Articles Filed Under: Trends

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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. At the same time, local condominium values slipped 0.5 percent from an all-time high in November, but remain 10.8 percent higher than at... 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 »

Inventory Up In San Francisco

Slowly but surely, the number of properties listed for sale in San Francisco has been ticking up since the beginning of the year and is currently running two (2) percent higher than at the same time last year, with the number of single-family homes on the market eleven (11)... Read More »

Mortgage Rates Move Up From 21-Month Lows

Mortgage Rates Move Up From 21-Month Lows

Erasing a one week dip to a 21-month low, the average rate for a conforming 30-year mortgage increased from 3.59 percent to 3.69 percent but remains 59 basis points below the 4.28 percent average rate at the same time last year. Averaging 6.7 percent over the past twenty years,... Read More »

Game Changer: Polk Street “SRO” Going Upscale

Game Changer: Polk Street “SRO” Going Upscale

The renovation of the former New Pacific Hotel at Polk and Eddy, a 66-room residential hotel, or “SRO,” which previously served the indigent and otherwise homeless, is nearing completion. And the project is positioning to re-open as “San Francisco’s newest boutique hotel,” dubbed “EPIK.” According to Planning, however, a... Read More »

Mortgage Rates Reverse Course, Drop To 21-Month Lows

Mortgage Rates Reverse Course, Drop To 21-Month Lows

Erasing a one week bump and back to a 21-month low, the average rate for a conforming 30-year mortgage has dropped from 3.66 percent to 3.59 percent, 73 basis points below the 4.32 percent average rate at the same time last year. Averaging 6.7 percent over the past twenty... Read More »

Mortgage Rates Tick Up From 20-Month Lows

Mortgage Rates Tick Up From 20-Month Lows

Having dropped to a 20-month low of 3.63 percent last week, the average rate for a conforming 30-year mortgage has ticked back up to 3.66 percent but remains 66 basis points below the 4.32 percent average rate at the same time last year. Averaging 6.7 percent over the past... Read More »

Pending U.S. Home Sales Slip In December But Up Year-Over-Year

The National Association of Realtors Pending Home Sales Index fell 3.7 percent from November to December but is running 6.1 percent higher than in December 2013, up from 4.1 percent higher on a year-over-year basis the month before. The Pending Home Sales index for the West fell 4.6 percent... Read More »

San Francisco Rents Slip From Record High

The average asking rent for an apartment in San Francisco was $3,392 at the end of 2014, up 11 percent over the past year and 55 percent higher since 2009, but down $8 a month from a record $3,400 in the third quarter of last year. A 0.24 percent... Read More »

Pace Of New U.S. Home Sales Climbs But Remains Below Average

Pace Of New U.S. Home Sales Climbs But Remains Below Average

The seasonally adjusted annual pace of new single-family home sales in the U.S. jumped 11.6 percent in December to an annual rate of 481,000 sales while the November pace was downwardly revised from 438,000 to 431,000. New home sales are now running at a pace which is 8.8 percent... Read More »