Articles Filed Under: Trends

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Bay Area Home Sales Hold Despite Fires and SF’s Slip

Bay Area Home Sales Hold Despite Fires and SF’s Slip

Despite the marked impact of the recent wild fires in Sonoma and Napa counties, which resulted in an average 18.7 percent drop in sales activity versus the same time last year, the number of single-family homes and condos that traded hands across the greater Bay Area ticked up 1.9... Read More »

Sales and Pricing Index for New Condos in SF Tick Up

Sales and Pricing Index for New Condos in SF Tick Up

With sales offices for two new developments in San Francisco having opened their doors in October, the number of purchase contracts signed for new construction condos in the city ticked up from 55 in October to 61 in November, nearly doubling the number of contracts signed in November 2016... Read More »

Benchmark Mortgage Rate Holding Under 4 Percent

Benchmark Mortgage Rate Holding Under 4 Percent

The average rate for a benchmark 30-year mortgage has held relatively firm over the past three weeks, slipping a single (1) basis points in the aggregate to 3.94 percent, which is 19 basis points below the 4.13 percent rate in place at the same time last year but 53... Read More »

Rents Dropping for New Apartments in Dogpatch

Rents Dropping for New Apartments in Dogpatch

Back in August, a few months before the first phase of Avalon’s new 326-unit Dogptach development at 800 Indiana Street open its doors, the development was being marketed with studios starting at $2,910 a month; one-bedrooms starting at $3,305; two-bedrooms starting at $4,525; and three-bedrooms priced at $6,979 and... Read More »

Index for Pending U.S. Home Sales Ticks Up, Slips in the West

Having dropped to its lowest level since January of 2015 this past September, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, ticked up 3.5 percent in October to 109.3. With October’s gain, the index remains 0.6 percent lower versus... Read More »

Indexes for Bay Area Home Values Inch Up

Indexes for Bay Area Home Values Inch Up

Having slipped 0.1 percent in August, 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 – inched up 0.5 percent in September while the index for Bay Area condos inched up 0.2 percent.... Read More »

New U.S. Home Sales Above Average, Inventory at an 8-Year High

New U.S. Home Sales Above Average, Inventory at an 8-Year High

Having jumped a downwardly revised 13.2 percent in September, the seasonally adjusted rate of new single-family home sales in the U.S. increased 6.2 percent in October to an annual rate of 685,000 sales which is 18.7 percent above the pace at the same time last year. The October pace... Read More »

Housing Pipeline Holds as Construction Rises in San Francisco

Housing Pipeline Holds as Construction Rises in San Francisco

With new proposals having been submitted to the City for roughly the same number of residential units that finished construction in the second quarter of the year, the overall pipeline of apartments and condos under development in San Francisco is holding around 63,500 having peaked at 63,700 in the... Read More »

Pricing Index for New Condos in SF Slips, Sales Down 50 Percent

Pricing Index for New Condos in SF Slips, Sales Down 50 Percent

With sales offices for two new developments in San Francisco having opened their doors last month, the number of purchase contracts signed for new construction condos in the city increased from 39 in September to 55 October, versus having tripled, on average, from September to October over the previous... Read More »

Pace of Existing U.S. Home Sales and Median Price Tick Up

Having inched up a downwardly revised 0.4 percent in September, the pace of existing-home sales in the U.S. ticked up 2.0 percent in October to a seasonally adjusted annual rate of 5.48 million transactions but remains 0.9 percent lower versus the same time last year. And having slipped 3.3... Read More »