Articles Filed Under: Real Estate Economics

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San Francisco’s Unemployment Rate Under 4%, Lowest In 9 Years

San Francisco’s Unemployment Rate Under 4%, Lowest In 9 Years

Employment in San Francisco hit a new all-time high in December and the unemployment rate dropped to 3.8 percent, the first time the unemployment rate in the city has been under 4 percent since 2007 and the lowest rate in nine years. The drop in San Francisco’s unemployment rate... Read More »

Mortgage Rates Continue To Drop, Jumbos At A Small Premium

Mortgage Rates Continue To Drop, Jumbos At A Small Premium

The average rate for a conforming 30-year mortgage has fallen for the third week in a row to 3.66 percent, the lowest rate since May 2013 when the rate averaged 3.59 percent and 75 basis points below the 4.41 percent average rate at the same time last year. And... Read More »

Mortgage Rates Drop As Bond Market Sounds An Economic Warning

The average rate for a conforming 30-year mortgage has dropped to 3.73 percent, the lowest rate since May of 2013 when the rate averaged 3.59 percent and 78 basis points below the 4.51 percent average rate at the same time last year. While the Federal Reserve is expected to... Read More »

Ten-To-One: San Francisco’s Housing Market In A Nutshell

Around 7,500 units of housing have been built in San Francisco since January 1, 2010.  Over the same five years, the number of employed residents has increased by 74,000.  And in a nutshell, that ten-to-one ratio has been driving the trend in rents and property values. With nearly 7,000... Read More »

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 »