Articles Filed Under: Real Estate Economics

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Record High Employment in San Francisco and the Valley

Record High Employment in San Francisco and the Valley

Having jumped like Kris Kross in July, the number of people living in San Francisco with a job increased by another 1,400 last month to a record 543,400. And as such, there are now 77,900 more people living in San Francisco with paychecks than there were at the end... Read More »

Property Tax Rate in SF Slated to Drop, Where the Dollars will Go

Property Tax Rate in SF Slated to Drop, Where the Dollars will Go

Aided by rising property values and assessments, the property tax rate for the City and County of San Francisco is slated to drop from $1.1826 per $100 of assessed value in the current Fiscal Year to $1.1792 per $100 of assessed value for Fiscal Year 2016-2017, a decrease of... Read More »

Benchmark Mortgage Rate Inches up, Odds of a Rate Hike Hold

Benchmark Mortgage Rate Inches up, Odds of a Rate Hike Hold

The average rate for a 30-year mortgage inched up 3 basis points to 3.46 percent over the past week following Fed Chair Janet Yellen’s monetary policy speech which suggested the Fed will move to institute a second Federal Funds rate hike sooner rather than later. The probability of the... Read More »

Even Odds of a Rate Hike by the End of the Year

Even Odds of a Rate Hike by the End of the Year

The average rate for a 30-year mortgage (3.43 percent) hasn’t moved much over the past month. But with traders poised to dissect tomorrow’s scheduled “Monetary Policy Toolkit” speech by Federal Chair Janet Yellen, looking for hints of whether – or rather when – the Fed will hike the Federal... Read More »

Number of Homes for Sale in San Francisco Ticks Up

At a time of the year when the inventory of single-family homes and condos on the market in San Francisco is typically on the decline, the number of homes currently listed for sale in the city ticked up a couple points over the past week to 675, which is... Read More »

Bay Area Employment Jumped Like Kris Kross in July

Bay Area Employment Jumped Like Kris Kross in July

With school year seasonality and an influx of interns in play, both the labor force and number of people living in San Francisco with a job jumped like Kris Kross in July. While the jumps were to be expected, the 9,900 person increase in the labor force was 65... Read More »

Another $350K Cut for That Barge, Cottage and Harbor on the Bay

Another $350K Cut for That Barge, Cottage and Harbor on the Bay

Listed for $3.8 million nearly two years ago, and reduced to $3.3 million in mid-2015, the asking price for BayHaven Harbor at 60 Varda Landing, which consists of an on-land cottage, six floating home slips and a rustic two-unit residential barge in Sausalito, has just been reduced to $2.95... Read More »

Benchmark Mortgage Rate Drops along with Probability of a Hike

Benchmark Mortgage Rate Drops along with Probability of a Hike

Having ticked up over the past three weeks, the average rate for a benchmark 30-year mortgage has dropped to 3.43 percent, which is down 5 basis points over the past week and within 12 basis points of the all-time low rate of 3.31 percent recorded in November 2012. And... Read More »

Bay Area Unemployment Rates Jump, but Here’s Why

Bay Area Unemployment Rates Jump, but Here’s Why

While the unemployment rate in San Francisco jumped from 2.9 percent in May to 3.5 percent in June, there are actually 400 more people living in the city with a job. But with school year seasonally in play, the labor force increased by 4,000 and drove the unemployment rate... Read More »

Benchmark Mortgage Rate Ticks Up

Benchmark Mortgage Rate Ticks Up

Having dipped to within 10 basis points of an all-time low, the average rate for a benchmark 30-year mortgage ticked up 4 basis points to 3.45 percent over the past two weeks but remains 59 basis points below the 4.04 percent average rate in place at the same time... Read More »