Articles Filed Under: Trends

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Mortgage Rates Tick Up From 20-Month Lows

Mortgage Rates Tick Up From 20-Month Lows

Having dropped to a 20-month low of 3.63 percent last week, the average rate for a conforming 30-year mortgage has ticked back up to 3.66 percent but remains 66 basis points below the 4.32 percent average rate at the same time last year. Averaging 6.7 percent over the past... Read More »

Pending U.S. Home Sales Slip In December But Up Year-Over-Year

The National Association of Realtors Pending Home Sales Index fell 3.7 percent from November to December but is running 6.1 percent higher than in December 2013, up from 4.1 percent higher on a year-over-year basis the month before. The Pending Home Sales index for the West fell 4.6 percent... Read More »

San Francisco Rents Slip From Record High

The average asking rent for an apartment in San Francisco was $3,392 at the end of 2014, up 11 percent over the past year and 55 percent higher since 2009, but down $8 a month from a record $3,400 in the third quarter of last year. A 0.24 percent... Read More »

Pace Of New U.S. Home Sales Climbs But Remains Below Average

Pace Of New U.S. Home Sales Climbs But Remains Below Average

The seasonally adjusted annual pace of new single-family home sales in the U.S. jumped 11.6 percent in December to an annual rate of 481,000 sales while the November pace was downwardly revised from 438,000 to 431,000. New home sales are now running at a pace which is 8.8 percent... Read More »

San Francisco Home Values Tick Up, Condos Hit New High

San Francisco Home Values Tick Up, Condos Hit New High

Single-family home values within the San Francisco MSA ticked up a nominal 0.1 percent from October to November but are running 8.9 percent higher on a year-over-year basis. And local condominium values have hit an all-time high, according to the latest S&P Case-Shiller Home Price Index. Keep in mind... Read More »

San Francisco’s Unemployment Rate Under 4%, Lowest In 9 Years

San Francisco’s Unemployment Rate Under 4%, Lowest In 9 Years

Employment in San Francisco hit a new all-time high in December and the unemployment rate dropped to 3.8 percent, the first time the unemployment rate in the city has been under 4 percent since 2007 and the lowest rate in nine years. The drop in San Francisco’s unemployment rate... Read More »

Existing-Home Sales In The U.S. Slipped In 2014

While the seasonally adjusted pace of existing-home sales in the U.S. increased 2.4 percent in December to an annualized rate of 5.04 million homes, 3.5 percent higher than at the same time in 2013, total existing home sales in 2014 (4.93 million) were 3.1 percent lower than the year... Read More »

The Twenty Priciest Silicon Valley Zip Codes

The Twenty Priciest Silicon Valley Zip Codes

The median sale price for a home in Atherton (94027) was $3.9 million last year, up 4 percent from 2013, making it the priciest zip code in Silicon Valley. Behind Atherton and Los Altos Hills’ 94022 at $2.45 million, Palo Alto’s 94301 tied for third at $2.2 million with... Read More »

Oakland Office Vacancy Rate Under 10% For First Time Since 2008

The vacancy rate for office space in Oakland’s Central Business District has dropped to 9.6 percent, the first time it has been under 10 percent since the third quarter of 2008 according to DTZ (which recently acquired Cassidy Turley). And with the decrease in the vacancy rate, the going... Read More »

Violent Crime Climbing In SF And Supervisors Out Of The Loop

According to a City Analyst’s just released report, despite the fact that the rate of violent crime in San Francisco has been climbing since 2011, increasing from 677 violent crimes per 100,000 residents in 2011 to 850 crimes per 100,000 residents in 2013, driven primarily by an increase in... Read More »

San Francisco Median Home Price Slips As Bay Area Ticks Up

San Francisco Median Home Price Slips As Bay Area Ticks Up

Having hit a record high of $1,072,500 in November, the median price paid for a home in San Francisco dropped 12 percent to $949,000 in December but remains 17 percent higher on a year-over-year basis versus 27 percent higher on a year-over-year basis the month before. In terms of... Read More »

Mortgage Rates Continue To Drop, Jumbos At A Small Premium

Mortgage Rates Continue To Drop, Jumbos At A Small Premium

The average rate for a conforming 30-year mortgage has fallen for the third week in a row to 3.66 percent, the lowest rate since May 2013 when the rate averaged 3.59 percent and 75 basis points below the 4.41 percent average rate at the same time last year. And... Read More »

Mortgage Rates Drop As Bond Market Sounds An Economic Warning

The average rate for a conforming 30-year mortgage has dropped to 3.73 percent, the lowest rate since May of 2013 when the rate averaged 3.59 percent and 78 basis points below the 4.51 percent average rate at the same time last year. While the Federal Reserve is expected to... Read More »

Ten-To-One: San Francisco’s Housing Market In A Nutshell

Around 7,500 units of housing have been built in San Francisco since January 1, 2010.  Over the same five years, the number of employed residents has increased by 74,000.  And in a nutshell, that ten-to-one ratio has been driving the trend in rents and property values. With nearly 7,000... Read More »

Pending U.S. Home Sales Inch Up

Having slipped in October, the National Association of Realtors Pending Home Sales Index inched up 0.8 percent in November and is running 4.1 percent higher on a year-over-year basis. The Pending Home Sales index for the West increased 0.4 percent in November and is running 4.9 percent higher versus the... Read More »