Articles Filed Under: Trends

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San Francisco’s Record Employment Run Takes A Breather

San Francisco’s Record Employment Run Takes A Breather

Following twelve straight months of growth and having hit an all-time high in October, employment in San Francisco was relatively unchanged in November as the labor force dipped by 100 and the number of city residents collecting a paycheck slipped by 200 to 481,700. That’s 22,900 more residents employed... Read More »

Mortgage Rates Drop To Lowest Levels In 2014

Mortgage Rates Drop To Lowest Levels In 2014

The average rate for a conforming 30-year mortgage dropped from 3.93 to 3.80 over the past week, the lowest level since May 2013 and 67 basis points below the 4.47 percent average rate at the same time last year. That being said, with the Federal Reserve having rather clumsily... Read More »

S.F. Median Home Price Hits A Record High, And Sales Take A Hit

S.F. Median Home Price Hits A Record High, And Sales Take A Hit

Having rebounded in October, San Francisco homes sales took a big hit in November, with the sales volume dropping nearly 26 percent from the month before and running over 20 percent lower versus the same time last year.  And while the sales volume in San Francisco typically dips from... Read More »

Report: San Francisco Needs A New Plan To Combat Homelessness

Report: San Francisco Needs A New Plan To Combat Homelessness

Although the City of San Francisco has created over 3,000 units of supportive housing since the adoption of its Ten Year Plan “to abolish chronic homelessness” in 2004, and the number of supportive housing units in the city now totals over 4,600, the number of homeless individuals hasn’t declined.... Read More »

Double-Digit Drop For Listed Home Sales In San Francisco

While a seasonally driven drop in San Francisco home sales from October to November is to be expected, a 20 percent drop in volume versus the year before is not. Last month, the number of listed single-family homes and condos which closed escrow in San Francisco was 30 percent... Read More »

How People Commute To Work In San Francisco

How People Commute To Work In San Francisco

The way in which employees in San Francisco commute to work has changed a little but not a lot since 2008, with the share of those driving alone having dropped from 37 percent to 35 percent in 2013 and the share of those taking transit rising to 38 percent... Read More »

San Francisco’s Tech Sector Nearly Doubles In Four Years, But…

According to the Planning Department’s latest Commerce and Industry Inventory report for San Francisco, employment within the city’s tech sector has grown by almost 91% since 2009 – up from 19,700 to 37,600 jobs in 2013 – but still represents a fairly small proportion (6 percent) of total employment... Read More »

Top 5 Reasons For Renting, And Factors For Buying A Home

According to a Freddie Mac commissioned Harris Poll of around two thousand adults, a third of which were renters, the top five favorable factors for renting versus owning a home are: Provides freedom from home maintenance responsibilities Allows more flexibility over where you live Protects against home price declines... Read More »

Mortgage Rates Back Below 4 Percent, Lowest Since Mid-2013

Mortgage Rates Back Below 4 Percent, Lowest Since Mid-2013

Having ticked up to just over 4 percent last month, the average rate for a conforming 30-year fixed-rate mortgage has dropped to 3.89 percent, the lowest level since May 2013 and 57 basis points below the 4.46 percent rate at the same time last year. Averaging around 6.7 percent... Read More »

The Grand Plan And Timing To Transform SF’s Second Street

The Grand Plan And Timing To Transform SF’s Second Street

In the works for over a decade, San Francisco’s Second Street Improvement Project intends to transform Second Street, from Market to King, into a pleasant “multi-modal corridor” and “green connector,” with separated bike lanes (cycletracks) on both sides of the street, sidewalk and streetscape improvements, and a complete roadway repaving.... Read More »

Warm Thoughts Of A Traditional Thanksgiving Dinner And Stove

Warm Thoughts Of A Traditional Thanksgiving Dinner And Stove

With Downton Abbey helping drive the trend, stainless steel and industrial ranges are out while old-school stoves with style, like La Cornue, are in.  Even if only a CornuFé. And on this day of thanks, here’s to hoping your home and stoves are warm, your pantry is plentiful, and your... Read More »

New U.S. Home Sales Tick Up, Nominally Higher YOY

New U.S. Home Sales Tick Up, Nominally Higher YOY

The seasonally adjusted annual pace of new single-family home sales in the U.S. ticked up a nominal 0.7 percent in October to a rate of 458,000 sales as the September pace was downwardly revised from 467,000 to 455,000. And while running at a pace which is only 1.8 percent... Read More »

Pending U.S. Home Sales Slip In October

Having inched up a nominal 0.3 percent in September, the National Association of Realtors Pending Home Sales Index slipped 1.1 percent in October but is running 2.2 percent higher on a year-over-year basis, versus 1.0 percent higher in September which was the first recorded year-over-year gain in eleven months.... Read More »

San Francisco Home Values Slip While Condos Values Rise

San Francisco Home Values Slip While Condos Values Rise

Single-family home values within the San Francisco MSA slipped another 0.2 percent from August to September but remain 7.9 percent higher than at the same time last year, according to the latest S&P Case-Shiller Home Price Index. While the aggregate index for San Francisco home values has gained 65... Read More »

Bay Area Luxury Home Values Hit All-Time High

Bay Area Luxury Home Values Hit All-Time High

First Republic’s “Prestige Index” for the values of San Francisco Bay Area homes worth at least $1.0 million and currently averaging $3.45 million rose 3.8 percent from the second to third quarter of 2014 and is 14.3 percent higher on a year-over-year basis. Having gained 38.4 percent from the... Read More »