Articles Filed Under: Trends

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While Inventory Grows, Pace Of New Home Sales In The U.S. Drops

While Inventory Grows, Pace Of New Home Sales In The U.S. Drops

Having jumped an estimated 7.8 percent in February, the seasonally adjusted pace of new single-family home sales in the U.S. reversed course and dropped 11.4 percent in March. New home sales in the U.S. are now running at an annual pace of 481,000, which is 19.4 percent higher than... Read More »

Pace Of Existing U.S. Home Sales Hits 18-Month High

The seasonally adjusted pace of existing-home sales in the U.S. increased 6.1 percent in March to a pace of 5.19 million sales, up from a pace of 4.89 million sales in February and the highest annual pace since September 2013. The current pace is 10.4 percent higher versus the... Read More »

S.F. Employment Hits New High, Unemployment At 15-Year Low

S.F. Employment Hits New High, Unemployment At 15-Year Low

With the state’s latest labor force revisions and refinements now complete, the estimated number of people living in San Francisco who have a job now measures 520,900, a nominal increase of 400 since the beginning of the year but also a new all-time high. Since January of 2010, the... Read More »

Housing Production In S.F. Highest In Over 20 Years, But…

Housing Production In S.F. Highest In Over 20 Years, But…

Housing production in San Francisco was the highest in over two decades last year, with 3,514 new units added to the city’s overall inventory (which now totals 379,597 units), a dramatic swing from the 269 units of housing added in 2011. That being said, the number of employed residents... Read More »

Record-Setting Demand For East Bay Office Space

The vacancy rate for office space in Berkeley, Emeryville and Downtown Oakland has dropped from 11.2 percent to 8.2 percent over the past year, and the active demand for East Bay office space measures nearly 2 million square feet, enough space to add over 7,000 full-time employees and feet... Read More »

Price Cuts For Upper Market Penthouse And A Problematic Comp?

Price Cuts For Upper Market Penthouse And A Problematic Comp?

While a one-bedroom “penthouse” condo on the fifth floor of The Century (2200 Market Street) flew off the market ten months ago for $101,000 more than the $949,000 that was paid for the unit in April of 2014, another fifth floor unit, which was also purchased for $949,000 last... Read More »

San Francisco Home Values Slip From All-Time Highs

San Francisco Home Values Slip From All-Time Highs

Single-family home values within the San Francisco MSA slipped 0.9 percent from December to January and condominium values slipped for the second month in a row (down another 0.4 percent), according to the latest S&P Case-Shiller Home Price Index. While San Francisco home values dipped across all tiers of... Read More »

Inventory Of Homes For Sale In San Francisco Ticking Up

With new listings in San Francisco having outpaced sales over the past six weeks, the overall inventory of homes for sale in San Francisco is currently running 8 percent higher versus the same time last year, with the number of single-family homes on the market 22 percent higher, 2... Read More »

Pace Of New Home Sales In The U.S. Gains, Inventory Slips

Pace Of New Home Sales In The U.S. Gains, Inventory Slips

Having slipped a nominal 0.2 percent in January, the seasonally adjusted pace of new single-family home sales in the U.S. jumped 7.8 percent in February to an annual rate of 539,000. New home sales in the U.S. are now running at a pace which is nearly 25 percent higher... Read More »

Pace Of Existing US Home Sales Ticks Up From Nine-Month Low

The seasonally adjusted pace of existing-home sales in the US ticked up 1.2 percent in February to 4.88 million, up from a nine-month low pace of 4.82 million in January. The current pace is 4.7 percent higher versus the same time last year. At the same, the inventory of... Read More »

Over 100K More Employed In San Francisco Than 5 Years Ago

Over 100K More Employed In San Francisco Than 5 Years Ago

On the heels of a typical seasonal dip in January, the estimated number of people living in San Francisco with a job increased by 3,800 to a record 520,500 in February and the unemployment rate in the city is back below 4 percent (3.8).  That’s 19,500 more people living... Read More »

Record High Median Home Price In San Francisco, But Sales Tank

Record High Median Home Price In San Francisco, But Sales Tank

Having hit a record high of $1,072,500 this past November, the median price paid for a home in San Francisco dropped to $885,500 in January but returned to a record high $1,092,500 in February, a 23.4 percent jump over the past month and 15.6 percent higher versus the same time last... Read More »

Mortgage Rates Resume Their Climb

Mortgage Rates Resume Their Climb

Following a slight one-week dip, mortgage rates continued to climb over the past week, with the rate for a conforming 30-year mortgage now averaging 3.86 percent, up 27 basis points over the past five weeks. At this time last year, the 30-year rate averaged 4.37 percent. The 30-year rate,... Read More »

Employment In San Francisco Way Higher Than Previously Thought

Employment In San Francisco Way Higher Than Previously Thought

Following a once-a-year benchmarking, a revision to the data which incorporates additional inputs and refined estimation techniques, the unemployment rate in San Francisco is back above 4 percent. But the estimated number of people living in San Francisco who have a job now measures 516,700. That’s 33,900 higher than... Read More »

Inventory Of Homes For Sale In San Francisco Building

Despite a number of misreports making the rounds about record low inventory levels, the number of properties listed for sale in San Francisco has been ticking up since the beginning of the year and is currently running eleven (11) percent higher versus the same time last year, with the... Read More »