Articles Filed Under: Real Estate Economics

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2018 Ended with Bay Area Employment at a Record High

2018 Ended with Bay Area Employment at a Record High

The number of people living in San Francisco with a job ticked up by 2,000 in December to a record 572,800, roughly matching the December increase in the labor force (1,900) which held the unemployment rate in the city, which hit a record low of 2.1 percent this past... Read More »

Inventory of Homes for Sale in SF Trending Up in 2019, Sales Down

Inventory of Homes for Sale in SF Trending Up in 2019, Sales Down

Having ended 2018 with around 36 percent more homes on the market in San Francisco than there were at the end of 2017, which is right in line with the ongoing trend that we’ve been tracking over the past couple of years, the number of homes listed for sale... Read More »

Office Rents in San Francisco Ended 2018 at a Record High

Office Rents in San Francisco Ended 2018 at a Record High

Driven in part by the delivery of a record 3.7 million square feet of shiny new office space over the past year, all of which was delivered pre-leased, the average asking rent for office space in San Francisco ticked up 1.1 percent in the fourth quarter of 2018 to... Read More »

Mortgage Rates Drop to a 9-Month Low, Application Volume Jumps

Mortgage Rates Drop to a 9-Month Low, Application Volume Jumps

Having shed 6 basis points over the past week, the average rate for a benchmark 30-year mortgage has dropped to 4.45 percent, which is 49 basis points below the 7-year high of 4.94 percent it hit this past November and a 9-month low but still 46 basis points above... Read More »

Price Cuts Up, Pending Sales Down in San Francisco

Having ended 2018 with around 36 percent more homes on the market in San Francisco than there were at the end of 2017, which is right in line with the trend we’ve been tracking over the past couple of years, the number of homes currently in contract to be... Read More »

2018 Ends with More Homes for Sale in SF, Pending Sales Down

2018 Ends with More Homes for Sale in SF, Pending Sales Down

With only a handful of homes having been newly listed for sale over the past week, and the seasonal culling of unsold listings – which will likely return to the market as “new” in the new year – having peaked, the number of homes actively listed for sale in... Read More »

Mortgage Rates End the Year Half a Point Higher

Mortgage Rates End the Year Half a Point Higher

Having hit a 7-year high of 4.94 percent last month, the average rate for a benchmark 30-year mortgage has since dropped 39 basis points, including 7 basis points over the past week, to 4.55 percent but remains 56 basis points above its mark at the same time last year,... Read More »

Indexes for Bay Area Home Values Slip and Fall

Indexes for Bay Area Home Values Slip and Fall

Having slipped 0.7 percent in October, 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 – has shed a total of 1.0 percent over the past quarter and its year-over-year gain has dropped... Read More »

Bay Area Employment Trends up to Another Record High

Bay Area Employment Trends up to Another Record High

Having ticked up in October, the number of people living in San Francisco with a job increase by another 5,500 over the past month to a record 571,000 at the end of November and the labor force increased by 5,000 to 583,700, pushing the unemployment rate, which hit a... Read More »

The Fed Raises Rates, Signals Two More Hikes in 2019

As projected, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 25 basis points to between 2.25 and 2.5 percent, while signaling expectations for two more quarter-point increases in 2019, down from a previously expected three. The Fed dropped the benchmark... Read More »