Articles Filed Under: Trends

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Inventory of Homes for Sale in San Francisco Ticks Up

Inventory of Homes for Sale in San Francisco Ticks Up

Driven in part by a slowdown in sales activity since the beginning of the year, the number of single-family homes and condos actively listed for sale in San Francisco has ticked up a little over 6 percent over the past month to 690, which is roughly even with the... Read More »

Dolores Park Hive Now Listed at a Larger Loss and Plying Crypto

Dolores Park Hive Now Listed at a Larger Loss and Plying Crypto

As we reported this past October: Purchased by the founder of Hive Communities for $6.495 million in April of last year, 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 this past August... Read More »

Mortgage Rates Slip along with the Odds of a Rate Hike in June

Mortgage Rates Slip along with the Odds of a Rate Hike in June

Having ticked up to a 7-year high, the average rate for a benchmark 30-year mortgage slipped 10 basis points over the past week to 4.56 percent but remains 62 basis points above its average rate of 3.94 percent at the same time last year, according to Freddie Mac’s latest... Read More »

Pending Home Sales Drop in the U.S. despite More Inventory

Pending Home Sales Drop in the U.S. despite More Inventory

Having inched up 0.4 percent in March, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, declined 1.3 percent in April to 106.4 in March and is now running 2.1 lower versus the same time last year and 5.3 percent... Read More »

Asking Rents Inch up in San Francisco and Oakland

Asking Rents Inch up in San Francisco and Oakland

Having ended last year lower than where they started, asking rents for apartments in San Francisco have since ticked up a little over 3 percent since the beginning of the year, but the majority of said gain can be attributed to normal seasonality. In fact, based on a comparison... Read More »

Index for Bay Area Home Values Jumps

Index for Bay Area Home Values Jumps

Having ticked up 1.0 percent in February, 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 – jumped another 2.1 percent in March to a new record high and is now running 11.3... Read More »

Price Cut for Approved SoMa Development and Land

Price Cut for Approved SoMa Development and Land

Approved by the City last year, the plans for a 24-unit development to rise up to six stories in height upon the former CrossFit site at 1228 Folsom Street and its underlying Western SoMa parcel hit the market earlier this year priced at $6.95 million or roughly $290,000 per... Read More »

Mortgage Rates Move Higher, Odds of a Rate Hike Slip

Mortgage Rates Move Higher, Odds of a Rate Hike Slip

Having hit a 7-year high last week, the average rate for a benchmark 30-year mortgage has ticked up another 5 basis points to 4.66 percent, which is 71 basis points above its mark of 3.95 percent at the same time last year and the highest average rate since May... Read More »

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

Having ticked up 1.1 percent in March but slipped on a year-over-year basis, the pace of existing-home sales in the U.S. dropped 2.5 percent in April to a seasonally adjusted annual rate of 5.46 million sales which is 1.4 percent lower versus the same time last year. At the... Read More »

Pace of New Home Sales in the U.S. Slips, Inventory Inches Up

Pace of New Home Sales in the U.S. Slips, Inventory Inches Up

Having ticked up a downwardly revised 2.0 percent in March, the seasonally adjusted pace of new single-family home sales in the U.S. slipped 1.5 percent in April to annual pace of 662,000 sales but remains 11.6 percent higher on a year-over-year basis and 1.7 percent above the long-term average... Read More »