Pace of Home Sales in San Francisco Drops
The number of single-family homes and condos in contract to be sold across San Francisco has dropped around 15 percent over the past month, including a 6 percent drop in the seasonally adjusted pace of...
View ArticleAsking Rents in San Francisco Are Ticking Up, But…
As we outlined at the end of May, asking rents in San Francisco were actually trending up, having ticked up two months in a row. And having ticked up another 2 percent over the past month, the weighted...
View ArticleBenchmark Mortgage Rate Poised to Inch Down
The average rate for a benchmark 30-year mortgage inched down 6 basis points (0.06 percentage points) over the past week to 6.89 percent, which is 7 basis points lower than at the same time last year,...
View ArticleAsking Rents in Oakland Tick Up, Down Year-Over-Year
Having ticked back over $2,300 at the end of May, the average asking rent for an apartment in Oakland has since ticked up a percent to $2,360 a month but remains 7 percent lower than at the same time...
View ArticleIndex Versus Reality for Another “Over Asking!” Sale
Purchased for $4.65 million in February of 2015, the 2,820-square-foot, four-bedroom home at 50 Buena Vista Terrace, a fully-remodeled single-family home which “transcends expectations,” in “the highly...
View ArticleIndex for Bay Area Home Values Ticks Up, YOY Gain Slows
Having ticked up 2.6 percent in March, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area (i.e., “San Francisco,” which includes the East...
View ArticleFresh Prices Abound
As we outlined earlier this week, price reductions are on the rise in San Francisco. Or in euphemistic industry speak and marketing, “fresh prices” abound. Speaking of which, the “FRESH PRICE!” for the...
View ArticleAustin, Do We Have Another Problem?
Purchased for $710,500 in December of 2017, the 442-square-foot, north-facing studio #207 in The Austin at 1545 Pine Street (“one of Van Ness & Civic Center’s most coveted developments”) briefly...
View ArticleBenchmark Mortgage Rate Inches Down, Poised to Drop
Measured prior to yesterday’s affirmation by the Fed, the average rate for a benchmark 30-year mortgage inched down 4 basis points (0.04 percentage points) over the past week to 6.95 percent, according...
View ArticleThe Fed Affirms, Again
As we outlined last month, based on an analysis of the futures market, the expected value of the Fed’s rate cuts over the next six months had dropped, with an 80 percent chance of a single,...
View ArticleApples-to-Apples-to-Index in Central SoMa
Purchased for $640,000 or roughly $940 per square foot in mid-2013, the 618-square-foot, one-bedroom unit #738 in The Palms at 555 4th Street, a quiet interior unit that now benefits from the new...
View ArticlePrice Reductions on the Rise in San Francisco
With the expectation gap between the list price per square foot of the homes on the market in San Francisco and the price per square foot of the homes for which an offer has actually been made having...
View ArticlePace of Home Sales in San Francisco Is Ticking Down
The net number of single-family homes and condos in contract to be sold in San Francisco has been ticking down, not up, over the past month. And having just slipped on a year-over-year basis, pending...
View ArticleExpectation Gap on the Rise in San Francisco
The net number of single-family homes and condos on the market ticked up another (1) percent over the past week as new listing activity continues to outpace sales, with 2 percent more inventory on the...
View ArticleAverage Asking Rent in S.F. Trending Up, Inventory Down
Having ticked up for the first time in eight months last month, the weighted average asking rent for an apartment in San Francisco has since ticked up nearly 4 percent to $3,460 a month. That being...
View ArticleBenchmark Mortgage Rate Inches Back Over 7 Percent
As we outlined last week, while the average rate for a benchmark 30-year mortgage had slipped back under 7 percent for the first time since mid-April the expected value of the Fed’s rate cuts over the...
View ArticlePurchase Mortgage Activity Continues to Drop
Despite the average rate for a benchmark 30-year mortgage having ticked down over the past month, purchase mortgage application volume in the U.S. has dropped for the third week in a row, ticking down...
View ArticleBuilders Slow Their Rolls, Banking Entitlements in San Francisco
As we outlined at the end of last year, with values dropping, the cost of capital having jumped, sales down and developers getting squeezed or even foreclosed upon, the number of housing units under...
View ArticleExpected Value of Rate Cut(s) Just Dropped
Having inched up over the past month, helping to pull the average rate for a benchmark 30-year mortgage back under 7 percent for the first time since mid-April, the expected value of the Fed’s rate...
View ArticlePace of New Home Sales and Prices Drop, Inventory Up
The seasonally adjusted pace of new single-family home sales in the U.S. dropped nearly 5 percent last month and was down over 6 percent on a year-over-year basis and over 18 percent lower than in...
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