Articles Filed Under: Trends

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Defaults Are Down In Every Bay Area County, Except One

Notices of default and formal foreclosure proceedings for homeowners across the nine-county Bay Area have dropped to their lowest level in over eight years.  But there’s one Bay Area country in which default activity has been ticking up over the past year. Having dropped by an average of 19.5 percent across the Bay Area, and Read More »

Employment In San Francisco Hits Another All-Time High

Employment In San Francisco Hits Another All-Time High

Employment in San Francisco has reached another all-time high as the number of residents with a paycheck increased by 1,300 last month and now totals 477,600 with an unemployment rate of 4.4 percent, the second lowest rate since 2008, according to California’s Employment Development Department. That’s 17,600 more people employed in San Francisco than at the Read More »

Bay Area Rents Hit Record High, And Oakland Has Risen The Most

The average asking rent for an apartment in the Bay Area increased to a record $2,234 in the third quarter of 2014, up 3.5 percent over the past three months and 11.4 percent higher versus the same time last year.  And the average Bay Area studio is now renting for $1,931 per month, according to RealFacts, Read More »

30-Year Mortgage Rate Under 4 Percent, Lowest In Over A Year

30-Year Mortgage Rate Under 4 Percent, Lowest In Over A Year

The average rate for a conforming 30-year fixed-rate mortgage has dropped from 4.12 percent to 3.97 over the past week, the first time it has been under 4 percent in over a year, and the lowest rate since June of 2013 when it averaged 3.93 percent.  And it’s a move which shouldn’t have caught any plugged-in Read More »

Speaking To A Different San Francisco, Bay Guardian Says Goodbye

Speaking To A Different San Francisco, Bay Guardian Says Goodbye

A “leading voice for progressive San Francisco since 1966,” the San Francisco Bay Guardian is being shuttered by its parent company and the paper will circulate its final issue tomorrow.  From the publication’s farewell, all that remains on the Bay Guardian’s site: As a company, we are proud of the SF Bay Guardian’s legacy as Read More »

San Francisco Home Sales And Median Price Hold Steady

San Francisco Home Sales And Median Price Hold Steady

The number of homes sold in San Francisco and the median price paid both held steady in September, with the sales volume down a nominal 1.0 percent from August and only one transaction lower versus the September before.  Keep in mind that the sales volume typically drops from August to September and has dropped an Read More »

VC Funding In The U.S. Dropped 30% Last Quarter

The Glass Half Full: Venture capital investment in the U.S. was 59% higher in the first three quarters of 2014 versus the first three quarters of 2013, with $13.9 billion invested in second quarter of 2014 alone, the second highest quarter for venture funding since the first quarter of 2001. The Glass Half Empty: Venture Read More »

Mortgage Rates Drop, Back Near 2014 Lows

The average rate for a conforming 30-year fixed-rate mortgage has dropped from 4.23 percent to 4.12 percent over the past three weeks and is back to within 2 basis points of its 2014 low (4.10 percent) and 11 basis points lower than at the same time last year, according to Freddie Mac’s latest mortgage market Read More »

San Francisco Condo Values Hit Record High, House Values Slip

San Francisco Condo Values Hit Record High, House Values Slip

Single-family home values within the San Francisco MSA slipped 0.4 percent from June to July but remain 10.3 percent higher than at the same time last year, the smallest year-over-year gain since 2012, according to the latest S&P Case-Shiller Home Price Index. And while still 10.7 percent below a 2006 peak, the aggregate index for Read More »

Pending U.S. Home Sales Slip, Investor Activity Slowing Down

At a time of the year when seasonality should be giving it a boost, the National Association of Realtors Pending Home Sales Index slipped 1.0 percent from July to August and is running 2.2 percent lower on a year-over-year basis.  The inventory of listed homes for sale is currently running 1.1 percent lower, year-over-year. And Read More »

New Home Sales In The U.S. Soar, Strongest Pace Since Early 2008

New Home Sales In The U.S. Soar, Strongest Pace Since Early 2008

The seasonally adjusted annual pace of new single-family home sales in the U.S. rebounded 18 percent last month, from an upwardly revised pace of 427,000 in July to 504,000 in August, the strongest pace since May 2008 and 33 percent higher on a year-over-year basis. That being said, the pace of new single-family home sales Read More »

Existing-Home Sales Slow As Investor Activity Declines

The seasonally adjusted pace of existing-home sales in the U.S. dropped 1.8 percent in August and is running 5.3 percent lower on a year-over-year basis versus 4.3 percent lower in July, with “a marked decline in all-cash sales” and investor activity. At the same time, the inventory of unsold homes on the market across the U.S. Read More »

Inventory Slips In San Francisco, With One Notable Exception

With a little over 100 homes listed for sale in San Francisco last week, more or less matching the number of homes sold, the overall inventory of homes for sale in the city is relatively unchanged versus the week before but is currently running around 12 percent lower on a year-over-year basis as the number Read More »

Nearly 70,000 More Employed In San Francisco Since Early 2010

Nearly 70,000 More Employed In San Francisco Since Early 2010

Employment in San Francisco has reached another all-time high as the number of San Francisco residents with a paycheck jumped by 5,500 last month – the largest increase in a single month since the end of 2009 – and now totals 476,300 with an unemployment rate of 4.7 percent, according to California’s Employment Development Department. That’s Read More »

Mortgage Rates Move Higher, Biggest Increase Of The Year

Mortgage Rates Move Higher, Biggest Increase Of The Year

The average rate for a conforming 30-year fixed-rate mortgage jumped from 4.12 to 4.23 percent over the past week, the highest rate since the beginning of May and the biggest one-week increase since the beginning of the year. Speculation that the Federal Reserve might start raising rates sooner than expected helped fuel the jump.  And while Read More »