Articles Filed Under: Trends

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Mortgage Rates Inch up, Odds of a Hike over 98 Percent

Mortgage Rates Inch up, Odds of a Hike over 98 Percent

The average rate for a benchmark 30-year mortgage has ticked up 4 basis points over the past two weeks to 3.94 percent, which is 47 basis points above the 3.47 percent rate in place at the same time last year, 53 basis points above last year’s low of 3.41... Read More »

Index for Pending Home Sales in the U.S. Hits 31-Month Low

The National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, held at a downwardly revised 106.0 from August to September, which is 3.5 percent lower on a year-over-year basis and the lowest reading since January 2015. The index has dropped 5.6... Read More »

New Home Sales in the U.S. Jump with Inventory at an 8-Year High

New Home Sales in the U.S. Jump with Inventory at an 8-Year High

Having dropped 9.4 percent over the previous two months, the seasonally adjusted rate of new single-family home sales in the U.S. jumped 18.9 percent in September to an annual rate of 667,000 sales which is 17.0 percent above the pace at the same time last year versus 1.2 percent... Read More »

SF and Oakland Rents Down, Relative Premium Up

SF and Oakland Rents Down, Relative Premium Up

Following the trend we first noticed forming twelve months ago, asking rents for apartments in San Francisco and Oakland have dropped over the past year. In fact, based on a comparison of nearly 3,000 listings, the weighted average asking rent for an apartment in San Francisco (including one-off rentals... Read More »

Record Employment in San Francisco and around the Bay

Record Employment in San Francisco and around the Bay

The number of people living in the city of San Francisco with a job jumped by 6,700 in September to a record 555,200, pushing the unemployment rate back down to 2.9 percent. As such, there are now 89,700 more people living in San Francisco with paychecks than there were... Read More »

Pace of Existing U.S. Home Sales Inches up but Median Price Drops

Having dropped 1.7 percent in August, the pace of existing-home sales in the U.S. inched up 0.7 percent in September to a seasonally adjusted annual rate of 5.39 million transactions but is now 1.5 percent lower than at the same time last year and the second lowest pace in... Read More »

Mortgage Rates on the Move as Odds of a Rate Hike Hold

Mortgage Rates on the Move as Odds of a Rate Hike Hold

The average rate for a benchmark 30-year mortgage ticked up another 6 basis points over the past week to 3.91 percent which is 44 basis points above the 3.47 percent rate in place at the same time last year and 50 basis points above last year’s low of 3.41... Read More »

New Condo Sales and Pricing Slip in San Francisco

New Condo Sales and Pricing Slip in San Francisco

The number of purchase contracts signed for new construction condos in San Francisco dropped 59 percent from August (96) to September (39) but were still 44 percent higher versus the 27 signed in September 2016, according to sales data from The Mark Company. And with an average of 23... Read More »

Odds of a Rate Hike Rocket

Odds of a Rate Hike Rocket

The average rate for a benchmark 30-year mortgage inched up 2 basis points over the past week to 3.85 percent, which is now 43 basis points above the 3.42 percent rate in place at the same time last year and 44 basis points above 2016’s 3.41 percent low, according... Read More »

Indexes for Bay Area Home Values Inch Up

Indexes for Bay Area Home Values Inch Up

Having inched up 0.7 percent in June, 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 – gained another 0.6 percent in July as did the index for Bay Area condos, lifting each... Read More »