Articles Filed Under: Trends

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Pace of New U.S. Home Sales Soars Following Downward Revision

Pace of New U.S. Home Sales Soars Following Downward Revision

With the preliminary pace of new single-family home sales in the U.S. having been revised down from a 6.2 percent gain in October to a 1.7 percent decline, the seasonally adjusted rate jumped 17.5 percent from 624,000 October to 733,000 in November, which is 26.6 percent above the pace... Read More »

Pipeline of Residential Development in San Francisco Drops

Pipeline of Residential Development in San Francisco Drops

With the number of new units of housing in San Francisco that finished up construction in the third quarter of the year having outpaced the total of those which were newly proposed, the overall pipeline of apartments and condos under development in the city slipped by roughly 200 to... Read More »

Little Movement in the Benchmark Mortgage Rate

Little Movement in the Benchmark Mortgage Rate

With the downstream impact of the Federal Reserve’s rate hike last week already priced in, the average rate for the benchmark 30-year mortgage was 3.94 percent as of yesterday and effectively unchanged over the past two weeks. As such, the average 30-year rate is now 36 basis points below... Read More »

Pace of Existing U.S. Home Sales Jumps, except in the West

Having ticked up 2.0 percent in October, the overall pace of existing-home sales in the U.S. jumped 5.6 percent in November to a seasonally adjusted annual rate of 5.81 million transactions which was 3.8 percent higher on a year-over-year basis and the strongest pace since December 2006 (no, not... Read More »

Tenant Buyouts of up to $310,000 in San Francisco since 2015

Tenant Buyouts of up to $310,000 in San Francisco since 2015

Since March of 2015, when San Francisco started regulating “buyout agreements” between landlords and their tenants, a total of 772 buyout agreements have been inked and reported, as mapped above. While the highest reported buyout totaled $310,000 for three tenants in the Mission back in July of 2015, the... Read More »

Bay Area Home Sales Hold Despite Fires and SF’s Slip

Bay Area Home Sales Hold Despite Fires and SF’s Slip

Despite the marked impact of the recent wild fires in Sonoma and Napa counties, which resulted in an average 18.7 percent drop in sales activity versus the same time last year, the number of single-family homes and condos that traded hands across the greater Bay Area ticked up 1.9... Read More »

Sales and Pricing Index for New Condos in SF Tick Up

Sales and Pricing Index for New Condos in SF Tick Up

With sales offices for two new developments in San Francisco having opened their doors in October, the number of purchase contracts signed for new construction condos in the city ticked up from 55 in October to 61 in November, nearly doubling the number of contracts signed in November 2016... Read More »

Benchmark Mortgage Rate Holding Under 4 Percent

Benchmark Mortgage Rate Holding Under 4 Percent

The average rate for a benchmark 30-year mortgage has held relatively firm over the past three weeks, slipping a single (1) basis points in the aggregate to 3.94 percent, which is 19 basis points below the 4.13 percent rate in place at the same time last year but 53... Read More »

Rents Dropping for New Apartments in Dogpatch

Rents Dropping for New Apartments in Dogpatch

Back in August, a few months before the first phase of Avalon’s new 326-unit Dogptach development at 800 Indiana Street open its doors, the development was being marketed with studios starting at $2,910 a month; one-bedrooms starting at $3,305; two-bedrooms starting at $4,525; and three-bedrooms priced at $6,979 and... Read More »

Index for Pending U.S. Home Sales Ticks Up, Slips in the West

Having dropped to its lowest level since January of 2015 this past September, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, ticked up 3.5 percent in October to 109.3. With October’s gain, the index remains 0.6 percent lower versus... Read More »