Articles Filed Under: Trends

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Proposed Timeline and Route for New Rail Line over the Bay

Proposed Timeline and Route for New Rail Line over the Bay

As envisioned by Cross Bay Transit Partners, which is private affiliation between Facebook and Plenary, in conjunction with the San Mateo County Transit District, the Dumbarton Transportation Project would yield a new high-capacity rail link “between residential neighborhoods in the East Bay and job centers on the San Francisco... Read More »

Inventory Up and Pace of Home Sales Continues to Drop in the U.S.

Inventory Up and Pace of Home Sales Continues to Drop in the U.S.

The seasonally adjusted pace of existing-home sales across the U.S. dropped another 1.2 percent last month to an annual rate of 4.94 million sales, which is 8.5 percent lower versus the same time last year, the third consecutive month-over-month decline and the slowest overall pace of sales since the... Read More »

Number of Homes Listed for Sale in San Francisco Starting to Climb

Number of Homes Listed for Sale in San Francisco Starting to Climb

Muted by the holiday weekend, the net number of homes on the market in San Francisco (615) was relatively unchanged over the past week but remains 28 percent higher than at the same time last year, 76 percent higher than at the same time in 2015 (350) and a... Read More »

Benchmark Mortgage Rate Drops to a One-Year Low, Fears Grow

Benchmark Mortgage Rate Drops to a One-Year Low, Fears Grow

The average rate for a benchmark 30-year mortgage, which hit a 7-year high of 4.94 percent this past November, shed another 4 basis points over the past week and has dropped 4.37 percent, the lowest rate in a year, according to Freddie Mac’s latest Mortgage Market Survey data. At... Read More »

Number of Homes for Sale in SF Inches Up, Pending Sales Down

The number of homes on the market in San Francisco inched up another 2 percent over the past week to 625, which is now 38 percent more than at the same time last year and nearly 80 percent more than in early February 2015. At the same time, the... Read More »

Crypto Fails to Move $6 Million Light House Condo

Crypto Fails to Move $6 Million Light House Condo

Purchased for $6.495 million in April of 2016, the 5,493-square-foot “Light House” condo at 651 Dolores Street, one of four condos within the converted Second Church of Christ Scientist, returned to the market in August of 2017 with a $6.795 million price tag. Reduced to $6.349 million after a... Read More »

Benchmark Mortgage Rate Drops, Odds of Easing Emerge

Benchmark Mortgage Rate Drops, Odds of Easing Emerge

Having dropped to a 9-month low at the beginning of the year, the average rate for a benchmark 30-year mortgage, which hit a 7-year high of 4.94 percent this past November, has inched down another 4 basis points to a 10-month low of 4.41 percent, according to Freddie Mac’s... Read More »

Pipeline of Development and Construction Tick Up in San Francisco

Pipeline of Development and Construction Tick Up in San Francisco

With the number of newly proposed units of housing to be built in San Francisco having outpaced the number of units that recently finished up construction for the fifth quarter in a row, the overall pipeline of apartments and condos under development in San Francisco ticked up to a... Read More »

Inventory Ticks up in San Francisco, Pending Sales Remain Down

While the inventory of homes for sale in San Francisco doesn’t typically start ticking up in earnest until after the Super Bowl has been played, the number of homes for sale in the city has already increased 65 percent since the end of 2018 and is currently running 48... Read More »

Bay Area Home Sales Dropped to Another 11-Year Low

Bay Area Home Sales Dropped to Another 11-Year Low

The number of single-family homes and condos that traded hands across the greater Bay Area totaled 5,341 this past December, that’s down 13.2 percent from November (versus typically ticking up), down 21.6 percent on a year-over-year basis, and the lowest December sales total since 2007, which marks another 11-year seasonal low,... Read More »