Articles Filed Under: Real Estate Economics

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SF and Oakland Rents Down, Relative Premium Up

SF and Oakland Rents Down, Relative Premium Up

Following the trend we first noticed forming twelve months ago, asking rents for apartments in San Francisco and Oakland have dropped over the past year. In fact, based on a comparison of nearly 3,000 listings, the weighted average asking rent for an apartment in San Francisco (including one-off rentals... Read More »

Record Employment in San Francisco and around the Bay

Record Employment in San Francisco and around the Bay

The number of people living in the city of San Francisco with a job jumped by 6,700 in September to a record 555,200, pushing the unemployment rate back down to 2.9 percent. As such, there are now 89,700 more people living in San Francisco with paychecks than there were... Read More »

Mortgage Rates on the Move as Odds of a Rate Hike Hold

Mortgage Rates on the Move as Odds of a Rate Hike Hold

The average rate for a benchmark 30-year mortgage ticked up another 6 basis points over the past week to 3.91 percent which is 44 basis points above the 3.47 percent rate in place at the same time last year and 50 basis points above last year’s low of 3.41... Read More »

Odds of a Rate Hike Rocket

Odds of a Rate Hike Rocket

The average rate for a benchmark 30-year mortgage inched up 2 basis points over the past week to 3.85 percent, which is now 43 basis points above the 3.42 percent rate in place at the same time last year and 44 basis points above 2016’s 3.41 percent low, according... Read More »

Mortgage Rates Tick Up and Odds of a Hike Jump

Mortgage Rates Tick Up and Odds of a Hike Jump

The average rate for a benchmark 30-year mortgage ticked up 5 basis points over the past week to 3.83 percent, the first real rise in rates since early July. The current average rate is now 35 basis points above the 3.48 percent rate in place at the same time... Read More »

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 »