Articles Filed Under: Real Estate Economics

(763 posts)
From Red Hot To In The Red For Bay Area Housing Next Year?

From Red Hot To In The Red For Bay Area Housing Next Year?

Bearish calls for the Bay Area housing market have been ticking up over the past three months, with one of the latest coming from Clear Capital, a national provider of real estate valuations, data and analytics for brokers, lenders and appraisers: “Both San Francisco and San Jose have been... Read More »

San Francisco Employment Continues Its Record Run

San Francisco Employment Continues Its Record Run

The number of people living in San Francisco with a job reached a record 525,600 in May, an increase of 1,700 as compared to the month before and 19,900 more employed than at the same time last year. There are now 60,100 more people living in San Francisco with... Read More »

Fed Expected To Raise Interest Rates By The End Of The Year

With employment on the rise and an uptick in economic activity, the Fed appears to be on track for a half-point increase in interest rates by the end of the year with expectations of another full point being added in 2016. The increases should continue to drive mortgage rates, which... Read More »

Group Housing ‘Loopholes’ Could Soon Be Closed

Many of the recently proposed Group Housing developments in San Francisco, with shared kitchens and living areas, have been positioned as creative solutions to maximize density and minimize rents in response to the City’s current housing crisis. But with the addition of “kitchenettes,” which aren’t technically kitchens, a number... Read More »

30-Year Mortgage Rate Over 4 Percent For First Time In 2015

30-Year Mortgage Rate Over 4 Percent For First Time In 2015

As we expected last week with the underlying basis on the move, the average rate for a 30-year mortgage has continued to climb, crossing the four percent mark for the first time since November 2014 and hitting a new high for 2015. The average rate for a 30-year fixed-rate... Read More »

Basis For 30-Year Mortgage Rate On The Move (Up)

Since hitting a 2015 high of 3.87 percent last week, the average rate for a 30-year fixed mortgage has been relatively unchanged.  But the 10-year Treasury yield, the basis for the 30-year mortgage rate, jumped around 10 basis points (0.10) this morning on strong jobs data. And while the... Read More »

Mortgage Rate Hits 2015 High

Mortgage Rate Hits 2015 High

The average rate for a conforming 30-year mortgage has ticked up to 3.87 percent, the highest average rate in 2015 and 28 basis points above the near two-year low rate of 3.59 percent recorded this past February. That being said, the rate remains 25 basis points below the 4.12... Read More »

Employment In S.F. Continues To Climb

Employment In S.F. Continues To Climb

The number of people living in San Francisco with a job continues to climb and hit a new all-time high of 524,100 in April, an increase of 2,000 from the month before. There are currently 20,300 more people living in the city with paychecks than at the same time... Read More »

Mortgage Rates On The Move

Mortgage Rates On The Move

The average rate for a conforming 30-year mortgage increased 12 basis points over the past week to 3.80 percent, up 21 basis point from a 3.59 percent 21-month low in February but 41 basis points below the 4.21 percent average rate at the same time last year. The 30-year... Read More »

The Rare Exception Or Foreshadowing Of Things To Come?

The Rare Exception Or Foreshadowing Of Things To Come?

Purchased for $1.3 million in 2013 and extensively remodeled since, the buyer of the Potrero Hill home at 837 Wisconsin Street appears to be around $200K past due on his accumulated loans and the property is scheduled to hit the courthouse steps this afternoon with $2.2 million in debt... Read More »

Fiscal Impact Report For The Golden State Warriors’ Arena

Fiscal Impact Report For The Golden State Warriors’ Arena

With a projected 205 events a year and the forecast attendance per event ranging from 17,000 for a Warriors regular season game to 3,000 when the arena is configured as a “theater,” the proposed Mission Bay Arena for the Golden State Warriors would draw an estimated 2,071,400 ticketed visitors... Read More »

Six Bay Area Counties Have The Highest Median Incomes In CA

Six Bay Area counties have the highest median incomes in California, based on a ranking of joint tax returns by the State’s Franchise Tax Board.  And believe it or not, with a median income of $93,404, versus a statewide average of $73,378, San Francisco comes in at number six.... Read More »

S.F. Employment Hits New High, Unemployment At 15-Year Low

S.F. Employment Hits New High, Unemployment At 15-Year Low

With the state’s latest labor force revisions and refinements now complete, the estimated number of people living in San Francisco who have a job now measures 520,900, a nominal increase of 400 since the beginning of the year but also a new all-time high. Since January of 2010, the... Read More »

Housing Production In S.F. Highest In Over 20 Years, But…

Housing Production In S.F. Highest In Over 20 Years, But…

Housing production in San Francisco was the highest in over two decades last year, with 3,514 new units added to the city’s overall inventory (which now totals 379,597 units), a dramatic swing from the 269 units of housing added in 2011. That being said, the number of employed residents... Read More »

Over 100K More Employed In San Francisco Than 5 Years Ago

Over 100K More Employed In San Francisco Than 5 Years Ago

On the heels of a typical seasonal dip in January, the estimated number of people living in San Francisco with a job increased by 3,800 to a record 520,500 in February and the unemployment rate in the city is back below 4 percent (3.8).  That’s 19,500 more people living... Read More »