Articles Filed Under: Trends

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311 Complaints Jumped 24 Percent in San Francisco Last Year

311 Complaints Jumped 24 Percent in San Francisco Last Year

The number of 311 complaints jumped 24 percent in San Francisco last year to 350,000, with residents of the Inner Mission and South of Market neighborhoods registering the most. Not too surprisingly, the most common complaint was related to sidewalk and street cleaning, followed by graffiti. And according to... Read More »

Mortgage Rates Tick up but Remain near Three-Year Lows

Mortgage Rates Tick up but Remain near Three-Year Lows

Having dropped to a three-year low of 3.57 percent, the average rate for a benchmark 30-year mortgage has ticked up 7 basis points to 3.64 percent over the past two weeks but remains 33 basis points below the 3.97 percent rate in place prior to the Fed’s first rate... Read More »

Pending Home Sales Index Hits 10-Year High, Surges in the West

The National Association of Realtors Pending Home Sales Index, for which 100 denotes an average level of activity, hit a ten-year high in April, ticking up 5.3 percent from (a revised) 110.7 in March to 116.3 in April and now measures 4.6 percent higher versus the same time last... Read More »

Pace of New Home Sales in the U.S. Surges to Eight-Year High

Pace of New Home Sales in the U.S. Surges to Eight-Year High

Having slipped a revised 1.3 percent in March, the pace of new single-family home sales in the U.S. surged 16.6 percent in April to an annual rate of 619,000 sales and is now running 23.8 percent higher versus the same time last year (523,000), up from 8.4 percent higher... Read More »

Three in a Row on One Coveted Block

Three in a Row on One Coveted Block

Two weeks ago, the asking price for the attempted million dollar flip of 2470 Broadway was reduced a half million to $6,999,000. Last week, the completely redeveloped home at 2476 Broadway hit the market priced at $22,000,000. And today, the previously remodeled home at 2480 Broadway was listed for... Read More »

Employment in San Francisco Stalls, Slips in the East Bay

Employment in San Francisco Stalls, Slips in the East Bay

While the unemployment rate in San Francisco has dropped to 3.1 percent, the lowest unemployment rate since the end of the dot-com boom, the drop from 3.3 percent in March was driven by 900 people leaving the labor force versus the 100 jobs that were added. In fact, the... Read More »

Pace of Existing U.S. Home Sales Ticks up but Slipped in the West

The seasonally adjusted pace of existing-home sales in the U.S. ticked up 1.7 percent in April to an annual rate of 5.45 million sales, which is 6.0 percent higher on a year-over-year basis. But in the West, the pace slipped 1.7 percent to an annual rate of 1.15 million... Read More »

Median Home Price Hits $1.3M in SF as Bay Area Sales Slow

Median Home Price Hits $1.3M in SF as Bay Area Sales Slow

Bay Area home sales dropped 7.3 percent in April versus the same time last year, with all nine counties recording a decline, ranging from 2.6 percent in Contra Costa to a 15.2 percent drop in San Mateo. And while the recorded sales volume of single-family homes and condos in... Read More »

Have Sellers Started Rushing for an Exit in San Francisco?

A plugged in reader who’s in the market for a mid-seven figure home in San Francisco toured a few this weekend and reports that two agents “used the term “rushing for the exit” to describe sellers.” In related news, the inventory of single-family homes and condos listed for sale... Read More »

Benchmark Mortgage Rate Drops to Three-Year Low

Benchmark Mortgage Rate Drops to Three-Year Low

The average rate for a benchmark 30-year mortgage has dropped to 3.57 percent, the lowest rate in three years and 40 basis points below the 3.97 percent rate in place prior to the Fed’s first rate hike in December. The current rate is 28 basis points below the 3.85... Read More »