Articles Filed Under: Real Estate Economics

(820 posts)
San Francisco and East Bay Employment Slip

San Francisco and East Bay Employment Slip

While the unemployment rate in San Francisco has now held at 3.3 percent for four months in a row, the number of people living in the city with a job slipped by 300 in March to 535,200. And while it’s a nominal change, it’s the first March without a... Read More »

San Francisco Housing Market Deemed Overheated by Redfin

San Francisco Housing Market Deemed Overheated by Redfin

With listed sales of San Francisco homes having “plunged” 23 percent on a year-over-year basis in March and inventory climbing, a trend which shouldn’t catch any plugged-in readers by surprise, Redfin has just deemed the San Francisco housing market as “Overheated.” Across the greater Bay Area, listed home sales... Read More »

Benchmark Mortgage Rate Drops to One-Year Low

Benchmark Mortgage Rate Drops to One-Year Low

The average rate for a benchmark 30-year loan has dropped to 3.59 percent, down 12 basis points over the past week to the lowest rate in over a year and 38 basis points below the 3.97 percent rate in place prior to the Fed’s first rate hike in December.... Read More »

What It Costs to Live near BART and the Relative Commute Times

What It Costs to Live near BART and the Relative Commute Times

The relative cost of living near BART has been newly mapped by Estately, which compiled the average sale price per square foot for all the houses, townhouses and condos that have sold within a one-mile radius of each BART station over the past six months. The ten “most expensive... Read More »

Benchmark Mortgage Rate Levels off, Potential for a Dip

Benchmark Mortgage Rate Levels off, Potential for a Dip

The average rate for a benchmark 30-year loan has held at 3.71 percent for the second week in a row, which is 1 basis point above the average rate at the same time last year and 26 basis points below the 3.97 percent rate in place prior to the... Read More »

Unemployment Rate Holds at 3.3% in SF, 4.3% in the East Bay

Unemployment Rate Holds at 3.3% in SF, 4.3% in the East Bay

The unemployment rate in San Francisco has held at 3.3 percent for the third month in a row. But based on a revised benchmark and accounting, the number of people living in San Francisco with a job ticked up by 1,300 in February to 535,000, which is the second-highest... Read More »

Mortgage Rates Move up While Expectations for a Hike Dip

Mortgage Rates Move up While Expectations for a Hike Dip

The average rate for a benchmark 30-year loan has ticked up for the third week in a row, but the current 3.73 percent rate remains 5 basis lower versus the same time last year and 24 basis points below the 3.97 percent rate in place prior to the Fed’s... Read More »

Mortgage Rates Tick up but No Chance of a Hike

Mortgage Rates Tick up but No Chance of a Hike

On the heels of a seven-week slide, the average rate for a benchmark 30-year loan has ticked up for the second week in a row to 3.68 percent but remains within 9 basis points of a near three-year low (and 22 basis points lower than at the same time... Read More »

Employment in San Francisco Slips Again as Alameda Gains

Employment in San Francisco Slips Again as Alameda Gains

For the third month in a row, the number of people living in San Francisco with a job has slipped, dropping by 1,200 in January to 533,400. But a dip in the first month of the year is to be expected as seasonal employees are shed. And with the... Read More »

Benchmark Mortgage Rate Nearing Three-Year Low

Benchmark Mortgage Rate Nearing Three-Year Low

The average rate for a benchmark 30-year loan dropped to 3.62 percent over the past week and is within 3 basis points (0.03) of its lowest rate since mid-2013 as concerns about a global slowdown and market weakness continue to drive the 10-year Treasury yield down. The average 30-year... Read More »