Articles Filed Under: Real Estate Economics

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Asking Rents Tick up in San Francisco, Slip in Oakland

Asking Rents Tick up in San Francisco, Slip in Oakland

Having ended last year lower than where they started, asking rents for apartments in San Francisco have ticked up around 3 percent since the beginning of the year, roughly half of which can be attributed to normal seasonality. And in fact, based on a comparison of nearly 3,000 listings,... Read More »

The Economics of a Rincon Hill Condo and Reality Check Redux

The Economics of a Rincon Hill Condo and Reality Check Redux

As we originally outlined back in the third quarter of 2015: Purchased for $700,000 in 2012, or roughly $1,150 per square foot, the one-bedroom One Rincon Hill condo #4404 was listed as a rental for $3,800 in mid-2014 and actually rented for $3,750 per month, which included valet parking... Read More »

Bay Area Employment Slips from Record Highs

Bay Area Employment Slips from Record Highs

At a time of the year when Bay Area employment figures typically tick up, the number of people living in the city of San Francisco with a job dropped by 1,200 in March to 555,500. But with 2,300 people having been removed from the labor force, the unemployment rate... Read More »

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

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

The average rate for a benchmark 30-year mortgage has ticked up 7 basis points over the past two weeks to 4.47 percent, which is the highest rate so far this year, 50 basis points higher than at the same time last year (3.97 percent), and within 11 basis points... Read More »

Mortgage Rates Slip, Odds of a Rate Hike Hold

Mortgage Rates Slip, Odds of a Rate Hike Hold

The average rate for a benchmark 30-year mortgage slipped 4 basis points over the past week to 4.40 percent but remains 30 basis points higher than the average rate in place at the same time last year (4.10 percent) and within 18 basis points of a 5-year high (4.58... Read More »

Mortgage Rates Hold, Fed’s Next Rate Hike Expected in June

Mortgage Rates Hold, Fed’s Next Rate Hike Expected in June

With the impact of the Fed’s predicted rate hike last week having already been priced in, the average rate for a benchmark 30-year mortgage has been holding around 4.44 percent, which is 30 basis points higher on a year-over-year basis, an increase of 51 basis points since the beginning... Read More »

Employment Ticks up to (Mostly) Record Highs as Growth Slows

Employment Ticks up to (Mostly) Record Highs as Growth Slows

Having dropped by a downwardly revised 3,700 at the beginning of the year, the number of people living in the city of San Francisco with a job increased by 2,900 in February to a near record 557,000 and the unemployment rate dropped from 2.7 to 2.6 percent. And as... Read More »

San Francisco and Oakland Rents Inch up but Remain below Peak

San Francisco and Oakland Rents Inch up but Remain below Peak

Having ended last year lower than where they started, asking rents for apartments in San Francisco have inched up around one (1) percent over the past two months, in part due to the typical seasonality in rents. And in fact, based on a comparison of roughly 2,600 listings, the... Read More »

The Fed Institutes Another Rate Hike, Signals Seven More to Come

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 expectations for two more quarter-point increases in 2018, three in 2019 and another two in 2020. The Fed dropped the benchmark rate five... Read More »

Mortgage Rates Slip, Odds of a Rate Hike Rise

Mortgage Rates Slip, Odds of a Rate Hike Rise

Having ticked up 51 basis points since the beginning of the year, the average rate for a benchmark 30-year mortgage slipped 2 basis points over the past week to 4.44 percent but remains 14 basis points higher on a year-over-year basis and within 14 basis points of a 5-year... Read More »