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San Francisco November housing market report
The Big Story Mortgage rates hit a 20-year high, knocking potential buyers out of the market Quick Take: The average 30-year mortgage rate rose to a 20-year high, significantly dampening demand for homes. Months of Supply Inventory, which quantifies the supply-demand relationship for homes, has remained the same for the past three months, indicating that […]
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San Francisco October Housing Market Report (2022)
The Big Story The Landscape has Changed Quick Take: Fewer homes are coming to market, and demand for homes has cooled as interest rates jump to a 15-year high, indicating a short-term equilibrium after two years of rapidly falling inventory. Economic concerns drive buying and selling decisions as inflation remains elevated and the continued Fed […]
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San Francisco September Housing Market Report (2022)
The Big Story Housing market recession? Depends on who you ask. Quick Take: Home prices fell for the first time this year, declining 2.4% month-over-month, according to the National Association of Realtors. The number of home sales continued to slow for the sixth month in a row, helping inventory climb higher. The housing market is […]
