Articles Filed Under: Real Estate Economics

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The Economics Dooming the Opera Plaza Cinemas and Its Ilk

The Economics Dooming the Opera Plaza Cinemas and Its Ilk

As we first reported last week, plans to shutter the Opera Plaza Cinema are in the works. And as proposed, the 6,381-square-foot space will be converted into “Retail Sales and Service” use. While a specific tenant has yet to be identified, as a plugged-in reader correctly surmised, a “Health... Read More »

Benchmark Mortgage Rate Back Below 4 Percent

Benchmark Mortgage Rate Back Below 4 Percent

Having ticked up to 4.03 percent two weeks ago, the average rate for a benchmark 30-year mortgage is now back down to 3.92 percent but remains 44 basis points above the 3.48 percent average rate in place at the same time last year and 51 basis points above last... Read More »

Top Tier Slips but Indexes for Bay Area Home Values Hit New Highs

Top Tier Slips but Indexes for Bay Area Home Values Hit New Highs

Having gained 1.5 percent in April, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – inched up 0.5 percent in May and the index for area condos gained 0.8 percent, lifting each... Read More »

SF Employment Dropped in First Half of 2017, First Time since 2009

SF Employment Dropped in First Half of 2017, First Time since 2009

With no growth in the number of people living in San Francisco with a job last month (542,100), despite an increase in the labor force by 2,800 to 559,800, the unemployment rate in San Francisco ticked up from 2.7 to 3.2 percent in June. And for the first time... Read More »

Benchmark Mortgage Rate Back over 4 Percent

Benchmark Mortgage Rate Back over 4 Percent

The average rate for a benchmark 30-year mortgage ticked up another 7 basis points over the past week to 4.03 percent and is currently running 61 basis points above the 3.42 percent average rate in place at the same time last year and 12 basis points above the average... Read More »

Inventory of Homes for Sale in S.F. Appears to Have Plateaued

Inventory of Homes for Sale in S.F. Appears to Have Plateaued

With supply (new listings) roughly even with demand (sales) over the past three months, the number of single-family homes and condos currently listed for sale in San Francisco now totals 593, which is 3.6 percent lower than at the beginning of April and 26.2 percent lower than at the... Read More »

Benchmark Mortgage Rate Ticks Up to 3.96%

Benchmark Mortgage Rate Ticks Up to 3.96%

Having held relatively steady since the Fed’s rate hike a few weeks ago, the average rate for a benchmark 30-year mortgage ticked up 8 basis points over the past week to 3.96 percent, which is 55 basis points above the 3.41 percent average rate at the same time last... Read More »

Indexes for Bay Area Home and Condo Values Hit New Highs

Indexes for Bay Area Home and Condo Values Hit New Highs

Having ticked up an upwardly revised 1.1 percent in March, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – gained another 1.5 percent in April and the index for area condos gained... Read More »

Bay Area Home Sales (Mostly) Rebounded in May

Bay Area Home Sales (Mostly) Rebounded in May

Having dropped a downwardly revised 13.0 percent in April, the number of single-family homes and condos that traded hands in San Francisco rebounded 17.2 percent to 560 in May, which is 9.8 percent higher versus the same time last year as compared to 18.0 percent lower on a year-over-year... Read More »

Benchmark Mortgage Rate Holds Post Hike

Benchmark Mortgage Rate Holds Post Hike

With the probability of the Fed’s rate hike last week already priced in, the average rate for a benchmark 30-year mortgage barely moved over the past seven days, dropping one (1) basis point to an average rate of 3.90 percent and to within one (1) basis point of the... Read More »