Articles Filed Under: Trends

(1,931 posts)

Index for Pending U.S. Home Sales Drops, Forecast Downgraded

Having slipped in July, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, dropped 2.6 percent in August to 106.3 which is 2.6 percent below the same time last year and the lowest reading since January 2016. And with the... Read More »

New Home Sales in the U.S. Slip despite More Inventory

Having dropped an upwardly revised 5.6 percent in July, the seasonally adjusted rate of new single-family home sales in the U.S. slipped another 3.4 percent in August to an annual rate of 560,000 sales which is 1.2 percent below the pace at the same time last year. Last month’s... Read More »

San Francisco Home Sales Take a Hit

San Francisco Home Sales Take a Hit

While the number of single-family homes and condos that traded hands in San Francisco proper only dropped 0.8 percent from 485 in July to 481 in August, the sales volume was down 14.0 percent versus the same time last year and the month-over-month decline was muted by a downward... Read More »

Mortgage Rates Tick Up and Odds of a Hike Jump

Mortgage Rates Tick Up and Odds of a Hike Jump

The average rate for a benchmark 30-year mortgage ticked up 5 basis points over the past week to 3.83 percent, the first real rise in rates since early July. The current average rate is now 35 basis points above the 3.48 percent rate in place at the same time... Read More »

Pace of Existing U.S. Home Sales and Median Price Slip Again

Having slipped 1.3 percent in July, the pace of existing-home sales in the U.S. dropped another 1.7 percent in August to a seasonally adjusted annual rate of 5.35 million transactions which is a nominal 0.2 percent higher on a year-over-year basis and the fourth monthly decline in the pace... Read More »

Inventory of Homes for Sale in San Francisco on the Rise

Inventory of Homes for Sale in San Francisco on the Rise

Having hit a seasonal peak in June, as expected, the number of single-family homes and condos listed for sale in San Francisco has jumped an above-average 67 percent since the end of August and totaled 801 at the beginning of this week. While 8 percent lower than at the... Read More »

New Condo Sales Tick Up as Pricing Slips

New Condo Sales Tick Up as Pricing Slips

Boosted by the re-opening of the sales office for the waylaid Hayes Valley development at 555 Fulton Street and some price adjustments at developments around town, the number of purchase contracts signed for new construction condos in San Francisco was 68 percent higher on a year-over-year basis last month... Read More »

Employment in SF Hits Record High but Unemployment Ticks up Too

Employment in SF Hits Record High but Unemployment Ticks up Too

The number of people living in San Francisco with a job inched up by 600 in August to a record 548,500. But with the labor force having grown by 1,000 to 568,300, and the number of unemployed residents having increased to 19,700 (which is the highest tally in a... Read More »

Up and Down in the Inner Mission

Up and Down in the Inner Mission

Purchased for $775,000 in February of 2015, the “amazing” one-bedroom unit #211 at 1875 Mission Street, which is outfitted “high end finishes, hardwood floors, in-unit washer & dryer and 1-car parking space in garage,” has just resold for $832,020. That’s total appreciation of 7.4 percent for the unit... Read More »

Mortgage Rates Continues to Drop along with Odds of a Hike

Mortgage Rates Continues to Drop along with Odds of a Hike

The average rate for a benchmark 30-year mortgage dropped another 4 basis points over the past week to 3.78 percent, which is a new year-to-date low for 2017. At the same time, the current average 30-year rate remains 34 basis points above the 3.44 percent average rate in place... Read More »