Articles Filed Under: Real Estate Economics

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Asking Rents in SF and Oakland Ticked Up but Didn’t Peak in Q3

Asking Rents in SF and Oakland Ticked Up but Didn’t Peak in Q3

Having ticked up a little over one (1) percent from the second to third quarter of this year, the weighted average asking rent for an apartment in San Francisco – including one-off rentals as well as those in larger developments such as 150 Van Ness above – is now... Read More »

Whitewashed Victorian Fetches $250K More

Whitewashed Victorian Fetches $250K More

Purchased for $2.55 million last year, the “Exceptional Eureka Valley Home” at 3751-3753 17th Street, which had been “lovingly curated” by the same owner for over 40 years, was subsequently remodeled and its ornate detailing and original woodwork was whitewashed. Sporting two new kitchens and baths, the 3,100-square-foot duplex... Read More »

Inventory of Homes for Sale in San Francisco Hits 7-Year High

Inventory of Homes for Sale in San Francisco Hits 7-Year High

Following a trend which shouldn’t catch any plugged-in readers by surprise, the number of homes actively listed for sale in the San Francisco (900) has just hit a 7-year high and is now running 12 percent higher on a year-over-year basis and 30 percent above its mark at the... Read More »

Mortgage Rates Rise, Largest YOY Increase since 2014

Mortgage Rates Rise, Largest YOY Increase since 2014

The average rate for a benchmark 30-year mortgage ticked up another 6 basis points over the past week to 4.6 percent, which is 82 basis points above its mark at the same time last year, which is the largest year-over-year (YOY) increase since May of 2014, and within 6... Read More »

Mortgage Rates Inch Up, Probability of a Rate Hike Hits 100 Percent

Mortgage Rates Inch Up, Probability of a Rate Hike Hits 100 Percent

The average rate for a benchmark 30-year mortgage inched up 2 basis points over the past week to 4.54 percent, which is 76 basis points above its average rate of 3.88 percent at same time last year and within 12 basis points of its seven-year high (4.66 percent) which... Read More »

Record Pipeline of Development in San Francisco Continues to Grow

Record Pipeline of Development in San Francisco Continues to Grow

With the number of newly proposed units of housing to be built in San Francisco having outpaced the number of units that recently finished up construction for the third quarter in a row, the overall pipeline of apartments and condos under development in San Francisco increased by 1,800 in... Read More »

Benchmark Mortgage Rate Hovering Around 4.5 Percent

Benchmark Mortgage Rate Hovering Around 4.5 Percent

Having bounced around a narrow 15 basis point band over the past four months, the average rate for a benchmark 30-year mortgage has been hovering around 4.5 percent over the past couple of weeks, which is 70 basis points above its 3.82 percent average rate at same time last... Read More »

Key Trends of Homes for Sale in San Francisco Hold

Heading into a typically quiet Labor Day weekend, after which the inventory of homes on the market in San Francisco typically starts to climb, the number of homes listed for sale in the city (545) is already running 14 percent higher versus the same time last year (480) and... Read More »

Average Asking Rents in San Francisco and Oakland Slip

Average Asking Rents in San Francisco and Oakland Slip

The weighted average asking rent for an apartment in San Francisco, including one-off rentals as well as those in larger developments, slipped another 1.4 percent over the past month to $4,170, which is 2.0 percent lower than at the same time last year and 6.6 percent below a peak... Read More »

Seasonal Hiring Pushes Bay Area Employment to a Record High

Seasonal Hiring Pushes Bay Area Employment to a Record High

With an above-average bump in seasonal hires, the unemployment rate in San Francisco dropped from 2.7 percent in June to 2.4 percent in July, with the labor force having increased by 8,700 to 574,400 and the number of people residing in the city with a job, including summer interns... Read More »