Articles Filed Under: Real Estate Economics

(741 posts)
San Francisco’s Record Employment Run Takes A Breather

San Francisco’s Record Employment Run Takes A Breather

Following twelve straight months of growth and having hit an all-time high in October, employment in San Francisco was relatively unchanged in November as the labor force dipped by 100 and the number of city residents collecting a paycheck slipped by 200 to 481,700. That’s 22,900 more residents employed... Read More »

Mortgage Rates Drop To Lowest Levels In 2014

Mortgage Rates Drop To Lowest Levels In 2014

The average rate for a conforming 30-year mortgage dropped from 3.93 to 3.80 over the past week, the lowest level since May 2013 and 67 basis points below the 4.47 percent average rate at the same time last year. That being said, with the Federal Reserve having rather clumsily... Read More »

Report: San Francisco Needs A New Plan To Combat Homelessness

Report: San Francisco Needs A New Plan To Combat Homelessness

Although the City of San Francisco has created over 3,000 units of supportive housing since the adoption of its Ten Year Plan “to abolish chronic homelessness” in 2004, and the number of supportive housing units in the city now totals over 4,600, the number of homeless individuals hasn’t declined.... Read More »

A Plan To Tax ‘Hoarders Of Homes’ In San Francisco?

Arguing that “when wealthy people who don’t actually live here buy up San Francisco residential properties, housing prices skyrocket beyond the reach of residents,” San Francisco Supervisor Eric Mar has begun working on potential legislation to discourage nonresidents from buying or owning property in the city, perhaps by... Read More »

San Francisco’s Tech Sector Nearly Doubles In Four Years, But…

According to the Planning Department’s latest Commerce and Industry Inventory report for San Francisco, employment within the city’s tech sector has grown by almost 91% since 2009 – up from 19,700 to 37,600 jobs in 2013 – but still represents a fairly small proportion (6 percent) of total employment... Read More »

Top 5 Reasons For Renting, And Factors For Buying A Home

According to a Freddie Mac commissioned Harris Poll of around two thousand adults, a third of which were renters, the top five favorable factors for renting versus owning a home are: Provides freedom from home maintenance responsibilities Allows more flexibility over where you live Protects against home price declines... Read More »

San Francisco Continues Record Employment Run

San Francisco Continues Record Employment Run

Employment in San Francisco has hit another all-time high as the number of city residents with paychecks increased by 4,300 in October and now totals 481,900 with an unemployment rate of 4.3 percent, the lowest unemployment rate since 2008. That’s 25,500 more residents employed in San Francisco than at the... Read More »

Some Relief For Renters In SF, Growing Pain(s) In The East Bay

While the average asking rent for a market-rate apartment in San Francisco has hit a record $3,400 a month, up 9.8 percent over the past year, the largest percentage increase has occurred in Oakland where the average rent now measures $2,500 per month, up 17.6 percent over the past... Read More »

A Tipping Point For Oakland’s Office Market?

Between 70 and 80 percent of the recent demand for office space across the Bay Area has been driven by tech companies, according to Cassidy Turley. In San Francisco, the demand for office space is at an all-time high and office rents have increased 15 percent over the past... Read More »

Employment In San Francisco Hits Another All-Time High

Employment In San Francisco Hits Another All-Time High

Employment in San Francisco has reached another all-time high as the number of residents with a paycheck increased by 1,300 last month and now totals 477,600 with an unemployment rate of 4.4 percent, the second lowest rate since 2008, according to California’s Employment Development Department. That’s 17,600 more people employed... Read More »

30-Year Mortgage Rate Under 4 Percent, Lowest In Over A Year

30-Year Mortgage Rate Under 4 Percent, Lowest In Over A Year

The average rate for a conforming 30-year fixed-rate mortgage has dropped from 4.12 percent to 3.97 over the past week, the first time it has been under 4 percent in over a year, and the lowest rate since June of 2013 when it averaged 3.93 percent.  And it’s a move... Read More »

Prepare For Lowest Mortgage Rates In Over A Year

The index for the S&P 500 is currently trading at 1,845.99, down 1.7% for the day and back to even for the year, having dropped 9 percent over the past four weeks as worries about an economic slowdown in Asia and Europe – and a strengthening dollar – grow.... Read More »

VC Funding In The U.S. Dropped 30% Last Quarter

The Glass Half Full: Venture capital investment in the U.S. was 59% higher in the first three quarters of 2014 versus the first three quarters of 2013, with $13.9 billion invested in second quarter of 2014 alone, the second highest quarter for venture funding since the first quarter of... Read More »

San Francisco Rents Pushing Professional Firms Out Of The City

San Francisco Rents Pushing Professional Firms Out Of The City

With demand for office space in San Francisco having reached an all-time high, the average asking rent for space in the city has increased 15 percent over the past year and nearly doubled since the first quarter of 2010, up 88 percent to just under $60 per square foot.... Read More »

Mortgage Rates Drop, Back Near 2014 Lows

The average rate for a conforming 30-year fixed-rate mortgage has dropped from 4.23 percent to 4.12 percent over the past three weeks and is back to within 2 basis points of its 2014 low (4.10 percent) and 11 basis points lower than at the same time last year, according... Read More »