Articles Filed Under: Real Estate Economics

(900 posts)
San Francisco Home Sales and Median Price Slip as Bay Area Gains

San Francisco Home Sales and Median Price Slip as Bay Area Gains

While the number of single-family homes and condos that traded hands in San Francisco last month jumped 44.5 percent from an upwardly revised 346 in February to 500 in March with typical seasonality in play, the volume was 5.3 percent lower on a year-over-year basis versus a 7.9 percent... Read More »

Employment in San Francisco Dropped in Q1

Employment in San Francisco Dropped in Q1

With the number of people living in San Francisco with a job pegged at 543,900 last month, a nominal 200 higher than the month before, employment in the city has dropped by 3,300 in the first quarter of the year versus gaining 6,900 in the first quarter of 2016,... Read More »

New S.F. Condo Sales Slipped in March but Jumped Year-Over-Year

While the number of purchase contracts signed for new condominiums in San Francisco slipped 4 percent from February to March, the sales volume in March (91) was more than twice the volume at the same time last year (39) but with a number of new sales offices having opened... Read More »

Benchmark Mortgage Rate Drops Below 4 Percent

Benchmark Mortgage Rate Drops Below 4 Percent

The average rate for a benchmark 30-year mortgage has dropped below 4 percent for the first time since November, shedding 11 basis points over the past week and 33 basis points since the the Fed’s second rate hike last month. At the same time, the current 30-year average rate... Read More »

Externalizing Parking to Double Density as Proposed

Externalizing Parking to Double Density as Proposed

Purchased as a six-unit apartment building with eight bedrooms and a six-car garage for $1.452 million in the first quarter of 2013, plans to add eight new apartments, with nine new bedrooms, at 4640 Balboa Street have been drafted and neighbors need not be worried about losing a view.... Read More »

Benchmark Mortgage Rate Drops to Its Lowest Mark This Year

Benchmark Mortgage Rate Drops to Its Lowest Mark This Year

Having hit 4.30 percent four weeks ago with the probability of the Fed’s second rate hike already priced-in, the average rate for a benchmark 30-year mortgage has since dropped to 4.08 percent, shedding 6 basis points over the past two weeks to mark its lowest rate this year. At... Read More »

Rents Tick Up in San Francisco, Drop in Oakland

Recent reports of a sharp drop in apartment rents in both San Francisco and Oakland shouldn’t catch any plugged-in readers by surprise, as it’s a trend we first noticed forming last year. And as we first reported a couple of months ago, asking rents in the two cities had... Read More »

Inventory of Homes for Sale in S.F. Nearing a Six-Year High

Inventory of Homes for Sale in S.F. Nearing a Six-Year High

Having ticked up another 6 percent over the past four weeks, the number of single-family homes and condos currently listed for sale in San Francisco now totals 615, the highest total at the beginning of April since 2012, at which point there were 658, and 10 percent higher versus... Read More »

Benchmark Mortgage Rate Drops to 4.14%

Benchmark Mortgage Rate Drops to 4.14%

Having ticked up to 4.30 percent two weeks ago with the probability of the Fed’s second rate hike already priced-in, the average rate for a benchmark 30-year mortgage has since dropped 16 basis points to 4.14 percent. That’s still 43 basis points above the 3.71 percent average rate in... Read More »

Bay Area Home Values Slip While National Index Gains

Bay Area Home Values Slip While National Index Gains

Having inched up at the end of last year, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – slipped 0.4 percent in January while the national index ticked up 0.2 percent for... Read More »