Articles Filed Under: Trends

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Benchmark Mortgage Drops to One-Year Low, Odds of a Hike: Nil

Benchmark Mortgage Drops to One-Year Low, Odds of a Hike: Nil

Mortgage rates have dropped for the sixth week in a row and the average rate for a benchmark 30-year loan has dropped to 3.65 percent, matching its one-year low and within 6 basis points of its lowest rate since 2013 as concern about a global slowdown and market weakness... Read More »

San Francisco’s Homeless Crisis is Homegrown and a Catch-22

San Francisco’s Homeless Crisis is Homegrown and a Catch-22

As a plugged-in reader points out, the vast majority (71 percent) of the nearly 7,000 homeless now living on the streets or in the shelters of San Francisco once had a permanent residence in the city. Nearly half (49 percent) those who once had a permanent residence in the... Read More »

Mortgage Rate Drops to Nine-Month Low, Odds of a Hike Near Nil

Mortgage Rate Drops to Nine-Month Low, Odds of a Hike Near Nil

Having slipped below 4 percent four weeks ago, the average rate for the benchmark 30-year mortgage dropped to 3.72 percent over the past week as concern about a global slowdown remains and the resultant flight-to-quality continues to drive the 10-year Treasury yield down to its lowest point in nearly... Read More »

Number of Homes for Sale in San Francisco 16 Percent Higher YOY

While the absolute number of homes listed for sale in San Francisco is unchanged versus the same time last week, overall inventory levels are now running 16 percent higher versus the same time last year (YOY), up from 10 percent higher last week and with the typical post-Super Bowl... Read More »

Pending Home Sales Activity in the West Drops below Average

The National Association of Realtors Pending Home Sales Index eked out a revised 0.1 percent gain in December. The Index, for which 100 denotes an average level of activity, now measures 106.8. And while that’s down from the initial report of 106.9 for the month before, the November measurement... Read More »

Bay Area House Values Hit Record High, Condos Slip

Bay Area House Values Hit Record High, Condos Slip

Having ticked up 0.3 percent in November, the Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area is back to the all-time high set in early 2006. The index has gained 61 percent since January 2010 and is now running 11 percent higher versus the same... Read More »

Inventory of Homes for Sale in San Francisco on the Rise

With the typical post-Super Bowl surge still two weeks away, the inventory of homes listed for sale in San Francisco increased 13 percent over the past week as new supply outpaced demand. And while overall inventory levels remain historically low, they’re currently running 10 percent higher versus the same... Read More »

Employment in San Francisco Slips Again While East Bay Gains

Employment in San Francisco Slips Again While East Bay Gains

For the second month in a row, the number of people living in San Francisco with a job slipped. And while it was a nominal drop of a hundred, from 534,700 to 534,600, it was the first December without a gain since 2009 and versus an average December increase... Read More »

Existing U.S. Home Sales Surge

Having tumbled 10.5 percent in November, the seasonally adjusted pace of existing-home sales in the U.S. surged 14.7 percent in December to an annual rate of 5.46 million, up 7.7 percent on a year-over-year basis. As we noted last month, the November tumble was due in part to delayed... Read More »

Bay Area Home Sales Jumped in December

Bay Area Home Sales Jumped in December

Buoyed by closings delayed from the month before as lenders adjusted to new mortgage disclosure rules, the recorded sales volume of single-family homes and condos in San Francisco jumped 19.2 percent from 490 in November to 584 in December, up 23.7 percent versus the same time last year. Sales... Read More »