Articles Filed Under: Trends

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Number of Homes for Sale in SF Inches Up, Pending Sales Down

The number of homes on the market in San Francisco inched up another 2 percent over the past week to 625, which is now 38 percent more than at the same time last year and nearly 80 percent more than in early February 2015. At the same time, the... Read More »

Crypto Fails to Move $6 Million Light House Condo

Crypto Fails to Move $6 Million Light House Condo

Purchased for $6.495 million in April of 2016, the 5,493-square-foot “Light House” condo at 651 Dolores Street, one of four condos within the converted Second Church of Christ Scientist, returned to the market in August of 2017 with a $6.795 million price tag. Reduced to $6.349 million after a... Read More »

Benchmark Mortgage Rate Drops, Odds of Easing Emerge

Benchmark Mortgage Rate Drops, Odds of Easing Emerge

Having dropped to a 9-month low at the beginning of the year, the average rate for a benchmark 30-year mortgage, which hit a 7-year high of 4.94 percent this past November, has inched down another 4 basis points to a 10-month low of 4.41 percent, according to Freddie Mac’s... Read More »

Pipeline of Development and Construction Tick Up in San Francisco

Pipeline of Development and Construction Tick Up in San Francisco

With the number of newly proposed units of housing to be built in San Francisco having outpaced the number of units that recently finished up construction for the fifth quarter in a row, the overall pipeline of apartments and condos under development in San Francisco ticked up to a... Read More »

Inventory Ticks up in San Francisco, Pending Sales Remain Down

While the inventory of homes for sale in San Francisco doesn’t typically start ticking up in earnest until after the Super Bowl has been played, the number of homes for sale in the city has already increased 65 percent since the end of 2018 and is currently running 48... Read More »

Bay Area Home Sales Dropped to Another 11-Year Low

Bay Area Home Sales Dropped to Another 11-Year Low

The number of single-family homes and condos that traded hands across the greater Bay Area totaled 5,341 this past December, that’s down 13.2 percent from November (versus typically ticking up), down 21.6 percent on a year-over-year basis, and the lowest December sales total since 2007, which marks another 11-year seasonal low,... Read More »

Tenant Buyouts Tick Up in San Francisco, Averaged $48K Last Year

Tenant Buyouts Tick Up in San Francisco, Averaged $48K Last Year

Over the past year, a total of 379 buyout agreements between landlords and their tenants were inked and filed with the City, as now required by law. That’s up 13 percent from the 335 buyout agreements filed in 2017 and 18 percent more than the 320 filed in 2016.... Read More »

The Fed Signals Future Rate Hikes Are on Hold

In a move which shouldn’t catch any plugged-in readers by surprise, the Federal Reserve not only failed to raise interest rates today but signaled a more “patient” approach in its adoption of any future hikes. Despite the Fed having previously signaled expectations for two rate hikes this year, traders... Read More »

Pending Home Sales in the U.S. Continue to Drop

Pending Home Sales in the U.S. Continue to Drop

Having declined 0.7 percent in November, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, dropped another 2.2 percent in December to a below-average 99.0 and is now running 9.8 percent lower on a year-over-year basis and 11.8 percent below... Read More »

Indexes for Bay Area Home Values Drop, Condos Hit Particularly Hard

Indexes for Bay Area Home Values Drop, Condos Hit Particularly Hard

Having slipped another 0.7 percent in November, 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 – has shed 1.4 percent over the past quarter and its year-over-year gain has dropped nearly five... Read More »