Articles Filed Under: Trends

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Lowest Bay Area Home Sales in 11 Years, Prices Drop

Lowest Bay Area Home Sales in 11 Years, Prices Drop

The number of single-family homes and condos that traded hands across the greater Bay Area totaled 3,857 in January, down 14.9 percent on a year-over-year basis. And in addition to representing another 11-year seasonal low, last month’s sales were an 11-year low in the absolute as well, according to... Read More »

Mortgage Rates Hold

Mortgage Rates Hold

The average rate for a benchmark 30-year mortgage, which hit a 7-year high of 4.94 percent this past November, but has since dropped 59 basis points, was unchanged over the past week, holding at 4.35 percent, which is 8 basis points below its mark at the same time last... Read More »

Pending Home Sales in the U.S. Tick Up, Down Year-Over-Year

Pending Home Sales in the U.S. Tick Up, Down Year-Over-Year

Having dropped 2.2 percent in December, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, ticked up 4.6 percent in January to 103.2 but remains 2.3 percent lower on a year-over-year basis and 8.1 percent below a cyclical high of... Read More »

Indexes for Bay Area Home and Condo Values Continue to Drop

Indexes for Bay Area Home and Condo Values Continue to Drop

Having dropped another 1.4 percent in December, which is the largest month-over-month decline in seven years, 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) shed nearly 3 percent in the fourth quarter of... Read More »

Asking Rents Inch up in San Francisco, Slip in Oakland

Asking Rents Inch up in San Francisco, Slip in Oakland

Having reversed course last year, the weighted average asking rent for an apartment in San Francisco has inched up over the past two months and slipped in Oakland. Including one-off rentals, as well as those in larger developments, the average asking rent for an apartment in San Francisco is... Read More »

Déjà Vu All over Again at the Ritz in San Francisco

Déjà Vu All over Again at the Ritz in San Francisco

Purchased as new for $1.53 million, or roughly $1,284 per square foot, in early 2008, right as the Great Recession was picking up steam, the two-bedroom Ritz-Carlton Residences unit #1702 at 690 Market Street returned to the market in early 2015 priced at $1.75 million. Reduced to $1.65 million... Read More »

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 »