Articles Filed Under: Trends

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55,000 Units Of Housing In San Francisco’s Development Pipeline

55,000 Units Of Housing In San Francisco’s Development Pipeline

According to our survey of the Planning Department’s data, there are roughly 8,100 net-new units of housing currently under construction in San Francisco and 5,600 units for which the building permits have been issued, approved or already requested and construction could soon begin. Another 28,300 units of housing have... Read More »

Benchmark Mortgage Rate Drops To A Three-Month Low

Benchmark Mortgage Rate Drops To A Three-Month Low

Having dipped back below 4 percent four weeks ago, the average rate for a 30-year mortgage has dropped to 3.84 percent, the lowest average rate since May and versus 4.10 percent at the same time last year, according to Freddie Mac’s latest Primary Mortgage Market Survey. The 30-year rate,... Read More »

Pending U.S. Home Sales Index Relatively Unchanged In July

Having slipped from a nine-year high in June, the National Association of Realtors Pending Home Sales Index eked out a 0.5 percent gain in July. The index, for which 100 denotes an average level of activity, currently measures 110.9 which is 7.4 percent higher on a year-over-year basis versus 8.2... Read More »

San Francisco Home Sales And Median Price Slip

San Francisco Home Sales And Median Price Slip

Recorded sales activity for single-family homes and condos in San Francisco slipped 4.6 percent from June to July and is running 2.0 percent lower versus the same time last year versus 5.3 percent higher on a year-over-year basis last month. Keep in mind that sales activity typically drops 5 percent... Read More »

Pace Of New U.S. Home Sales Ticks Up In July

Pace Of New U.S. Home Sales Ticks Up In July

Having suddenly dropped 6.8 percent in June to the slowest pace in seven months, the seasonally adjusted pace of new single-family home sales in the U.S. gained 5.4 percent in July. At a rate of 507,000 annual sales, the current pace is 25.8 percent higher than at the same... Read More »

Bay Area Condo Values Slip, Single-Family Home Values Tick Up

Bay Area Condo Values Slip, Single-Family Home Values Tick Up

Single-family home values within the San Francisco Metropolitan Area gained 0.4 percent in June while condominium values slipped 0.5 percent, according to the latest S&P Case-Shiller Home Price Index. The San Francisco index for single-family homes is currently running 9.5 percent higher on a year-over-year basis. And having gained... Read More »

It Was Black Monday In China And U.S. Markets Sang The Blues  

China’s benchmark Shanghai Composite Index tumbled 8.5 percent today and the U.S. markets followed suit, with the Dow Jones Industrial Average shedding 3.6 percent to 15,871.35 and the S&P 500 closing at 1,893.21, down 3.9 percent for the day and a technical correction of 10 percent over the past... Read More »

San Francisco And East Bay Employment Rocket To Record Highs

San Francisco And East Bay Employment Rocket To Record Highs

Having slipped by about a thousand in June, the number of people living in San Francisco with a job jumped by 6,500 in July and now totals a record 532,100, up 20,900 versus the same time last year and an increase of 95,400 since January 2010, a 22 percent... Read More »

2% Annual Appreciation Since 2007, With A Bit Of Volatility Between

2% Annual Appreciation Since 2007, With A Bit Of Volatility Between

Purchased as new for $810,000 in July of 2007, the top-floor one-bedroom condo #411 at 310 Townsend Street resold for $575,000 in December of 2011, a 29 percent drop for the brick and timber unit across from Caltrain. Returned to the market last month listed for $899,000, the condo... Read More »

The Most Expensive U.S. Metro Areas: San Jose And San Francisco

San Jose (#1) and San Francisco (#2) remain the two most expensive major metropolitan areas in U.S. for single-family homes and the gap between the two and the rest of the nation widened in the second quarter of the year. The median selling price for a single-family home in... Read More »