Articles Filed Under: Trends

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Bay Area Employment Slips from Record Highs

Bay Area Employment Slips from Record Highs

At a time of the year when Bay Area employment figures typically tick up, the number of people living in the city of San Francisco with a job dropped by 1,200 in March to 555,500. But with 2,300 people having been removed from the labor force, the unemployment rate... Read More »

Mortgage Rates Tick Up, Probability of a Rate Hike Hits 100 Percent

Mortgage Rates Tick Up, Probability of a Rate Hike Hits 100 Percent

The average rate for a benchmark 30-year mortgage has ticked up 7 basis points over the past two weeks to 4.47 percent, which is the highest rate so far this year, 50 basis points higher than at the same time last year (3.97 percent), and within 11 basis points... Read More »

The Latest Inventory of SF’s Housing Stock and Actual Development

The Latest Inventory of SF’s Housing Stock and Actual Development

Including finished new construction projects and conversions, 4,441 net-new units of housing were added to San Francisco’s stock of housing last year, down 12 percent from 5,046 in 2016 but nearly double the 20-year average of 2,295, figures which are slated to be presented to San Francisco’s Planning Commission... Read More »

Delivery of New Development Driving the Office Market in SF

Delivery of New Development Driving the Office Market in SF

The average asking rent for office space in San Francisco inched up 0.5 percent in the first quarter of 2018 to an all-time high of $71.40 per square foot per year, which is 2.5 percent above the mark at the same time last year. And the net absorption of... Read More »

Fraudulent Plans, Fines and Penalties in San Francisco

Fraudulent Plans, Fines and Penalties in San Francisco

A special meeting between San Francisco’s Planning and Building Inspection Commissions is being convened this week. The topics of discussion: How demolitions in San Francisco are defined; the rise of fraudulent building plans designed to skirt San Francisco’s Planning Code and/or the Planning Department’s approval process; and the potential... Read More »

Mortgage Rates Slip, Odds of a Rate Hike Hold

Mortgage Rates Slip, Odds of a Rate Hike Hold

The average rate for a benchmark 30-year mortgage slipped 4 basis points over the past week to 4.40 percent but remains 30 basis points higher than the average rate in place at the same time last year (4.10 percent) and within 18 basis points of a 5-year high (4.58... Read More »

Mortgage Rates Hold, Fed’s Next Rate Hike Expected in June

Mortgage Rates Hold, Fed’s Next Rate Hike Expected in June

With the impact of the Fed’s predicted rate hike last week having already been priced in, the average rate for a benchmark 30-year mortgage has been holding around 4.44 percent, which is 30 basis points higher on a year-over-year basis, an increase of 51 basis points since the beginning... Read More »

Pending Home Sales in the U.S. Tick Up along with Inventory

Having dropped to a 39-month low at the beginning of the year, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, ticked up 3.1 percent in February to 107.5 but remains 4.1 percent lower versus the same time last year... Read More »

New Condo Sales and Pricing Dip in San Francisco

New Condo Sales and Pricing Dip in San Francisco

While the sales figures for new condos in San Francisco at the beginning of this year received a boost from the official opening of the sales office for the 42-unit development at 1188 Valencia Street (a.k.a. 1198 Valencia) at the end of last year, with only six unit left... Read More »

Employment Ticks up to (Mostly) Record Highs as Growth Slows

Employment Ticks up to (Mostly) Record Highs as Growth Slows

Having dropped by a downwardly revised 3,700 at the beginning of the year, the number of people living in the city of San Francisco with a job increased by 2,900 in February to a near record 557,000 and the unemployment rate dropped from 2.7 to 2.6 percent. And as... Read More »