inventory Builds

Having jumped 11.6 percent in December, the seasonally adjusted pace of new single-family home sales in the U.S. slipped 0.2 percent to an annual rate of 481,000 sales in January. And while new home sales in the U.S. are running at a pace which is 5.3 percent higher than... Read More »

Top Tier Bay Area Home Values Hit All-Time High, Condos Slip

Top Tier Bay Area Home Values Hit All-Time High, Condos Slip

Single-family home values within the San Francisco MSA ticked up 0.4 percent from November to December and are running 9.3 percent higher on a year-over-year basis, according to the latest S&P Case-Shiller Home Price Index. At the same time, local condominium values slipped 0.5 percent from an all-time high... Read More »

Pace Of U.S. Existing-Home Sales Drops To Nine-Month Low

With fewer existing-home sales recorded in the U.S. last year versus the year before, the seasonally adjusted pace of existing-home sales dropped 4.9 percent in January to 4.82 million, its lowest pace in nine months but 3.2 percent higher than at the same time last year. At the same,... Read More »

SF Home Sales Slowest In Three Years, Bay Area Slowest Since ’08

SF Home Sales Slowest In Three Years, Bay Area Slowest Since ’08

Having hit a record high of $1,072,500 this past November, the median price paid for a home in San Francisco dropped to $949,000 in December and then to $885,500 in January, down 17 percent in two months and a nominal 0.1 percent higher versus the same time last year.... Read More »