Articles Filed Under: Real Estate Economics

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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 »

Falling Rents and Returns for a Signature Two-Bedroom with Views

Falling Rents and Returns for a Signature Two-Bedroom with Views

Purchased for $1,550,000 in early 2008, the 1,317-square-foot unit #23D at 301 Main Street, a “signature” two-bedroom unit with Bay Bridge and water views in the first tower of the Infinity, was offered for rent at $6,500 a month in June of 2013, an effective CAP Rate (ROA) of... Read More »

Benchmark Mortgage Rate Ticks down along with Odds of a Hike

Benchmark Mortgage Rate Ticks down along with Odds of a Hike

Having slipped back below 4 percent three weeks ago, the average rate for a benchmark 30-year mortgage inched down another 3 basis points over the past week to 3.90 percent, which is within 2 basis points of this year’s low (3.88 percent) but remains 45 basis points above the... Read More »

The Economics Dooming the Opera Plaza Cinemas and Its Ilk

The Economics Dooming the Opera Plaza Cinemas and Its Ilk

As we first reported last week, plans to shutter the Opera Plaza Cinema are in the works. And as proposed, the 6,381-square-foot space will be converted into “Retail Sales and Service” use. While a specific tenant has yet to be identified, as a plugged-in reader correctly surmised, a “Health... Read More »

Benchmark Mortgage Rate Back Below 4 Percent

Benchmark Mortgage Rate Back Below 4 Percent

Having ticked up to 4.03 percent two weeks ago, the average rate for a benchmark 30-year mortgage is now back down to 3.92 percent but remains 44 basis points above the 3.48 percent average rate in place at the same time last year and 51 basis points above last... Read More »

Top Tier Slips but Indexes for Bay Area Home Values Hit New Highs

Top Tier Slips but Indexes for Bay Area Home Values Hit New Highs

Having gained 1.5 percent in April, 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 – inched up 0.5 percent in May and the index for area condos gained 0.8 percent, lifting each... Read More »

SF Employment Dropped in First Half of 2017, First Time since 2009

SF Employment Dropped in First Half of 2017, First Time since 2009

With no growth in the number of people living in San Francisco with a job last month (542,100), despite an increase in the labor force by 2,800 to 559,800, the unemployment rate in San Francisco ticked up from 2.7 to 3.2 percent in June. And for the first time... Read More »

Benchmark Mortgage Rate Back over 4 Percent

Benchmark Mortgage Rate Back over 4 Percent

The average rate for a benchmark 30-year mortgage ticked up another 7 basis points over the past week to 4.03 percent and is currently running 61 basis points above the 3.42 percent average rate in place at the same time last year and 12 basis points above the average... Read More »

Inventory of Homes for Sale in S.F. Appears to Have Plateaued

Inventory of Homes for Sale in S.F. Appears to Have Plateaued

With supply (new listings) roughly even with demand (sales) over the past three months, the number of single-family homes and condos currently listed for sale in San Francisco now totals 593, which is 3.6 percent lower than at the beginning of April and 26.2 percent lower than at the... Read More »

Benchmark Mortgage Rate Ticks Up to 3.96%

Benchmark Mortgage Rate Ticks Up to 3.96%

Having held relatively steady since the Fed’s rate hike a few weeks ago, the average rate for a benchmark 30-year mortgage ticked up 8 basis points over the past week to 3.96 percent, which is 55 basis points above the 3.41 percent average rate at the same time last... Read More »