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  • Index for Bay Area Homes Has Dropped 17%, Still Trending Down March 28, 2023
    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 – ticked down another 1.3 percent in January and is now 7.6 percent lower than at the start of last year, representing the largest year-over-year drop for the index over […]
  • Inventory Ticks Up in San Francisco as Home Sales Decline March 27, 2023
    While the net number of homes on the market in San Francisco had been holding at a seasonally adjusted 10-year high, inventory levels ticked up 7 percent over the past week, driven by listings for single-family homes, the inventory of which is now 45 percent higher than at the same time last year. Once again, […]
  • Benchmark Mortgage Rate Drops, Poised to Tick Down March 24, 2023
    Measured prior to yesterday’s quarter-point rate hike by the Fed, the average rate for a benchmark 30-year mortgage had dropped another 18 basis points (0.18 percentage points) over the past week to 6.42 percent but remained 200 basis points, or roughly 45 percent, higher than at the same time last year and 377 basis points, […]
  • New Home Sales and Median Sale Price Tick Up, But… March 23, 2023
    Having been revised down over the past quarter in the absolute, the seasonally adjusted pace of new single-family home sales in the U.S. ticked up 1.1 percent last month to an annualized rate of 640,000 sales but was down 19.0 percent on a year-over-year basis, 22.2 percent lower than in February of 2021, and 10.6 […]
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