Articles Filed Under: Real Estate Economics

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Employment In S.F. Continues To Climb

Employment In S.F. Continues To Climb

The number of people living in San Francisco with a job continues to climb and hit a new all-time high of 524,100 in April, an increase of 2,000 from the month before. There are currently 20,300 more people living in the city with paychecks than at the same time... Read More »

Mortgage Rates On The Move

Mortgage Rates On The Move

The average rate for a conforming 30-year mortgage increased 12 basis points over the past week to 3.80 percent, up 21 basis point from a 3.59 percent 21-month low in February but 41 basis points below the 4.21 percent average rate at the same time last year. The 30-year... Read More »

The Rare Exception Or Foreshadowing Of Things To Come?

The Rare Exception Or Foreshadowing Of Things To Come?

Purchased for $1.3 million in 2013 and extensively remodeled since, the buyer of the Potrero Hill home at 837 Wisconsin Street appears to be around $200K past due on his accumulated loans and the property is scheduled to hit the courthouse steps this afternoon with $2.2 million in debt... Read More »

Fiscal Impact Report For The Golden State Warriors’ Arena

Fiscal Impact Report For The Golden State Warriors’ Arena

With a projected 205 events a year and the forecast attendance per event ranging from 17,000 for a Warriors regular season game to 3,000 when the arena is configured as a “theater,” the proposed Mission Bay Arena for the Golden State Warriors would draw an estimated 2,071,400 ticketed visitors... Read More »

Six Bay Area Counties Have The Highest Median Incomes In CA

Six Bay Area counties have the highest median incomes in California, based on a ranking of joint tax returns by the State’s Franchise Tax Board.  And believe it or not, with a median income of $93,404, versus a statewide average of $73,378, San Francisco comes in at number six.... Read More »

S.F. Employment Hits New High, Unemployment At 15-Year Low

S.F. Employment Hits New High, Unemployment At 15-Year Low

With the state’s latest labor force revisions and refinements now complete, the estimated number of people living in San Francisco who have a job now measures 520,900, a nominal increase of 400 since the beginning of the year but also a new all-time high. Since January of 2010, the... Read More »

Housing Production In S.F. Highest In Over 20 Years, But…

Housing Production In S.F. Highest In Over 20 Years, But…

Housing production in San Francisco was the highest in over two decades last year, with 3,514 new units added to the city’s overall inventory (which now totals 379,597 units), a dramatic swing from the 269 units of housing added in 2011. That being said, the number of employed residents... Read More »

Over 100K More Employed In San Francisco Than 5 Years Ago

Over 100K More Employed In San Francisco Than 5 Years Ago

On the heels of a typical seasonal dip in January, the estimated number of people living in San Francisco with a job increased by 3,800 to a record 520,500 in February and the unemployment rate in the city is back below 4 percent (3.8).  That’s 19,500 more people living... Read More »

Employment In San Francisco Way Higher Than Previously Thought

Employment In San Francisco Way Higher Than Previously Thought

Following a once-a-year benchmarking, a revision to the data which incorporates additional inputs and refined estimation techniques, the unemployment rate in San Francisco is back above 4 percent. But the estimated number of people living in San Francisco who have a job now measures 516,700. That’s 33,900 higher than... Read More »

Mortgage Rates Reverse Course, Drop To 21-Month Lows

Mortgage Rates Reverse Course, Drop To 21-Month Lows

Erasing a one week bump and back to a 21-month low, the average rate for a conforming 30-year mortgage has dropped from 3.66 percent to 3.59 percent, 73 basis points below the 4.32 percent average rate at the same time last year. Averaging 6.7 percent over the past twenty... Read More »

San Francisco’s Unemployment Rate Under 4%, Lowest In 9 Years

San Francisco’s Unemployment Rate Under 4%, Lowest In 9 Years

Employment in San Francisco hit a new all-time high in December and the unemployment rate dropped to 3.8 percent, the first time the unemployment rate in the city has been under 4 percent since 2007 and the lowest rate in nine years. The drop in San Francisco’s unemployment rate... Read More »

Mortgage Rates Continue To Drop, Jumbos At A Small Premium

Mortgage Rates Continue To Drop, Jumbos At A Small Premium

The average rate for a conforming 30-year mortgage has fallen for the third week in a row to 3.66 percent, the lowest rate since May 2013 when the rate averaged 3.59 percent and 75 basis points below the 4.41 percent average rate at the same time last year. And... Read More »

Mortgage Rates Drop As Bond Market Sounds An Economic Warning

The average rate for a conforming 30-year mortgage has dropped to 3.73 percent, the lowest rate since May of 2013 when the rate averaged 3.59 percent and 78 basis points below the 4.51 percent average rate at the same time last year. While the Federal Reserve is expected to... Read More »

Ten-To-One: San Francisco’s Housing Market In A Nutshell

Around 7,500 units of housing have been built in San Francisco since January 1, 2010.  Over the same five years, the number of employed residents has increased by 74,000.  And in a nutshell, that ten-to-one ratio has been driving the trend in rents and property values. With nearly 7,000... Read More »

San Francisco’s Record Employment Run Takes A Breather

San Francisco’s Record Employment Run Takes A Breather

Following twelve straight months of growth and having hit an all-time high in October, employment in San Francisco was relatively unchanged in November as the labor force dipped by 100 and the number of city residents collecting a paycheck slipped by 200 to 481,700. That’s 22,900 more residents employed... Read More »