Articles Filed Under: Real Estate Economics

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Asking Rents in San Francisco and Oakland Tick Up

Asking Rents in San Francisco and Oakland Tick Up

Having ended last year lower than where they started, asking rents for apartments in San Francisco have since ticked up nearly 6 percent since the beginning of the year. But once again, the majority of said gain can be attributed to normal seasonality. In fact, based on a comparison... Read More »

A Six-Figure Salary Is NOT ‘Low Income’ in San Francisco

A Six-Figure Salary Is NOT ‘Low Income’ in San Francisco

Despite making for a shocking headline, a “six-figure salary” is not actually considered “low income” for residents of San Francisco. Yes, for a household of four in the city, a total household income below $117,400 is considered “low income” per the U.S. Department of Housing and Urban Development, the... Read More »

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

Speaking of inventory levels, and despite what you might have read elsewhere, while the number of homes on the market in San Francisco has inched down over the past week with normal seasonality in play, there are actually 4 percent more homes on the market right now (710) than... Read More »

Benchmark Mortgage Rate Slips Post Hike

Benchmark Mortgage Rate Slips Post Hike

With last week’s expected rate hike already priced in, and the 10-year Treasury having dipped following said hike, the average rate for a benchmark 30-year mortgage slipped 5 basis points over the past week to 4.57 percent but remains 67 basis points higher on a year-over-year basis and within... Read More »

Bay Area Employment Inches Up, but Not in San Francisco

Bay Area Employment Inches Up, but Not in San Francisco

While the unemployment rate in San Francisco is holding at a record low 2.1 percent, the number of people living in the city with job has actually dropped by 4,900 to 552,900 since the beginning of the year. And while the estimated change in employment last month was a... Read More »

Mortgage Rates Ticked Up Prior to Yesterday’s Rate Hike

Mortgage Rates Ticked Up Prior to Yesterday’s Rate Hike

While measured prior to the Fed’s announcement yesterday, the average rate for a benchmark 30-year mortgage had ticked up 8 basis points over the past week to 4.62 percent, which is 71 basis points above its average rate of 3.91 percent at the same time last year and within... Read More »

The Fed Institutes Another Rate Hike, Signals Two More This Year

As predicted, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 0.25 percent (25 basis points) and signaling accelerated expectations for two more quarter-point increases by the end of this year, which is one more than previously expected. The Fed dropped... Read More »

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 »