Articles Filed Under: Trends

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Index for Bay Area Home Values Ticks Up, Led by the Middle

Index for Bay Area Home Values Ticks Up, Led by the Middle

Having jumped 2.1 percent in March to a record high, 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 – ticked up another one (1.0) percent in March and is now running 10.9... Read More »

Relative Number of Homes for Sale in San Francisco on the Rise

Speaking of inventory levels, and despite what you might have read elsewhere, while the number of homes on the market in San Francisco has inched down over the past week with normal seasonality in play, there are actually 4 percent more homes on the market right now (710) than... Read More »

Pace of New Home Sales in the U.S. Rebounds, but Not out West

Pace of New Home Sales in the U.S. Rebounds, but Not out West

Having dropped a downwardly revised 3.7 percent in April, the seasonally adjusted pace of new single-family home sales in the U.S. rebounded 6.7 percent in May to annual pace of 689,000 sales which is 14.1 percent higher on a year-over-year basis and 6.0 percent above the long-term average for... Read More »

Pricing Index for New Condos in S.F. Inches Up, Sales Slip

Pricing Index for New Condos in S.F. Inches Up, Sales Slip

Having ticked up 4.5 percent in April, the Mark Company’s pricing index for new condos in San Francisco inched up another 0.4 percent in May and is now running 1.7 percent higher versus the same time last year but remains 11.9 percent below its peak in the third quarter... Read More »

Benchmark Mortgage Rate Slips Post Hike

Benchmark Mortgage Rate Slips Post Hike

With last week’s expected rate hike already priced in, and the 10-year Treasury having dipped following said hike, the average rate for a benchmark 30-year mortgage slipped 5 basis points over the past week to 4.57 percent but remains 67 basis points higher on a year-over-year basis and within... Read More »

Pace of Existing Home Sales in the U.S. Slips, Inventory Ticks Up

Having dropped 2.5 percent in April, the pace of existing-home sales across the U.S. slipped another 0.4 percent in May to a seasonally adjusted annual rate of 5.45 million sales which is now 3.0 percent lower versus the same time last year. At the same time, the inventory of... Read More »

Record Pipeline of Residential Development in San Francisco Grows

Record Pipeline of Residential Development in San Francisco Grows

With the number of newly proposed units of housing to be built in San Francisco having outpaced the number of units that finished up construction, the overall pipeline of apartments and condos under development in San Francisco increased by 2,600 in the first quarter of 2018 to a record... Read More »

Bay Area Employment Inches Up, but Not in San Francisco

Bay Area Employment Inches Up, but Not in San Francisco

While the unemployment rate in San Francisco is holding at a record low 2.1 percent, the number of people living in the city with job has actually dropped by 4,900 to 552,900 since the beginning of the year. And while the estimated change in employment last month was a... Read More »

Mortgage Rates Ticked Up Prior to Yesterday’s Rate Hike

Mortgage Rates Ticked Up Prior to Yesterday’s Rate Hike

While measured prior to the Fed’s announcement yesterday, the average rate for a benchmark 30-year mortgage had ticked up 8 basis points over the past week to 4.62 percent, which is 71 basis points above its average rate of 3.91 percent at the same time last year and within... Read More »

The Fed Institutes Another Rate Hike, Signals Two More This Year

As predicted, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 0.25 percent (25 basis points) and signaling accelerated expectations for two more quarter-point increases by the end of this year, which is one more than previously expected. The Fed dropped... Read More »