Articles Filed Under: Trends

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Pending U.S. Home Sales Index Slips From Nine-Year High

Having hit a nine-year high in May, the National Association of Realtors Pending Home Sales Index slipped 1.6 percent in June.  The index, for which 100 denotes an average level of activity, currently measures 110.3 and remains 8.2 percent higher on a year-over-year basis (versus 10.7 percent higher last month).... Read More »

Evictions Are Up In San Francisco, As Are Reported Buyout Amounts

Over the past four months, tenants of 47 rent-controlled apartments in San Francisco have negotiated buyouts to vacate their units, with an average payout of $43,000.  The highest buyout was for $310,000. And in fact, the average buyout reported to the San Francisco Rent Board, as newly required by... Read More »

Bay Area Home And Condo Values Hit Two Record Highs

Bay Area Home And Condo Values Hit Two Record Highs

Single-family home values within the San Francisco Metropolitan Area gained 1.3 percent in May, while condominium values gained 1.1 percent, according to the latest S&P Case-Shiller Home Price Index. The San Francisco index for single-family homes is running 9.7 percent higher on a year-over-year basis. And having gained 58... Read More »

Inventory Of Homes For Sale In San Francisco Slips With Seasonality

The overall inventory of properties currently listed for sale in San Francisco (471) slipped 3 percent over the past two weeks as was to be expected and is currently running 15 percent lower on a year-over-year basis, driven by a continued slowdown in new listings for previously-owned condos. While... Read More »

Pace Of New Home Sales In The U.S. Suddenly Drops

Pace Of New Home Sales In The U.S. Suddenly Drops

The seasonally adjusted pace of new single-family home sales in the U.S. suddenly dropped 6.8 percent in June to an annual rate of 482,000, the slowest pace in seven months. The current pace remains 18.1 percent higher than at the same time last year but is 25.9 percent below... Read More »

Record U.S. Existing-Home Prices, Pace Of Sales Highest Since 2007

The seasonally adjusted pace of existing-home sales in the U.S. increased 3.2 percent from a downwardly revised 5.32 million in May to 5.49 million in June, the highest annual pace since February 2007 when the pace measured 5.79 million.  The current pace is 9.6 percent higher versus the same time... Read More »

San Francisco Employment Slips, East Bay Gains

San Francisco Employment Slips, East Bay Gains

The number of people living in San Francisco with a job slipped from an upwardly revised record 526,500 in May to 526,100 in June but remains 19,300 higher on a year-over year basis. At the same time, East Bay employment increased by 2,200 to a record 1,303,000, up 28,000... Read More »

30-Year Mortgage Rate Ticks Up To Highest Level In 2015

30-Year Mortgage Rate Ticks Up To Highest Level In 2015

Having crossed the 4 percent mark for the first time since the fourth quarter of 2014 last month, the average rate for a 30-year fixed mortgage has ticked up to 4.09 percent, the highest rate this year and within 4 basis points of the 4.13 percent average rate recorded... Read More »

Inventory Of Homes For Sale In San Francisco Holds Steady

Having dipped during the holiday week, the overall inventory of properties currently listed for sale in San Francisco (488) is relatively unchanged from two weeks ago (487) but is running 13 percent lower on a year-over-year basis, driven by a slowdown in new listings for previously-owned condos. The number... Read More »

Office Rents In S.F. Nearing An All-Time High, Deal Flow Slows

Office Rents In S.F. Nearing An All-Time High, Deal Flow Slows

The net occupancy of office space in San Francisco increased by a nominal 66,000 square feet in the second quarter of the year, the smallest quarterly increase in two years and versus 539,000 square feet of net absorption in the second quarter of 2014. That being said, potential demand... Read More »

Demand For Oakland Office Space Nearing Record Rate

The vacancy rate for office space in Oakland’s Central Business District has dropped from 9.6 to 7.5 percent over the past six months and demand for East Bay office space is hovering around 2 million square feet, which is twice the historic norm and nearing the record 2.5 million... Read More »

China’s Stock Market Is Tanking, Will It Weigh On Local Real Estate?

China’s benchmark stock index, the Shanghai Composite, fell 5.9 percent yesterday and has tumbled 30 percent over the past three weeks.  The ChiNext index of small-cap stocks has plummeted over 40 percent. If you happen to be developer in San Francisco with a significant number of Chinese buyers who... Read More »

From Red Hot To ‘In The Red’ For Bay Area Housing Next Year?

From Red Hot To ‘In The Red’ For Bay Area Housing Next Year?

Bearish calls for the Bay Area housing market have been ticking up over the past three months with one of the latest coming from Clear Capital, a national provider of real estate valuations, data and analytics for brokers, lenders and appraisers: “Both San Francisco and San Jose have been... Read More »

Median S.F. Home Price Hits A Record $1.15M And Sales Slip (Again)

Median S.F. Home Price Hits A Record $1.15M And Sales Slip (Again)

Recorded sales activity for single-family homes and condos in San Francisco slipped 1.4 percent in May and is currently running 6.1 percent lower on a year-over-year basis, versus 5.6 percent lower last month. Sales activity in San Francisco typically increase around 10 percent from April to May. As sales... Read More »

Bay Area Home Values Climb, Condo Values Hit New High

Bay Area Home Values Climb, Condo Values Hit New High

Single-family home and condominium values within the San Francisco Metropolitan Area gained 2.0 and 2.2 percent respectively in April, according to the latest S&P Case-Shiller Home Price Index. The San Francisco index for single-family homes is running 10.0 percent higher on a year-over-year basis and is within 3.7 percent... Read More »