Articles Filed Under: Trends

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San Francisco’s Unemployment Rate Under 4%, Lowest In 9 Years

San Francisco’s Unemployment Rate Under 4%, Lowest In 9 Years

Employment in San Francisco hit a new all-time high in December and the unemployment rate dropped to 3.8 percent, the first time the unemployment rate in the city has been under 4 percent since 2007 and the lowest rate in nine years. The drop in San Francisco’s unemployment rate... Read More »

Existing-Home Sales In The U.S. Slipped In 2014

While the seasonally adjusted pace of existing-home sales in the U.S. increased 2.4 percent in December to an annualized rate of 5.04 million homes, 3.5 percent higher than at the same time in 2013, total existing home sales in 2014 (4.93 million) were 3.1 percent lower than the year... Read More »

The Twenty Priciest Silicon Valley Zip Codes

The Twenty Priciest Silicon Valley Zip Codes

The median sale price for a home in Atherton (94027) was $3.9 million last year, up 4 percent from 2013, making it the priciest zip code in Silicon Valley. Behind Atherton and Los Altos Hills’ 94022 at $2.45 million, Palo Alto’s 94301 tied for third at $2.2 million with... Read More »

Oakland Office Vacancy Rate Under 10% For First Time Since 2008

The vacancy rate for office space in Oakland’s Central Business District has dropped to 9.6 percent, the first time it has been under 10 percent since the third quarter of 2008 according to DTZ (which recently acquired Cassidy Turley). And with the decrease in the vacancy rate, the going... Read More »

Violent Crime Climbing In SF And Supervisors Out Of The Loop

According to a City Analyst’s just released report, despite the fact that the rate of violent crime in San Francisco has been climbing since 2011, increasing from 677 violent crimes per 100,000 residents in 2011 to 850 crimes per 100,000 residents in 2013, driven primarily by an increase in... Read More »

San Francisco Median Home Price Slips As Bay Area Ticks Up

San Francisco Median Home Price Slips As Bay Area Ticks Up

Having hit a record high of $1,072,500 in November, the median price paid for a home in San Francisco dropped 12 percent to $949,000 in December but remains 17 percent higher on a year-over-year basis versus 27 percent higher on a year-over-year basis the month before. In terms of... Read More »

Mortgage Rates Continue To Drop, Jumbos At A Small Premium

Mortgage Rates Continue To Drop, Jumbos At A Small Premium

The average rate for a conforming 30-year mortgage has fallen for the third week in a row to 3.66 percent, the lowest rate since May 2013 when the rate averaged 3.59 percent and 75 basis points below the 4.41 percent average rate at the same time last year. And... Read More »

Mortgage Rates Drop As Bond Market Sounds An Economic Warning

The average rate for a conforming 30-year mortgage has dropped to 3.73 percent, the lowest rate since May of 2013 when the rate averaged 3.59 percent and 78 basis points below the 4.51 percent average rate at the same time last year. While the Federal Reserve is expected to... Read More »

Ten-To-One: San Francisco’s Housing Market In A Nutshell

Around 7,500 units of housing have been built in San Francisco since January 1, 2010.  Over the same five years, the number of employed residents has increased by 74,000.  And in a nutshell, that ten-to-one ratio has been driving the trend in rents and property values. With nearly 7,000... Read More »

Pending U.S. Home Sales Inch Up

Having slipped in October, the National Association of Realtors Pending Home Sales Index inched up 0.8 percent in November and is running 4.1 percent higher on a year-over-year basis. The Pending Home Sales index for the West increased 0.4 percent in November and is running 4.9 percent higher versus the... Read More »

San Francisco Home Values Reverse Course, Condos Hit New High

San Francisco Home Values Reverse Course, Condos Hit New High

Single-family home values within the San Francisco MSA have ticked up for the first time in three months, gaining 0.8 percent from September to October and running 9.1 percent higher than at the same time last year, according to the latest S&P Case-Shiller Home Price Index. While the aggregate... Read More »

Still Expensive Atop Linea, But A Little Less So Than Before

Still Expensive Atop Linea, But A Little Less So Than Before

Three months ago, a two-bedroom condo at Linea, the listing for which boasted “perhaps the best floor plan” in the building along Market at Buchanan was flipped for $1,266 per square foot. Two months ago, another two-bedroom at 8 Buchanan, the listing for which boasted “by far the best layout... Read More »

San Francisco’s Largest Office Space Pipeline In Over 30 Years

Over the past year, roughly 280,000 square feet of net new commercial space hit the market in San Francisco, a drop in the bucket relative to the current demand for space which has led to a spike in rents. And while nearly 3 million square feet of new office... Read More »

New U.S. Home Sales Slip While Inventory Grows

New U.S. Home Sales Slip While Inventory Grows

The seasonally adjusted annual pace of new single-family home sales in the U.S. slipped 1.6 percent in November to an annual rate of 438,000 as the October pace was downwardly revised from 458,000 to 445,000. New home sales are now running at a pace which is 1.6 percent lower than at... Read More »

Existing U.S. Home Sales Slide To Slowest Pace In Six Months

The seasonally adjusted pace of existing-home sales in the U.S. dropped 6.1 percent in November to an annualized rate of 4.93 million homes, the slowest pace in six months but 2.1 percent higher than at the same time last year. At the same time, the inventory of unsold homes... Read More »