Articles Filed Under: Real Estate Economics

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Inventory of Homes for Sale in San Francisco Ticks Up

Inventory of Homes for Sale in San Francisco Ticks Up

Driven in part by a slowdown in sales activity since the beginning of the year, the number of single-family homes and condos actively listed for sale in San Francisco has ticked up a little over 6 percent over the past month to 690, which is roughly even with the... Read More »

Mortgage Rates Slip along with the Odds of a Rate Hike in June

Mortgage Rates Slip along with the Odds of a Rate Hike in June

Having ticked up to a 7-year high, the average rate for a benchmark 30-year mortgage slipped 10 basis points over the past week to 4.56 percent but remains 62 basis points above its average rate of 3.94 percent at the same time last year, according to Freddie Mac’s latest... Read More »

Asking Rents Inch up in San Francisco and Oakland

Asking Rents Inch up in San Francisco and Oakland

Having ended last year lower than where they started, asking rents for apartments in San Francisco have since ticked up a little over 3 percent since the beginning of the year, but the majority of said gain can be attributed to normal seasonality. In fact, based on a comparison... Read More »

Mortgage Rates Move Higher, Odds of a Rate Hike Slip

Mortgage Rates Move Higher, Odds of a Rate Hike Slip

Having hit a 7-year high last week, the average rate for a benchmark 30-year mortgage has ticked up another 5 basis points to 4.66 percent, which is 71 basis points above its mark of 3.95 percent at the same time last year and the highest average rate since May... Read More »

Bay Area Unemployment Drops, but Employment Drops as Well

Bay Area Unemployment Drops, but Employment Drops as Well

While the unemployment rate in San Francisco has just dropped to a record low 2.1 percent, the number of people living in the city with job has actually dropped by 5,400 to 552,400 since the beginning of the year, having dropped by 3,200 last month alone. But with the... Read More »

Mortgage Rates Hit Seven-Year Highs, Odds of a Rate Hike Hold

Mortgage Rates Hit Seven-Year Highs, Odds of a Rate Hike Hold

Having ticked up 6 basis points over the past week, the average rate for a benchmark 30-year mortgage now measures 4.61 percent, which is 59 basis points higher than the 4.02 percent rate in place at the same time last year and the highest average rate since May of... Read More »

Benchmark Mortgage Rate Holds along with Odds of a Rate Hike

Benchmark Mortgage Rate Holds along with Odds of a Rate Hike

The average rate for a benchmark 30-year mortgage held at 4.55 percent over the past week but remains 50 basis points above the 4.05 percent rate in place at the same time last year and within 5 basis points of an effective 7-year high, according to Freddie Mac’s Primary... Read More »

Number of Homes for Sale in San Francisco Is on the Rise

Number of Homes for Sale in San Francisco Is on the Rise

Driven in part by a pronounced slowdown in sales activity since the end of last year, the number of single-family homes and condos actively listed for sale in San Francisco (650) is currently running 3 percent higher versus the same time last year (630) and 41 percent above the... Read More »

SF Population Ticks Up to 884,000; Bay Area Nearing 7.8 Million Mark

The estimated population of San Francisco proper has inched up from 880,400 in July of 2017 to 884,000 as of January 1, 2018, according to the latest data from California’s Department of Finance. As such, San Francisco’s population increased by roughly 10,000 (1.14 percent) in 2017, with 64 percent... Read More »

Benchmark Mortgage Rate Jumps, Nearing 7-Year High

Benchmark Mortgage Rate Jumps, Nearing 7-Year High

The average rate for a benchmark 30-year mortgage jumped 11 basis points over the past week to 4.58 percent, which is 55 basis points higher than the 4.03 percent rate in place at the same time last year and an effective 7-year high, matching the 4.58 percent average rate... Read More »