Articles Filed Under: Real Estate Economics

(1,064 posts)
Bay Area Employment Ticks Up, Unemployment as Well

Bay Area Employment Ticks Up, Unemployment as Well

Having jumped in September, the number of people living in San Francisco with a job ticked up by another 1,800 over the past month to a record 565,700 in October while the labor force increased by 2,200 to a record 578,900, pushing the employment rate up from 2.2 to... Read More »

Number of Homes for Sale in SF Remains at a 7-Year Seasonal High

Number of Homes for Sale in SF Remains at a 7-Year Seasonal High

Having hit a 7-year high in the absolute last month, the number of listed homes on the market in the San Francisco has ticked down 3 percent over the past two weeks to 930 but remains 39 percent higher versus the same time last year, 82 percent above its... Read More »

Benchmark Mortgage Rate Nearing Its 8-Year High

Benchmark Mortgage Rate Nearing Its 8-Year High

Having slipped at the end of October, the average rate for a benchmark 30-year mortgage increased 11 basis points over the past week to 4.94 percent, which is 104 basis points (1.04 percentage points) above its mark at the same time last year, the highest average rate since the... Read More »

Pending Home Sales in San Francisco Haven’t Rebounded

While Bay Area home sales plunged nearly 20 percent on a year-over-year basis in September, to an 11-year seasonal low, home sales in San Francisco were only down 6.5 percent on a year-over-year basis but totaled the fewest transactions in the month of September in over 15 years. At... Read More »

40 Percent More Homes on the Market in San Francisco

Having peaked at a 7-year high last month in the absolute, the relative number of homes listed for sale in the San Francisco (940) remains around 40 percent higher versus the same time last year. At a more granular level, the number of single-family homes currently listed for sale... Read More »

Mortgage Rates Slip but Hover near 8-Year Highs

Mortgage Rates Slip but Hover near 8-Year Highs

Having jumped to 4.9 percent in early October, which was the highest average rate since early 2011, the average rate for a benchmark 30-year mortgage has slipped 7 basis points over the past three weeks to 4.83 percent, which is still 89 basis points above its mark at the... Read More »

Index for Bay Area Home Values Slips

Index for Bay Area Home Values Slips

Having inched up 0.6 percent to a record high in July, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – slipped 0.3 percent in August but remains 10.6 percent higher on a... Read More »

Inventory Peaks in San Francisco, Price Cuts on the Rise

With the number of homes actively listed for sale in the San Francisco hovering around 960, the 7-year high it hit last week, inventory levels appear to have peaked for the year and are now running an average of 40 percent higher on a year-over-year basis. At a more granular... Read More »

Asking Rents in San Francisco and Oakland Slip

Asking Rents in San Francisco and Oakland Slip

Having ticked up a little over 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 – slipped around 2 percent in October and is now... Read More »

New Home Sales in the U.S. Drop with Inventory at a 9-Year High

New Home Sales in the U.S. Drop with Inventory at a 9-Year High

Having actually dropped a downwardly revised 3.0 percent in August, the seasonally adjusted pace of new single-family home sales in the U.S. dropped another 5.5 percent in September to an annual pace of 553,000 sales which is 15.1 percent below the long-term average for this time of the year... Read More »