Articles Filed Under: Real Estate Economics

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Key Trends of Homes for Sale in San Francisco Hold

Heading into a typically quiet Labor Day weekend, after which the inventory of homes on the market in San Francisco typically starts to climb, the number of homes listed for sale in the city (545) is already running 14 percent higher versus the same time last year (480) and... Read More »

Average Asking Rents in San Francisco and Oakland Slip

Average Asking Rents in San Francisco and Oakland Slip

The weighted average asking rent for an apartment in San Francisco, including one-off rentals as well as those in larger developments, slipped another 1.4 percent over the past month to $4,170, which is 2.0 percent lower than at the same time last year and 6.6 percent below a peak... Read More »

Seasonal Hiring Pushes Bay Area Employment to a Record High

Seasonal Hiring Pushes Bay Area Employment to a Record High

With an above-average bump in seasonal hires, the unemployment rate in San Francisco dropped from 2.7 percent in June to 2.4 percent in July, with the labor force having increased by 8,700 to 574,400 and the number of people residing in the city with a job, including summer interns... Read More »

Mortgage Rates Slip, Probability of a Rate Hike Hits 98 Percent

Mortgage Rates Slip, Probability of a Rate Hike Hits 98 Percent

The average rate for a benchmark 30-year mortgage slipped 7 basis points over the past two weeks to 4.53 percent but remains 64 basis points above its mark at the same time last year and within 13 basis points of the seven-year high (4.66 percent) which it hit in... Read More »

Inventory of Homes for Sale in SF and Trend of Those in Contract

Inventory of Homes for Sale in SF and Trend of Those in Contract

While the number of homes listed for sale in San Francisco has ticked down 16 percent since the middle of July with typical seasonality in play, there are 3 percent more homes on the market right now (555) than there were at the same time last year (540) and... Read More »

More Homes for Sale in SF versus Same Time Last Year

While the number of homes on the market in San Francisco has ticked down 12 percent since the middle of July, as is typical for this time of the year, there are actually 5 percent more homes on the market right now (575) than there were at the same... Read More »

Mortgage Rates Tick Up, Short-Term Rate Hits Eight-Year High

Mortgage Rates Tick Up, Short-Term Rate Hits Eight-Year High

The average rate for a benchmark 30-year mortgage has ticked 8 basis points over the past two weeks to 4.60 percent, which is 67 basis points higher on a year-over-year basis and within 6 basis points of its seven-year high of 4.66 percent which it hit in May, according... Read More »

Pace of New Home Sales in the U.S. Slips, Inventory Hits 9-Year High

Pace of New Home Sales in the U.S. Slips, Inventory Hits 9-Year High

Having rebounded a downwardly revised 3.9 percent in May, the seasonally adjusted pace of new single-family home sales in the U.S. dropped 5.3 percent in June to an annual pace of 631,000 sales, which is 2.5 percent below the long-term average for this time of the year but remains... Read More »

Rents in San Francisco Hold, Tick Up in Oakland

Rents in San Francisco Hold, Tick Up in Oakland

Having slipped a nominal 0.3 percent over the past month, the weighted average asking rent for an apartment in San Francisco, including one-off rentals as well as those in larger developments, is now running around $4,230 a month, which is 0.6 percent higher than at the same time last... Read More »

Bay Area Employment Slips, San Francisco Nears Negative Growth

Bay Area Employment Slips, San Francisco Nears Negative Growth

The unemployment rate in San Francisco jumped from 2.1 to 2.7 percent in June as the number of people living in the city with a job dropped by 1,600 to 550,600 while the labor force increased by 1,600 to 565,600. And while there are still 113,900 more people living... Read More »