Articles Filed Under: Trends

(1,709 posts)
Bay Area Unemployment Rates Jump, Here’s Why

Bay Area Unemployment Rates Jump, Here’s Why

While the unemployment rate in San Francisco jumped from 2.9 percent in May to 3.5 percent in June, there are actually 400 more people living in the city with a job. But with school year seasonally in play, the labor force increased by 4,000 and drove the unemployment rate... Read More »

Bay Area Home Sales Slip but Edge Up in Napa and San Francisco

Bay Area Home Sales Slip but Edge Up in Napa and San Francisco

While the number of single-family homes and condos that traded hands across the Bay Area ticked 8 percent from May to June, which is typical for this time of the year, the recorded sales volume (8,679) was 6.5 percent lower than at the same time last year and represented... Read More »

Benchmark Mortgage Rate Ticks Up

Benchmark Mortgage Rate Ticks Up

Having dipped to within 10 basis points of an all-time low, the average rate for a benchmark 30-year mortgage ticked up 4 basis points to 3.45 percent over the past two weeks but remains 59 basis points below the 4.04 percent average rate in place at the same time... Read More »

Pace of U.S. Home Sales at a Nine-Year High, Price Sets a Record

The seasonally adjusted pace of existing-home sales in the U.S. ticked up 1.1 percent to an annual rate of 5.57 million sales in June, the highest annual pace since February 2007 and 3.0 percent higher versus the same time last year, but the rate of acceleration slipped from a... Read More »

New Condo Sales in San Francisco down over 30 Percent in 2016

New Condo Sales in San Francisco down over 30 Percent in 2016

We’ve compiled the monthly sales data for new condominiums in San Francisco over the past two years. While it’s not an aggregate statistic which the sales and marketing companies release, total contract signings in the first half of 2016 totaled under 400, down over 30 percent versus the first... Read More »

East Bay Office Market Cause for Concern?

East Bay Office Market Cause for Concern?

While not specifically quantified, the volume of office tenants in San Francisco seeking new space in the East Bay “dropped significantly” over the past quarter, according to an accounting by Cushman & Wakefield. And while the drop was partially attributed to a lack of available space, with the vacancy... Read More »

Three Times as Many Reduced Listings on the Market in SF

With the number of new listings for homes on the market in San Francisco having slightly outpaced sales activity over the past week, the number of homes currently listed for sale in San Francisco (808) remains at a five-year seasonal high and is now running 67 percent higher versus... Read More »

Price Index for New Condos in San Francisco Turns Negative

Price Index for New Condos in San Francisco Turns Negative

Following a trend we first noticed emerging last year, the price index for new construction condominiums in San Francisco, as compiled by the Mark Company, dropped 3 percent in June and is now running 2 percent lower versus the same time last year, the first year-over-year drop for the... Read More »

Number of Homes for Sale and Price Cuts Tick Up in San Francisco

With new listings outpacing sales over the past post-holiday week, the number of homes currently listed for sale in San Francisco ticked up by 10 percent to 804, another five-year seasonal high and 65 percent higher versus the same time last year. At a more granular level, the number... Read More »

Office Vacancy Rate in San Francisco Jumps the Most since 2009

Office Vacancy Rate in San Francisco Jumps the Most since 2009

Citing the emergence of “slow or no growth policies” amongst both start-ups and more established local firms, the office vacancy rate in San Francisco jumped 1.6 percent in the second quarter of 2016, the largest quarterly increase since the first quarter of 2009, according to data from Cushman &... Read More »