Articles Filed Under: Real Estate Economics

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Bay Area Employment Ticks Up, Unemployment Near Record Low

Bay Area Employment Ticks Up, Unemployment Near Record Low

Having dropped in August, the number of people living in San Francisco with a job increased by 7,900 over the past month to a record 577,500 in September while the labor force increased by 6,900 to 577,500 and the employment rate dropped from 2.4 percent to a near-record 2.2... Read More »

Benchmark Mortgage Rate Jumps, Nearing an Eight-Year High

Benchmark Mortgage Rate Jumps, Nearing an Eight-Year High

The average rate for a benchmark 30-year mortgage jumped 18 basis points over the past two weeks to 4.90 percent, which is now 99 basis points above its mark at the same time last year, the highest average rate since April of 2011 and within 15 basis points on... Read More »

Inventory of Homes for Sale in SF Increases, Price Cuts Rise as Well

Inventory of Homes for Sale in SF Increases, Price Cuts Rise as Well

Having hit a 7-year high in September, the number of homes actively listed for sale in the San Francisco ticked up another 6.6 percent over the past month to 950 and overall inventory levels are now running 30 percent higher on a year-over-year basis and 41 percent above their... Read More »

Inventory of Homes for Sale in San Francisco Ticks Up

Having hit a 7-year high last month, the number of homes listed for sale in San Francisco has ticked up another 6.6 percent over the past two weeks to 950, which is 29 percent higher on a year-over-year basis and 41 percent above its mark at the same time... Read More »

Benchmark Mortgage Rate Rises to New Seven-Year High

Benchmark Mortgage Rate Rises to New Seven-Year High

The average rate for a benchmark 30-year mortgage jumped another 7 basis points over the past week to 4.72 percent, which is 89 basis points above its mark at the same time last year and the highest average rate since April of 2011, according to Freddie Mac’s latest Mortgage... Read More »

The Fed Raises Rates, Signals Another Hike in 2018

As predicted, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 0.25 percent (25 basis points) and signaling expectations for another quarter-point increase by the end of the year. The Fed dropped the benchmark rate a total of five (5) percentage... Read More »

Trend of Homes for Sale in San Francisco Ticks Up

Having hit a 7-year high last week, the number of homes listed for sale in San Francisco has ticked up another 2.2 percent to 920 which is now 16 percent higher on a year-over-year basis and 34 percent above its mark at the same time in 2015 (the year... Read More »

Bay Area Employment Drops along with Unemployment Rates

Bay Area Employment Drops along with Unemployment Rates

Having recorded an above-average bump in seasonal hires in July, the number of people residing in San Francisco with a job dropped by 3,000 over the past month to 557,200. But with the labor force having dropped by 3,300 to 570,900, the employment rate in the city dropped from... Read More »

Benchmark Mortgage Rate Effectively Hits a Seven-Year High

Benchmark Mortgage Rate Effectively Hits a Seven-Year High

The average rate for a benchmark 30-year mortgage ticked up another 5 basis points over the past week to 4.65 percent, which is 82 basis points above its mark at the same time last year and within 1 basis points of the seven-year high rate of 4.66 percent which... Read More »

Sixth Straight Year-Over-Year Decline for Existing U.S. Home Sales

Having dropped 4.6 percent since the end of the first quarter, the seasonally adjusted pace of existing-home sales across the U.S. held at an annual rate of 5.34 million sales in August, which is 1.5 percent lower versus the same time last year and the sixth year-over-year decline in... Read More »