Articles Filed Under: Trends

(1,784 posts)
Mortgage Rates Hit Two-Year High, Probability of a Hike: 97%

Mortgage Rates Hit Two-Year High, Probability of a Hike: 97%

The average rate for a benchmark 30-year mortgage ticked up another 5 basis points over the past week to 4.13 percent, the highest average rate in over two years and 18 basis points higher than the 3.95 percent rate in place at the same time last year. The average... Read More »

San Francisco Rents Down, Oakland Rents Up

San Francisco Rents Down, Oakland Rents Up

According to a query of over 1,700 active listings for apartments in San Francisco and Oakland, including one-off rentals and units in larger developments, while the weighted average asking rent for an apartment in Oakland (around $2,700 a month) is running 3 percent higher versus the same time last... Read More »

Bay Area Home Sales Drop, Mix Drives Median Price Jump in SF

Bay Area Home Sales Drop, Mix Drives Median Price Jump in SF

While home sales typically tick up in October, the number of Bay Area single-family homes and condos that traded hands (7,500) dropped 5.4 percent from September to October and was 1.5 percent lower versus the same time last year. And in San Francisco, the drops were more dramatic, with... Read More »

Mortgage Rates near Two-Year High, Probability of a Hike: 99%

Mortgage Rates near Two-Year High, Probability of a Hike: 99%

Having rocketed over half a point (51 basis points) over the past three weeks, a move which shouldn’t have caught any plugged-in readers by surprise, the average rate for a benchmark 30-year mortgage now measures 4.08 percent and is within one basis point of a two-year high (4.09 percent... Read More »

Contemporary Pac Heights Condo Reduced to Mid-2015 Price

Contemporary Pac Heights Condo Reduced to Mid-2015 Price

Having sold as new for $699,000 in June of 2012, the one-bedroom Pacific Heights condo #203 at 1840 Washington Street, a steel-framed building “with luxury finishes and timeless modern design,” returned to market listed for $949,000 this past September, a sale at which would have represented total appreciation of 35... Read More »

Pending U.S. Home Sales Eke out a 0.1 Percent Gain

Having ticked up 1.5 percent to a revised 109.9 in September, the National Association of Realtors Pending Home Sales Index, for which 100 denotes an average level of activity, eked out a 0.1 percent gain in October to end the month at 110.0. As such, the index is now... Read More »

Bay Area House Values Slip from Record Highs, Condos Tick Up

Bay Area House Values Slip from Record Highs, Condos Tick Up

While the Case-Shiller Index for single-family home values across the nation gained 0.4 percent from August to September, San Francisco joined Cleveland and Detroit and were the only three major Metropolitan Areas for which the index declined, slipping 0.4 percent, 0.4 percent and 0.1 percent respectively. That being said,... Read More »

Benchmark Mortgage Rate Hits 16-Month High, Hike Nearly Certain

Benchmark Mortgage Rate Hits 16-Month High, Hike Nearly Certain

For the first time this year, the average rate for a benchmark 30-year mortgage is over 4 percent. And having jumped 46 basis points over the past two weeks, a move which shouldn’t have caught any plugged-in readers by surprise, the prevailing 4.03 percent average rate is the highest... Read More »

Pace of New U.S. Home Sales Slips, but Ticks up in the West

Pace of New U.S. Home Sales Slips, but Ticks up in the West

The seasonally adjusted pace of new single-family home sales in the U.S. slipped 1.9 percent in October, from a downwardly revised rate in September, and has dropped 9.5 percent since July. But the current rate of 563,000 sales remains 17.8 percent higher versus the same time last year, down... Read More »

Pace of Existing U.S. Home Sales Ticks Up

Having rebounded 3.2 percent in September, the seasonally adjusted pace of existing-home sales in the U.S. ticked up another 2.0 percent in October to an annual rate of 5.60 million sales, which is 5.9 percent higher versus the same time last year. At the same time, the median resale... Read More »