Articles Filed Under: Real Estate Economics

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Inventory of Homes for Sale in San Francisco Starts to Climb

Inventory of Homes for Sale in San Francisco Starts to Climb

Having increased by a hundred over the past week, the number of single-family homes and condos currently listed for sale in San Francisco now totals 401, which is 30 percent higher versus the same time last year and the highest mid-January total since 2013. At a more granular level,... Read More »

Mortgage Rates Slip, Odds of a Hike in June

Mortgage Rates Slip, Odds of a Hike in June

The average rate for a benchmark 30-year mortgage has slipped 8 basis points over the past week to 4.12 percent. While the average remains 20 basis points above the 3.92 rate in place at the same time last year, it has dropped 18 basis points from the 4.30 percent... Read More »

Benchmark Mortgage Rate Dips but Begins the Year above 4 Percent

Benchmark Mortgage Rate Dips but Begins the Year above 4 Percent

Having hit a 32-month high at the end of 2016, the average rate for a benchmark 30-year mortgage slipped 12 basis points over the past week to start the year at 4.20 percent, which is the first time the average 30-year rate has been above 4 percent at the... Read More »

Inventory of Homes for Sale in SF Starts 2017 at a Four-Year High

Depleted by listings which were withdrawn from the MLS over the holidays, many of which are likely to soon return to the market as “new,” perhaps with unofficial price reductions as well, the inventory of homes listed for sale in San Francisco currently totals 255. While that might seem... Read More »

Benchmark Mortgage Rate Hits a 32-Month High

Benchmark Mortgage Rate Hits a 32-Month High

As we foreshadowed within a basis point, the average rate for a benchmark 30-year mortgage jumped another 14 basis points over the past week to 4.30 percent, the highest average rate since April 2014 and 34 basis points above the 3.96 percent rate in place at the same time... Read More »

Pace of Existing Home Sales in the U.S. Nears a Ten-Year High

Having ticked up 2.0 percent in October, the seasonally adjusted pace of existing-home sales in the U.S. inched up another 0.7 percent in November to an annual rate of 5.61 million sales, the strongest pace since a 5.79 million pace in February 2007 and 15.4 percent higher versus the... Read More »

Unemployment Rates Drop but Employment Slips in SF and East Bay

Unemployment Rates Drop but Employment Slips in SF and East Bay

While the unemployment rate in San Francisco ticked up to 3.4 percent in October, it was driven by an increase in the size of the labor force and the number of people living in the city with a job actually increased by 2,400 to a record 548,900. And in... Read More »

Mortgage Rates Tick Up to a 26-Month High, Poised to Move Higher

Mortgage Rates Tick Up to a 26-Month High, Poised to Move Higher

Measured prior to yesterday’s rate hike, the average rate for a benchmark 30-year mortgage ticked up another 3 basis points over the past week to 4.16 percent, the highest average rate since the fourth quarter of 2014 and 19 basis points higher than the 3.97 percent rate in place... Read More »

The Fed Institutes a Rate Hike, Signals Three More in 2017

As predicted, the Federal Reserve has just raised interest rates for the first time since December of last year, upping the target federal funds target rate by 0.25 percent (25 basis points) and signaling expectations for another three quarter-point increases by the end of 2017. The Fed dropped the... Read More »

Shrunken Development Newly Rendered and Rationalized

Shrunken Development Newly Rendered and Rationalized

Plans for a pair of residential towers to rise up to 27 stories in height at 325 Seventh Street, on an S-shaped site extending from the corner of 7th and Harrison to 6th Street on the edge of Oakland’s Chinatown, were approved by the city five years ago. But... Read More »