Articles Filed Under: Real Estate Economics

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Mortgage Rates on the Move as Odds of a Rate Hike Hold

Mortgage Rates on the Move as Odds of a Rate Hike Hold

The average rate for a benchmark 30-year mortgage ticked up another 6 basis points over the past week to 3.91 percent which is 44 basis points above the 3.47 percent rate in place at the same time last year and 50 basis points above last year’s low of 3.41... Read More »

Odds of a Rate Hike Rocket

Odds of a Rate Hike Rocket

The average rate for a benchmark 30-year mortgage inched up 2 basis points over the past week to 3.85 percent, which is now 43 basis points above the 3.42 percent rate in place at the same time last year and 44 basis points above 2016’s 3.41 percent low, according... Read More »

Mortgage Rates Tick Up and Odds of a Hike Jump

Mortgage Rates Tick Up and Odds of a Hike Jump

The average rate for a benchmark 30-year mortgage ticked up 5 basis points over the past week to 3.83 percent, the first real rise in rates since early July. The current average rate is now 35 basis points above the 3.48 percent rate in place at the same time... Read More »

Inventory of Homes for Sale in San Francisco on the Rise

Inventory of Homes for Sale in San Francisco on the Rise

Having hit a seasonal peak in June, as expected, the number of single-family homes and condos listed for sale in San Francisco has jumped an above-average 67 percent since the end of August and totaled 801 at the beginning of this week. While 8 percent lower than at the... Read More »

Employment in SF Hits Record High but Unemployment Ticks up Too

Employment in SF Hits Record High but Unemployment Ticks up Too

The number of people living in San Francisco with a job inched up by 600 in August to a record 548,500. But with the labor force having grown by 1,000 to 568,300, and the number of unemployed residents having increased to 19,700 (which is the highest tally in a... Read More »

Mortgage Rates Continues to Drop along with Odds of a Hike

Mortgage Rates Continues to Drop along with Odds of a Hike

The average rate for a benchmark 30-year mortgage dropped another 4 basis points over the past week to 3.78 percent, which is a new year-to-date low for 2017. At the same time, the current average 30-year rate remains 34 basis points above the 3.44 percent average rate in place... Read More »

Benchmark Mortgage Rate Drops along with Odds of a Hike

Benchmark Mortgage Rate Drops along with Odds of a Hike

The average rate for a benchmark 30-year mortgage slipped another 4 basis points over the past week to 3.82 percent which is another new low for the year. At the same time, the current average 30-year rate remains 36 basis points above the 3.46 percent average rate in place... Read More »

Benchmark Mortgage Rate Drops to New 2017 Low

Benchmark Mortgage Rate Drops to New 2017 Low

Having slipped back below 4 percent last month, the average rate for a benchmark 30-year mortgage slipped another 3 basis points over the past week to 3.86 percent which is the lowest average rate this year. At the same time, the current average 30-year rate remains 43 basis points... Read More »

Rents in San Francisco Lower Than at the Same Time Last Year

Rents in San Francisco Lower Than at the Same Time Last Year

Based on a comparison of over 2,000 listings in San Francisco proper, including one-off rentals as well as units in larger developments, the weighted average asking rent for an apartment in San Francisco is currently running around $4,250 a month ($3,400 for a one-bedroom), which is 1.9 percent below... Read More »

Employment in San Francisco Nearing Negative Growth

Employment in San Francisco Nearing Negative Growth

With a typical influx of summertime residents and workers in play, the number of people living in San Francisco with a job increased by 5,000 in July to 546,600 while the number of unemployed increased by 1,500 to 19,300 which caused the unemployment rate to tick up from 3.2... Read More »