Articles Filed Under: Real Estate Economics

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Benchmark Mortgage Rate Drops To A Three-Month Low

Benchmark Mortgage Rate Drops To A Three-Month Low

Having dipped back below 4 percent four weeks ago, the average rate for a 30-year mortgage has dropped to 3.84 percent, the lowest average rate since May and versus 4.10 percent at the same time last year, according to Freddie Mac’s latest Primary Mortgage Market Survey. The 30-year rate,... Read More »

It Was Black Monday In China And U.S. Markets Sang The Blues  

China’s benchmark Shanghai Composite Index tumbled 8.5 percent today and the U.S. markets followed suit, with the Dow Jones Industrial Average shedding 3.6 percent to 15,871.35 and the S&P 500 closing at 1,893.21, down 3.9 percent for the day and a technical correction of 10 percent over the past... Read More »

San Francisco And East Bay Employment Rocket To Record Highs

San Francisco And East Bay Employment Rocket To Record Highs

Having slipped by about a thousand in June, the number of people living in San Francisco with a job jumped by 6,500 in July and now totals a record 532,100, up 20,900 versus the same time last year and an increase of 95,400 since January 2010, a 22 percent... Read More »

The Budget And Renderings For 120 Affordable Transbay Units

The Budget And Renderings For 120 Affordable Transbay Units

With the cost of lumber spiking, the proposed structural design for the below market rate (BMR) building to rise on Transbay Block 7 – stretching from Fremont to Beale along Clementina, behind Golub’s 32-story tower dubbed “Solaire” rising at Fremont and Folsom on Transbay Block 6 – was changed from primarily wood... Read More »

2% Annual Appreciation Since 2007, With A Bit Of Volatility Between

2% Annual Appreciation Since 2007, With A Bit Of Volatility Between

Purchased as new for $810,000 in July of 2007, the top-floor one-bedroom condo #411 at 310 Townsend Street resold for $575,000 in December of 2011, a 29 percent drop for the brick and timber unit across from Caltrain. Returned to the market last month listed for $899,000, the condo... Read More »

Affordable Housing Bond Cost Analysis

According to San Francisco’s Controller, if the proposed $310 million Affordable Housing Bonds measure, Proposition A, is passed this November, the estimated average cost for the bonds, collected in the form of a property tax surcharge, will be $8.09 per $100,000 of assessed property value through 2039. The benefits... Read More »

SFGate’s ‘Insane Flip’ Is Complete Fiction, Here Are The Facts

SFGate’s ‘Insane Flip’ Is Complete Fiction, Here Are The Facts

According to the current headline report and most popular story on SFGate, a two-bedroom Nob Hill condo was purchased for $690,000 in June of 2014 and flipped for $1,740,000 this past May, earning the reporter’s “award for investment of the year.” Unfortunately, the report isn’t fact but rather fiction.... Read More »

Average 30-Year Mortgage Rate Drops Back Below 4 Percent

Average 30-Year Mortgage Rate Drops Back Below 4 Percent

Having ticked up to 4.09 percent two weeks ago, the highest rate so far this year, the average rate for a 30-year mortgage has dropped to 3.98 percent, versus 4.12 percent at the same time last year, according to Freddie Mac’s latest Primary Mortgage Market Survey. The 30-year rate,... Read More »

17,000 Square Feet Of Space And Parking For 40 Cars In Los Altos Hills

17,000 Square Feet Of Space And Parking For 40 Cars In Los Altos Hills

Built for C. Earl Dawson in 1939 on what was then a 130-acre assemblage of land purchased from the University of California in 1936, the 17,000-square-foot Rancho San Antonio estate now occupies a 5.6-acre parcel at 11627 Dawson Drive in Los Altos Hills. Purchased for $6 million in 1997,... Read More »

San Francisco Employment Slips, East Bay Gains

San Francisco Employment Slips, East Bay Gains

The number of people living in San Francisco with a job slipped from an upwardly revised record 526,500 in May to 526,100 in June but remains 19,300 higher on a year-over year basis. At the same time, East Bay employment increased by 2,200 to a record 1,303,000, up 28,000... Read More »