Articles Filed Under: Trends

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Index for Bay Area Home Values Ended 2017 at an All-Time High

Index for Bay Area Home Values Ended 2017 at an All-Time High

Having ticked up 1.4 percent this past 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 – inched up 0.5 percent in December and ended 2017 at an all-time high, having gained... Read More »

Benchmark Mortgage Rate Approaching a 5-Year High

Benchmark Mortgage Rate Approaching a 5-Year High

The average rate for a benchmark 30-year mortgage ticked up another 3 basis points over the past week to 4.43 percent, which is 33 basis points higher versus the same time last year (4.10 percent) and within 15 basis points of a 5-year high (4.58 percent), according to Freddie... Read More »

Bay Area Home Sales Drop, 9-Year Low in San Francisco

Bay Area Home Sales Drop, 9-Year Low in San Francisco

The number of single-family homes and condos that traded hands across the greater Bay Area totaled 4,504 in January. And while the 33.7 percent drop in volume from December to January was only a little higher than average (31.2 percent), sales were down 7.8 percent on a year-over-year basis,... Read More »

Pending Home Sales in the U.S. Drop to a 39-Month Low

The National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, dropped 4.7 percent in January to 104.6, which is 3.8 percent lower versus the same time last year, down 6.9 percent from last year’s high of 112.3 and its lowest reading... Read More »

Pace of New Home Sales in the U.S. Slips despite More Inventory

Pace of New Home Sales in the U.S. Slips despite More Inventory

The seasonally adjusted pace of new single-family home sales in the U.S. dropped 7.8 percent last month, from an annual pace of 643,000 sales in December to 593,000 in January, and is now running 1.0 percent lower versus the same time last year and 8.6 percent below its long-term... Read More »

Mortgage Rates Inch Up, 30-Year within a Basis Point of 4-Year High

Mortgage Rates Inch Up, 30-Year within a Basis Point of 4-Year High

Having jumped 45 basis points since the beginning of the year, the average rate for a benchmark 30-year mortgage inched up another 2 basis points over the past week to 4.40 percent, which is 24 basis points higher on a year-over-year basis and within 1 basis points of a... Read More »

Existing Home Sales in the U.S. Start 2018 Down

Having dropped 3.6 percent this past December, the pace of existing-home sales in the U.S. dropped another 3.2 percent in January to a seasonally adjusted annual rate of 5.38 million transactions, which is 4.8 percent lower on a year-over-year basis and the largest year-over-year decline since the third quarter... Read More »

Modern SRO Units in the Mission Closer to Reality Sans Toilet Sinks

Modern SRO Units in the Mission Closer to Reality Sans Toilet Sinks

Plans to redevelop the used car lot on the northwest corner of South Van Ness Avenue and 15th Street have been refined and are now closer to reality in the Mission. As we first reported back in 2016, the proposed development could rise up to eight (8) stories in... Read More »

Mortgage Rates Continue to Rise, Short-Term nearing 7-Year Highs

Mortgage Rates Continue to Rise, Short-Term nearing 7-Year Highs

Continuing a trend that shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30-year mortgage ticked up another 6 basis points over the past week to 4.38 percent, which is now 43 basis points higher than at the beginning of the year, 23 basis points... Read More »

New Condo Sales and Pricing Tick Up in SF as Inventory Drops

New Condo Sales and Pricing Tick Up in SF as Inventory Drops

Boosted by the official opening of the sales office for the new Mission District development at 1188 Valencia Street (a.k.a. 1198 Valencia), the number of purchase contracts signed for new construction condos in San Francisco totaled 80 in January versus 18 in January of 2017, according to sales office data... Read More »