Articles Filed Under: Real Estate Economics

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The Fed Institutes a Rate Hike, Signals Three More in 2018

As predicted, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 0.25 percent (25 basis points) and signaling expectations for three more quarter-point increases in 2018. The Fed dropped the benchmark rate five (5) percentage points between August of 2007 and... Read More »

Apples-To-Apples for a Central SoMa Penthouse Condo, Take Two

Apples-To-Apples for a Central SoMa Penthouse Condo, Take Two

As we wrote a year ago last month: “Speaking of list price reductions in San Francisco, the asking price for the “rarely available” corner one-bedroom unit #802 on a penthouse level of the Palms at 555 4th Street, a level which is outfitted with gas stoves and Sub-Zero refrigerators,... Read More »

Benchmark Mortgage Rate Holding Under 4 Percent

Benchmark Mortgage Rate Holding Under 4 Percent

The average rate for a benchmark 30-year mortgage has held relatively firm over the past three weeks, slipping a single (1) basis points in the aggregate to 3.94 percent, which is 19 basis points below the 4.13 percent rate in place at the same time last year but 53... Read More »

Housing Pipeline Holds as Construction Rises in San Francisco

Housing Pipeline Holds as Construction Rises in San Francisco

With new proposals having been submitted to the City for roughly the same number of residential units that finished construction in the second quarter of the year, the overall pipeline of apartments and condos under development in San Francisco is holding around 63,500 having peaked at 63,700 in the... Read More »

San Francisco and Bay Area Employment Slip from Record Highs

San Francisco and Bay Area Employment Slip from Record Highs

Having hit a downwardly revised record of 555,000 in September, the number of people living in the city of San Francisco with a job slipped by 1,800 in October to 553,200. But with the labor force having dropped by 3,300 to 568,500, the unemployment rate actually dropped to 2.7... Read More »

Mortgage Rates Tick Up, Odds of a Rate Hike Holding at 100 Percent

Mortgage Rates Tick Up, Odds of a Rate Hike Holding at 100 Percent

The average rate for a benchmark 30-year mortgage ticked up 5 basis points over the past week to 3.95 percent, which is the highest rate in nearly four months, within 1 basis point of the 3.96 percent rate in place at the same time last year, and 54 basis... Read More »

Mortgage Rates Slip, Odds of a Rate Hike Hits 100 Percent

Mortgage Rates Slip, Odds of a Rate Hike Hits 100 Percent

The average rate for a benchmark 30-year mortgage slipped 4 basis points over the past two weeks to 3.90 percent, which is 33 basis points above the 3.57 percent rate in place at the same time last year and 49 basis points above last year’s low of 3.41 percent,... Read More »

Luxury One-Bedroom Fetches 0.8 Percent over Late 2015 Price

Luxury One-Bedroom Fetches 0.8 Percent over Late 2015 Price

Purchased for $1.25 million in December of 2015, the 941-square-foot Lumina unit #7E returned to the market priced at $1.359 million this past September, a sale at which would have represented total appreciation of 8.7 percent since the end of 2015 or roughly 4.9 percent per year on a... Read More »

Mortgage Rates Inch up, Odds of a Hike over 98 Percent

Mortgage Rates Inch up, Odds of a Hike over 98 Percent

The average rate for a benchmark 30-year mortgage has ticked up 4 basis points over the past two weeks to 3.94 percent, which is 47 basis points above the 3.47 percent rate in place at the same time last year, 53 basis points above last year’s low of 3.41... Read More »

SF and Oakland Rents Down, Relative Premium Up

SF and Oakland Rents Down, Relative Premium Up

Following the trend we first noticed forming twelve months ago, asking rents for apartments in San Francisco and Oakland have dropped over the past year. In fact, based on a comparison of nearly 3,000 listings, the weighted average asking rent for an apartment in San Francisco (including one-off rentals... Read More »