The document provides an analysis of real estate market trends in San Francisco for October/November 2012. It discusses:
1) Inventory levels remaining near record lows, keeping upward pressure on home prices. Sales of single-family homes rose 5.2% month-over-month while condo sales increased 35.5% year-over-year.
2) Mortgage rates continuing their downward trend but declines were more muted, suggesting rates may remain stable in the near future.
3) Foreclosure activity declining substantially both month-over-month and year-over-year, indicating the market is stabilizing.