Articles Filed Under: Real Estate Economics

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Mortgage Rates Tick up but Remain near Three-Year Lows

Mortgage Rates Tick up but Remain near Three-Year Lows

Having dropped to a three-year low of 3.57 percent, the average rate for a benchmark 30-year mortgage has ticked up 7 basis points to 3.64 percent over the past two weeks but remains 33 basis points below the 3.97 percent rate in place prior to the Fed’s first rate... Read More »

Employment in San Francisco Stalls, Slips in the East Bay

Employment in San Francisco Stalls, Slips in the East Bay

While the unemployment rate in San Francisco has dropped to 3.1 percent, the lowest unemployment rate since the end of the dot-com boom, the drop from 3.3 percent in March was driven by 900 people leaving the labor force versus the 100 jobs that were added. In fact, the... Read More »

Benchmark Mortgage Rate Drops to Three-Year Low

Benchmark Mortgage Rate Drops to Three-Year Low

The average rate for a benchmark 30-year mortgage has dropped to 3.57 percent, the lowest rate in three years and 40 basis points below the 3.97 percent rate in place prior to the Fed’s first rate hike in December. The current rate is 28 basis points below the 3.85... Read More »

San Francisco and East Bay Employment Slip

San Francisco and East Bay Employment Slip

While the unemployment rate in San Francisco has now held at 3.3 percent for four months in a row, the number of people living in the city with a job slipped by 300 in March to 535,200. And while it’s a nominal change, it’s the first March without a... Read More »

San Francisco Housing Market Deemed Overheated by Redfin

San Francisco Housing Market Deemed Overheated by Redfin

With listed sales of San Francisco homes having “plunged” 23 percent on a year-over-year basis in March and inventory climbing, a trend which shouldn’t catch any plugged-in readers by surprise, Redfin has just deemed the San Francisco housing market as “Overheated.” Across the greater Bay Area, listed home sales... Read More »

Benchmark Mortgage Rate Drops to One-Year Low

Benchmark Mortgage Rate Drops to One-Year Low

The average rate for a benchmark 30-year loan has dropped to 3.59 percent, down 12 basis points over the past week to the lowest rate in over a year and 38 basis points below the 3.97 percent rate in place prior to the Fed’s first rate hike in December.... Read More »

What It Costs to Live near BART and the Relative Commute Times

What It Costs to Live near BART and the Relative Commute Times

The relative cost of living near BART has been newly mapped by Estately, which compiled the average sale price per square foot for all the houses, townhouses and condos that have sold within a one-mile radius of each BART station over the past six months. The ten “most expensive... Read More »

Benchmark Mortgage Rate Levels off, Potential for a Dip

Benchmark Mortgage Rate Levels off, Potential for a Dip

The average rate for a benchmark 30-year loan has held at 3.71 percent for the second week in a row, which is 1 basis point above the average rate at the same time last year and 26 basis points below the 3.97 percent rate in place prior to the... Read More »

Unemployment Rate Holds at 3.3% in SF, 4.3% in the East Bay

Unemployment Rate Holds at 3.3% in SF, 4.3% in the East Bay

The unemployment rate in San Francisco has held at 3.3 percent for the third month in a row. But based on a revised benchmark and accounting, the number of people living in San Francisco with a job ticked up by 1,300 in February to 535,000, which is the second-highest... Read More »

Mortgage Rates Move up While Expectations for a Hike Dip

Mortgage Rates Move up While Expectations for a Hike Dip

The average rate for a benchmark 30-year loan has ticked up for the third week in a row, but the current 3.73 percent rate remains 5 basis lower versus the same time last year and 24 basis points below the 3.97 percent rate in place prior to the Fed’s... Read More »