Articles Filed Under: Trends

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Employment In S.F. Continues To Climb

Employment In S.F. Continues To Climb

The number of people living in San Francisco with a job continues to climb and hit a new all-time high of 524,100 in April, an increase of 2,000 from the month before. There are currently 20,300 more people living in the city with paychecks than at the same time... Read More »

Pace Of Existing U.S. Home Sales Slips

The seasonally adjusted pace of existing-home sales in the U.S. slipped 3.3 percent in April to 5.04 million sales, down from an upwardly revised pace of 5.21 million sales in March which was the highest annual pace since September 2013. The current pace remains 6.1 percent higher versus the... Read More »

Mortgage Rates On The Move

Mortgage Rates On The Move

The average rate for a conforming 30-year mortgage increased 12 basis points over the past week to 3.80 percent, up 21 basis point from a 3.59 percent 21-month low in February but 41 basis points below the 4.21 percent average rate at the same time last year. The 30-year... Read More »

The Rare Exception Or Foreshadowing Of Things To Come?

The Rare Exception Or Foreshadowing Of Things To Come?

Purchased for $1.3 million in 2013 and extensively remodeled since, the buyer of the Potrero Hill home at 837 Wisconsin Street appears to be around $200K past due on his accumulated loans and the property is scheduled to hit the courthouse steps this afternoon with $2.2 million in debt... Read More »

Six Bay Area Counties Have The Highest Median Incomes In CA

Six Bay Area counties have the highest median incomes in California, based on a ranking of joint tax returns by the State’s Franchise Tax Board.  And believe it or not, with a median income of $93,404, versus a statewide average of $73,378, San Francisco comes in at number six.... Read More »

San Francisco Homes Sales, Median Price Slip

San Francisco Homes Sales, Median Price Slip

With inventory ticking up, recorded home sales activity in San Francisco was 4 percent lower on a year-over-year basis last month but jumped 63 percent versus February, primarily due to normal seasonality and a 30 percent drop in sales the month before. Sales activity in San Francisco typically increases... Read More »

No Sale For Upper Market Penthouse Despite Sub-2014 Price

No Sale For Upper Market Penthouse Despite Sub-2014 Price

Purchased for $949,000 a year ago last week, the one-bedroom condo #504 atop The Century at 2200 Market Street has been on the market for three months asking $899,000. Yesterday, the listing for #504 was withdrawn from the MLS without a reported sale. A sale at asking would have... Read More »

San Francisco Area Home And Condo Values Hit All-Time Highs

San Francisco Area Home And Condo Values Hit All-Time Highs

Single-family home and condominium values within the San Francisco MSA hit all-time highs in February, with home values jumping 2 percent and condos gaining 1.3 percent, according to the latest S&P Case-Shiller Home Price Index. The San Francisco index for single-family homes is currently running 9.8 percent higher on... Read More »

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 »