Having dropped a downwardly revised 5.1 percent in February, the seasonally adjusted pace of new single-family home sales in the U.S. rebounded 8.8 percent in March and was 8.3 percent higher tha...
https://socketsite.com/archives/2024/04/pace-of-new-home-sales-surges-but.html
As we first outlined earlier this year, the expected value of the Fed’s rate cuts in 2024 was on the decline, with our analysis suggesting fewer than half the number of cuts that some were bank...
https://socketsite.com/archives/2024/04/expected-value-of-rate-cuts-tumbles-again.html
The average rate for a benchmark 30 year mortgage jumped 22 basis points (0.22 percentage points) over the past week to 7.10 percent, which is 71 basis points higher than at the same time last ye...
https://socketsite.com/archives/2024/04/benchmark-mortgage-rate-back-above-7-percent.html
Having hit a 13-year seasonal high last month, the net number of single-family homes and condos on the market has since ticked up another 13 percent with new supply having outpaced demand, despit...
https://socketsite.com/archives/2024/04/number-of-homes-on-the-market-in-s-f-keeps-climbing.html
With the office vacancy rate in San Francisco having ticked over 33 percent last month, the effective office vacancy rate in the East Bay, not including Walnut Creek or further east, inched up an...
https://socketsite.com/archives/2024/04/east-bay-office-vacancy-rate-inches-up-but.html
As we first outlined early last month, based on an analysis of the futures market for interest rate products, the expected value of the Fed’s rate cuts was suggesting there would be a total of ...
https://socketsite.com/archives/2024/04/probability-of-rate-cuts-drops.html
As we outlined yesterday, the amount of vacant office space in San Francisco now totals over 29 million square feet, having increased by over a million square feet in the first quarter of this ye...
Continuing a trend that shouldn’t catch any plugged-in readers, other than the most obstinate, by surprise, the office vacancy rate in San Francisco ticked up to 33.9 percent at the end of last...
Having inched down a downwardly revised 0.9 percent in December, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area (i.e., “San Franci...
https://socketsite.com/archives/2024/03/index-for-bay-area-home-values-slips-condos-drop-again.html
While the net number of San Francisco residents with a job was unchanged from January to February, there were over 16,000 fewer employed residents than at the same time last year, versus 14,000 f...
The seasonally adjusted pace of new single-family home sales in the U.S. slipped less than a percent from January to February and the pace was still 5.9 percent higher than at the same time last ...
As we first calculated a couple weeks ago, “the expected value of the Fed’s rate cuts this year has effectively held firm forecasting a total of three (3) quarter-point rate cuts in 2024, wh...
https://socketsite.com/archives/2024/03/the-fed-affirms-mortgage-rates-tick-up.html
Up 19 percent on a year-over-year basis in January, mortgage application volume for new home purchases in the U.S. only ticked up a (1) percent from January to February. And while 15.7 percent hi...
Well, our model was off by a week. But with the net number of single-family homes and condos on the market having ticked up another 3 percent, there are now 4 percent more homes on the market tha...
The average rate for a benchmark 30 year mortgage dropped 14 basis points (0.14 percentage points) over the past week to 6.74 percent, which is still 14 basis points higher than at the same time ...