Articles Filed Under: Trends

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Twenty Years of Eviction History in San Francisco

Twenty Years of Eviction History in San Francisco

An aggregation of the Rent Board’s last twenty years of annual reporting, from March of 1997 to February 2017, provides a broader perspective with respect to eviction notice trends in San Francisco. While notices specifically related to Owner Move-In and Ellis Act evictions had been trending up in the... Read More »

San Francisco Home Sales and Median Price Slip as Bay Area Gains

San Francisco Home Sales and Median Price Slip as Bay Area Gains

While the number of single-family homes and condos that traded hands in San Francisco last month jumped 44.5 percent from an upwardly revised 346 in February to 500 in March with typical seasonality in play, the volume was 5.3 percent lower on a year-over-year basis versus a 7.9 percent... Read More »

Pending U.S. Home Sales Slip, Running Below Average in the West

Having rebounded 5.5 percent in February, the National Association of Realtors Pending Home Sales Index, for which 100 denotes an average level of activity, slipped 0.8 percent in March to 111.4, which is 0.8 percent higher than at the same time last year. And in the West, the index... Read More »

Bay Area Single-Family Home Values Hit an All-Time High

Bay Area Single-Family Home Values Hit an All-Time High

Having slipped at the beginning of the year, 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 – ticked up 1.2 percent in February to an all-time high. The overall index for single-family... Read More »

Pace of New Home Sales in the U.S. Jumped in March

The seasonally adjusted rate of new single-family home sales in the U.S. jumped 5.8 percent from February to March, hitting an eight-month high of 621,000 annual sales, which is 15.6 percent above the rate at the same time last year. That being said, last month’s pace remains 4.8 percent... Read More »

Zestimated at $8.1 Million Last Year, sold for $4.55 Million Last Week

Zestimated at $8.1 Million Last Year, sold for $4.55 Million Last Week

With a “Zestimate” of $8.1 million, the “rare and extraordinary…Telegraph Terrace Penthouse” unit #20 at 175 Francisco Street hit the market priced at $7.5 million in June of last year. Reduced to $6.5 million in September and then to $6.0 million the following month, the Telegraph Hill condo was... Read More »

Employment in San Francisco Dropped in Q1

Employment in San Francisco Dropped in Q1

With the number of people living in San Francisco with a job pegged at 543,900 last month, a nominal 200 higher than the month before, employment in the city has dropped by 3,300 in the first quarter of the year versus gaining 6,900 in the first quarter of 2016,... Read More »

Pace of Existing Home Sales Hits a Ten-Year High in the U.S.

Having slipped 3.7 percent in February, the pace of existing-home sales in the U.S. ticked up 4.4 percent in March to a seasonally adjusted annual rate of 5.71 million transactions, the highest pace since the 5.79 million sale pace recorded in February 2007 and 5.9 percent above the pace... Read More »

New S.F. Condo Sales Slipped in March but Jumped Year-Over-Year

While the number of purchase contracts signed for new condominiums in San Francisco slipped 4 percent from February to March, the sales volume in March (91) was more than twice the volume at the same time last year (39) but with a number of new sales offices having opened... Read More »

Benchmark Mortgage Rate Drops Below 4 Percent

Benchmark Mortgage Rate Drops Below 4 Percent

The average rate for a benchmark 30-year mortgage has dropped below 4 percent for the first time since November, shedding 11 basis points over the past week and 33 basis points since the the Fed’s second rate hike last month. At the same time, the current 30-year average rate... Read More »