Articles Filed Under: Trends

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Index for Bay Area Home Values Ticks up but Rate of Change Slows

Index for Bay Area Home Values Ticks up but Rate of Change Slows

The Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area gained 1.5 percent in April, hitting an all-time high and surpassing the previous cycle peak recorded in May 2006 by 4 percent. But the rate of change has been slowing since the second quarter of 2015,... Read More »

Price Reductions for Homes in San Francisco Hit a Four-Year High

In a trend we first noticed forming a year ago, the share of active listings for single-family homes and condos in San Francisco for which the original list price has been reduced at least once has ticked up to 20 percent versus 15 percent at the same time last... Read More »

Twice as Many Condos on the Market in San Francisco

Twice as Many Condos on the Market in San Francisco

While home sales in San Francisco slowed to a five-year seasonal low last month, new listing activity has remained strong.  And as a result, there are now twice as many condos listed for sale in the city than there were at the same time last year and the most... Read More »

San Francisco Home Sales and Median Price Drop

San Francisco Home Sales and Median Price Drop

At a time of the year when sales typically increase by 10 percent versus the month before, the recorded sales volume of single-family homes and condos in San Francisco dropped 4.2 percent from April to May and was 7.6 percent lower versus the same time last year. At the... Read More »

Pace of New Home Sales in the U.S. Slips Despite More Inventory

Having hit an eight-year high in April, which has since been revised down, the pace of new single-family home sales in the U.S. slipped 6.0 percent in May but remains 8.7 percent higher versus the same time last year. The current pace of 551,000 sales is 15.6 percent below... Read More »

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

The seasonally adjusted pace of existing-home sales in the U.S. ticked up 1.8 percent to an annual rate of 5.53 million sales in May, 4.5 percent higher versus the same time last year and the highest annual pace since February 2007. And the median sale price of $239,700 was... Read More »

Employment in San Francisco Drops Along with its Labor Force

Employment in San Francisco Drops Along with its Labor Force

While the unemployment rate in San Francisco dropped to 2.9 percent last month, the lowest unemployment rate since the dot-com boom when it hit 2.4 percent, the drop from 3.1 percent in April was driven by a reduction in the labor force (-2,700) and employment in the city actually... Read More »

Over 100,000 More Employed in Alameda County Since 2010

Over 100,000 More Employed in Alameda County Since 2010

For the first time since early 2001, the unemployment rate in the East Bay has dropped below 4 percent, dropping from 4.1 percent in April to 3.9 percent in May as the number of employed residents ticked up by 2,400 to 1,372,600. Alameda County, which includes Oakland, accounted for... Read More »

Benchmark Mortgage Rate Is Back to a Three-Year Low

Benchmark Mortgage Rate Is Back to a Three-Year Low

The average rate for a benchmark 30-year mortgage has dropped to 3.54 percent, the lowest rate in three years and 43 basis points below the 3.97 percent rate in place prior to the Fed’s first rate hike in December. The current rate is 46 basis points below the 4.00... Read More »

Developer Looking to Cash Out Rather Than Build in Western SoMa

Developer Looking to Cash Out Rather Than Build in Western SoMa

Approved for development last month and positioned for a quick start, Equity Community Builders’ Western SoMa parcel and plans for a four-story development, with 46 residential units over parking for 21 cars, to rise on the parking lot at 915 Minna Street are now on the market rather than... Read More »