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Blog Entries by Andrew LePage

Gravity Returns to San Francisco Housing Market

Biggest Risks Could Be External – Jobs, Stocks, Interest Rates

Andrew LePage    |    Housing Trends

SF Home Price Growth Has Slowed

San Francisco’s formerly red-hot housing market has cooled a bit since the county’s median sale price hit a record $1.3 million this April – one of the highest medians ever for a sizable U.S. county.

Sales of existing San Francisco County homes through August fell about 8 percent from the same period last year, while prices have edged lower since April and in...

“Typical Mortgage Payment”: A Historical Comparison of the Monthly Payment to Buy a Home

Adjusting for Inflation and Mortgage Rates Adds Perspective

Andrew LePage    |    Mortgage Performance

After several years of gains, home prices in some parts of the country are either approaching a peak or have already set a record this year. San Francisco, Seattle, Boston and Dallas were among the areas that hit new median price highs in 2015. Understandably, this has triggered renewed concerns over the impacts of waning affordability.

However, when viewed from the perspective of the...

California October Home Sales Downshift

Sales Dip Month to Month; Inch up Year Over Year

Andrew LePage    |    Housing Trends

California Home Sales During October Each Year

After a strong summer, California home sales weakened a bit in October, the likely result of inventory and affordability constraints, mainly.

An estimated 39,191 new and existing houses and condominiums sold statewide in October 2015. That was down 4.1 percent from 40,879 sales in September 2015 and up 2.3 percent from 38,305 sales in October 2014, CoreLogic public records data...

Strong Finish to Golden State Summer Home Sales

Job Growth, Low Mortgage Rates Help Fuel Demand

Andrew LePage    |    Housing Trends

California Summer Home Sales

California home sales in September dipped less than usual from August and rose nearly 13 percent from a year earlier, capping the Golden State’s highest summertime home sales in nine years.

An estimated 40,990 new and existing houses and condominiums sold in California in September 2015, down 0.8 percent from 41,328 sales in August 2015 and up 12.7 percent from 36,385 sales...

Golden State June Home Sales Strongest Since 2006

Market Edges Closer to Normalcy

Andrew LePage    |    Housing Trends

California June Home Sales

California’s housing market picked up steam last month, when it logged its highest June home sales in nine years and the largest year-over-year increase in sales for any month in nearly three years.

An estimated 46,095 new and existing houses and condominiums sold in the Golden State during June 2015, up 10.8 percent from May and up 16.8 percent from June 2014. Last...