Articles Filed Under: Real Estate Economics

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Inventory of Homes for Sale in San Francisco on the Rise

Inventory of Homes for Sale in San Francisco on the Rise

Having hit a seasonal peak in June, as expected, the number of single-family homes and condos listed for sale in San Francisco has jumped an above-average 67 percent since the end of August and totaled 801 at the beginning of this week. While 8 percent lower than at the... Read More »

Employment in SF Hits Record High but Unemployment Ticks up Too

Employment in SF Hits Record High but Unemployment Ticks up Too

The number of people living in San Francisco with a job inched up by 600 in August to a record 548,500. But with the labor force having grown by 1,000 to 568,300, and the number of unemployed residents having increased to 19,700 (which is the highest tally in a... Read More »

Mortgage Rates Continues to Drop along with Odds of a Hike

Mortgage Rates Continues to Drop along with Odds of a Hike

The average rate for a benchmark 30-year mortgage dropped another 4 basis points over the past week to 3.78 percent, which is a new year-to-date low for 2017. At the same time, the current average 30-year rate remains 34 basis points above the 3.44 percent average rate in place... Read More »

Benchmark Mortgage Rate Drops along with Odds of a Hike

Benchmark Mortgage Rate Drops along with Odds of a Hike

The average rate for a benchmark 30-year mortgage slipped another 4 basis points over the past week to 3.82 percent which is another new low for the year. At the same time, the current average 30-year rate remains 36 basis points above the 3.46 percent average rate in place... Read More »

Benchmark Mortgage Rate Drops to New 2017 Low

Benchmark Mortgage Rate Drops to New 2017 Low

Having slipped back below 4 percent last month, the average rate for a benchmark 30-year mortgage slipped another 3 basis points over the past week to 3.86 percent which is the lowest average rate this year. At the same time, the current average 30-year rate remains 43 basis points... Read More »

Rents in San Francisco Lower Than at the Same Time Last Year

Rents in San Francisco Lower Than at the Same Time Last Year

Based on a comparison of over 2,000 listings in San Francisco proper, including one-off rentals as well as units in larger developments, the weighted average asking rent for an apartment in San Francisco is currently running around $4,250 a month ($3,400 for a one-bedroom), which is 1.9 percent below... Read More »

Employment in San Francisco Nearing Negative Growth

Employment in San Francisco Nearing Negative Growth

With a typical influx of summertime residents and workers in play, the number of people living in San Francisco with a job increased by 5,000 in July to 546,600 while the number of unemployed increased by 1,500 to 19,300 which caused the unemployment rate to tick up from 3.2... Read More »

Falling Rents and Returns for a Signature Two-Bedroom with Views

Falling Rents and Returns for a Signature Two-Bedroom with Views

Purchased for $1,550,000 in early 2008, the 1,317-square-foot unit #23D at 301 Main Street, a “signature” two-bedroom unit with Bay Bridge and water views in the first tower of the Infinity, was offered for rent at $6,500 a month in June of 2013, an effective CAP Rate (ROA) of... Read More »

Benchmark Mortgage Rate Ticks down along with Odds of a Hike

Benchmark Mortgage Rate Ticks down along with Odds of a Hike

Having slipped back below 4 percent three weeks ago, the average rate for a benchmark 30-year mortgage inched down another 3 basis points over the past week to 3.90 percent, which is within 2 basis points of this year’s low (3.88 percent) but remains 45 basis points above the... Read More »

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 »