Articles Filed Under: Trends

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Sub-2015 Pricing in the Mission Take Two (or Three)

Sub-2015 Pricing in the Mission Take Two (or Three)

While the list price for the Mission District penthouse unit #504 at 3590 20th Street and Valencia (a.k.a. the “V20” building) has been further reduced to $2.398 million, which is now $197K below the $2.595 million which was paid for three-bedroom condo back in July of 2015, it appears... Read More »

Pending U.S. Home Sales Tick Up, Back above Average in the West

Having shed 3.4 percent over the previous three months, the National Association of Realtors Pending Home Sales Index, for which 100 denotes an average level of activity, ticked up 1.5 percent to an above average 110.2 in June which is 0.5 percent higher versus the same time last year.... Read More »

Bay Area Home Sales and Prices Moved Rather Unevenly in June

Bay Area Home Sales and Prices Moved Rather Unevenly in June

The number of single-family homes and condos that traded hands in San Francisco inched up 0.7 percent from 566 in May to 570 in June versus a typical seasonal gain of closer to 3 percent. And on a year-over-year basis, sales actually slipped a percent versus an 11.0 percent... Read More »

Benchmark Mortgage Rate Back Below 4 Percent

Benchmark Mortgage Rate Back Below 4 Percent

Having ticked up to 4.03 percent two weeks ago, the average rate for a benchmark 30-year mortgage is now back down to 3.92 percent but remains 44 basis points above the 3.48 percent average rate in place at the same time last year and 51 basis points above last... Read More »

New Home Sales in the U.S. Inch up, Inventory Hits Eight-Year High

New Home Sales in the U.S. Inch up, Inventory Hits Eight-Year High

Having gained an upwardly revised 4.9 percent in May, the seasonally adjusted rate of new single-family home sales in the U.S. inched up another 0.8 percent in June to an annual rate of 610,000 sales and is running 9.1 percent above the pace of sales at the same time... Read More »

Top Tier Slips but Indexes for Bay Area Home Values Hit New Highs

Top Tier Slips but Indexes for Bay Area Home Values Hit New Highs

Having gained 1.5 percent in April, 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 – inched up 0.5 percent in May and the index for area condos gained 0.8 percent, lifting each... Read More »

Pace of Existing U.S. Home Sales Slips as Median Hits a New High

Having ticked up 1.1 percent in May, the pace of existing-home sales in the U.S. slipped 1.8 percent to a seasonally adjusted annual rate of 5.52 million transactions in June, which is still 0.7 percent above the pace at the same time last year but the second slowest pace... Read More »

SF Employment Dropped in First Half of 2017, First Time since 2009

SF Employment Dropped in First Half of 2017, First Time since 2009

With no growth in the number of people living in San Francisco with a job last month (542,100), despite an increase in the labor force by 2,800 to 559,800, the unemployment rate in San Francisco ticked up from 2.7 to 3.2 percent in June. And for the first time... Read More »

Pricing Index for New Condos in San Francisco Hits a 3-Year Low

Pricing Index for New Condos in San Francisco Hits a 3-Year Low

While sales activity for new condos in San Francisco dropped 27 percent from May to June with the start of a typical summer slowdown in play, the number of purchase contracts signed last month (53) was 66 percent higher on a year-over-year basis, according to sales data from The... Read More »

Benchmark Mortgage Rate Back over 4 Percent

Benchmark Mortgage Rate Back over 4 Percent

The average rate for a benchmark 30-year mortgage ticked up another 7 basis points over the past week to 4.03 percent and is currently running 61 basis points above the 3.42 percent average rate in place at the same time last year and 12 basis points above the average... Read More »