Articles Filed Under: Trends

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Pending U.S. Home Sales Slip for Second Month in a Row

Having dropped 1.3 percent in April, the National Association of Realtors Pending Home Sales Index, for which 100 denotes an average level of activity, slipped another 0.8 percent in May to an above average 108.5 but is running 1.7 percent lower than the same time last year. In the... Read More »

Indexes for Bay Area Home and Condo Values Hit New Highs

Indexes for Bay Area Home and Condo Values Hit New Highs

Having ticked up an upwardly revised 1.1 percent in March, 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 – gained another 1.5 percent in April and the index for area condos gained... Read More »

Bay Area Home Sales (Mostly) Rebounded in May

Bay Area Home Sales (Mostly) Rebounded in May

Having dropped a downwardly revised 13.0 percent in April, the number of single-family homes and condos that traded hands in San Francisco rebounded 17.2 percent to 560 in May, which is 9.8 percent higher versus the same time last year as compared to 18.0 percent lower on a year-over-year... Read More »

New Home Sales in the U.S. Rebound but Remain below Average

Having shed 11.4 percent in April, the seasonally adjusted rate of new single-family home sales in the U.S. rose 2.9 percent in May to an annual rate of 610,000 sales and is running 8.9 percent above the pace of sales at the same time last year. That being said,... Read More »

Benchmark Mortgage Rate Holds Post Hike

Benchmark Mortgage Rate Holds Post Hike

With the probability of the Fed’s rate hike last week already priced in, the average rate for a benchmark 30-year mortgage barely moved over the past seven days, dropping one (1) basis point to an average rate of 3.90 percent and to within one (1) basis point of the... Read More »

Existing U.S. Home Sales Tick Up, Median Price Hits New High

Having slipped 2.3 percent in April, the pace of existing-home sales in the U.S. ticked up 1.1 percent in May to a seasonally adjusted annual rate of 5.62 million transactions, which is 2.7 percent above the pace at the same time last year. In addition, the median price of... Read More »

Pricing for New Condos in S.F. Slips along with Sales and Inventory

Pricing for New Condos in S.F. Slips along with Sales and Inventory

While sales activity for new condos in San Francisco doubled from April to May with seasonality in play, versus tripling from April to May last year, the number of purchase contracts signed last month (73) was 36 percent lower on a year-over-year basis, according to sales data from The... Read More »

Bay Area Employment Slips, Trending Down in S.F. and Alameda

Bay Area Employment Slips, Trending Down in S.F. and Alameda

On the heels of the weakest first quarter for employment growth since 2009, the number of people living in San Francisco with a job dropped by 1,100 in May to 542,600 versus ticking up by 800 in May of last year and 2,600 in May of 2015. But with... Read More »

Pending U.S. Home Sales Drop, Down Year-Over-Year

Having slipped 0.8 percent in March, the National Association of Realtors Pending Home Sales Index, for which 100 denotes an average level of activity, declined another 1.3 percent in April to 109.8, which is 3.3 percent lower than the same time last year. The year-over-year decline for the national... Read More »

Bay Area Home Values Hit Another High but Gains Really Slow

Bay Area Home Values Hit Another High but Gains Really Slow

Having ticked up 1.1 percent in February to an all-time high, 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 – gained another 1.0 percent in March and the index for area condos... Read More »