Articles Filed Under: Trends

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Pace of Existing U.S. Home Sales Drops on Diminished Buyer Traffic

The seasonally adjusted pace of existing-home sales in the U.S. fell 3.2 percent to an annual rate of 5.39 million sales in July. And for the first time in eight months, and only the second time in nearly two years, the rate of sales is lower on a year-over-year... Read More »

Pace of New U.S. Home Sales above Average for First Time in 9 Years

Pace of New U.S. Home Sales above Average for First Time in 9 Years

The pace of new single-family home sales in the U.S. jumped 12.4 percent from a downwardly revised annual rate of 582,000 sales in June to an annual rate of 654,000 sales in July, which is 31.3 percent higher than the rate of sales at same time last year (498,000)... Read More »

Number of Homes for Sale in San Francisco Ticks Up

At a time of the year when the inventory of single-family homes and condos on the market in San Francisco is typically on the decline, the number of homes currently listed for sale in the city ticked up a couple points over the past week to 675, which is... Read More »

Bay Area Home Sales Take a Hit but Tick up in San Francisco

Bay Area Home Sales Take a Hit but Tick up in San Francisco

The number of single-family homes and condos that traded hands across the Bay Area dropped an above average 10.5 percent from June to July and the recorded sales volume (7,900) was 13.5 percent lower than at the same time last year, the fifth straight month with increasing year-over-year declines,... Read More »

Bay Area Employment Jumped Like Kris Kross in July

Bay Area Employment Jumped Like Kris Kross in July

With school year seasonality and an influx of interns in play, both the labor force and number of people living in San Francisco with a job jumped like Kris Kross in July. While the jumps were to be expected, the 9,900 person increase in the labor force was 65... Read More »

San Jose Breaks the Million Dollar Mark for Single-Family Homes

For the first time ever, a major metropolitan area in U.S. has recorded a median sale price above $1 million for single-family homes. And that honor belongs to San Jose, which includes Sunnyvale and Santa Clara. Behind San Jose at $1,085,000, which is 10.7 percent higher versus the same... Read More »

Where the Most San Franciscans Will Live and Work in 25 Years

Where the Most San Franciscans Will Live and Work in 25 Years

Taking into account current neighborhood populations and commercial corridors, along with the pipeline of residential and commercial development and neighborhood plans for growth, such as the Central SoMa Plan, the City has mapped San Francisco’s projected population and employment centers circa 2040: Read More »

Inventory of Homes for Sale in San Francisco Dips on Seasonality

With the typical August slowdown underway, the number of single-family homes and condos listed for sale in San Francisco has dropped roughly 20 percent over the past three weeks, with price cuts having spurred sales and units that haven’t sold being withdrawn from the MLS (and likely to reappear... Read More »

Number of Apartments and Condos in SF’s Pipeline Holds at 63K

Number of Apartments and Condos in SF’s Pipeline Holds at 63K

With new proposals for slightly fewer units of housing than finished construction last quarter, the overall pipeline of apartments and condos under development in San Francisco slipped by a hundred to 63,300. In addition to 7,000 new units of housing that are currently under construction and should be ready... Read More »

Benchmark Mortgage Rate Drops along with Probability of a Hike

Benchmark Mortgage Rate Drops along with Probability of a Hike

Having ticked up over the past three weeks, the average rate for a benchmark 30-year mortgage has dropped to 3.43 percent, which is down 5 basis points over the past week and within 12 basis points of the all-time low rate of 3.31 percent recorded in November 2012. And... Read More »