Articles Filed Under: Trends

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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 »

San Francisco Home Sales And Median Price Slip

San Francisco Home Sales And Median Price Slip

Home sales in San Francisco and the median price paid for a property in the city both dropped a little over 5 percent in August versus July.  Over the past decade, home sales in San Francisco have increased an average five percent over the same period of time, and home sales in the city are Read More »

Little Movement In 30-Year Mortgage Rate

Little Movement In 30-Year Mortgage Rate

The average rate for a conforming 30-year fixed-rate mortgage ticked up a nominal 2 basis points, from 4.10 percent to 4.12 percent, over the past week.  With little movement over the past three months, the 30-year rate remains near its 62-week low, having last dropped below 4.10 percent in June of 2013. Averaging around 6.7 percent Read More »

More Homes On The Market In SF This Week, Slightly Lower YOY

With typical seasonality in play as people (and their agents) return from vacation, the number of homes listed for sale in San Francisco increased by 150 (36 percent) over the past week, but overall inventory remains 2 points lower than at the same time last year (6 percent higher for single-family homes, 7 percent lower Read More »

Bay Area Luxury Home Values Hit A New High

Bay Area Luxury Home Values Hit A New High

First Republic’s “Prestige” index for the values of San Francisco Bay Area homes worth at least $1.0 million, and currently averaging $3.3 million, jumped 4.6 percent in the second quarter of 2014 and is running 12.2 percent higher on a year-over-year basis. Having gained 33.4 percent from the current cycle bottom which occurred in the Read More »

Pending U.S. Home Sales Tick Up, But Remain Lower Than Last Year

While the National Association of Realtors Pending Home Sales Index ticked up 3.3 percent from June to July, it’s still running 2.1 percent lower on a year-over-year basis while the inventory of homes for sale across the country is at its highest level in two years. The Pending Home Sales index for the West rose 4.0 Read More »

San Francisco Home And Condo Values Extend Gains But Slow

San Francisco Home And Condo Values Extend Gains But Slow

Single-family home values within the San Francisco MSA gained 12.9 percent over the past year, according to the latest S&P Case-Shiller Home Price Index.  It’s an above average performance, but the year-over-year gain as measured last month was the smallest since 2012. That being said, while the aggregate index only increased 0.3 percent from May Read More »

U.S. New Home Sales Slip In July, Most Inventory Since 2010

U.S. New Home Sales Slip In July, Most Inventory Since 2010

The seasonally adjusted annual pace of new single-family home sales in the U.S. slipped to 412,000 in July, down 2.4 percent from an upwardly revised pace of 422,000 in June but 12.3 percent above the pace as measured at the end of July last year. At the same time, the inventory of new single-family homes for Read More »

Existing-Home Sales Hit 10-Month High But Decline Year-Over-Year

Existing-home sales in the U.S. reached their highest pace of the year last month, increasing 2.4 percent to a seasonally adjusted annual pace of 5.15 million sales in July. That being said, on a year-over-year basis, the pace of existing-home sales dropped from 2.6 percent lower in June to 4.3 percent lower in July while Read More »

Benchmark Mortgage Rate Drops To Ten-Month Low

Benchmark Mortgage Rate Drops To Ten-Month Low

The average rate for a conforming 30-year fixed-rate mortgage has ticked down to 4.10 percent, the lowest rate since October of 2013 when it last dipped to 4.10 percent for a week. Averaging around 6.7 percent over the past twenty years, the 30-year rate hit  a three-year high of 4.58 percent a year ago and an all-time Read More »

SF’s Record Employment Run Continues, Hiring Jumps In July

SF’s Record Employment Run Continues, Hiring Jumps In July

While the unemployment rate in San Francisco ticked up from 4.6 percent to 4.9 percent in July due to a sharp increase in the size of the city’s labor force, the largest increase in over four years, the number of San Francisco residents with jobs increased by 3,600 last month and employment in San Francisco has Read More »

San Francisco Home Sales Slide, Median Price Slips Below A Million

San Francisco Home Sales Slide, Median Price Slips Below A Million

While Bay Area home sales ticked up 7.1 percent from June to July, they’re down 9 percent year-over-year and running 9 percent below average, according to DataQuick.  And while recorded home sales in San Francisco ticked up 2.4 percent from June to July, sales are down 24 percent year-over-year, the sharpest decline in over a Read More »

30-Year Mortgage Rate Drops To 2014 Low

The average rate for a conforming 30-year mortgage ticked down to 4.12 percent over the past week, matching the 2014 low last recorded in May and the lowest rate since October of 2013 when it dipped to 4.10 percent. Averaging around 6.7 percent over the past twenty years, the 30-year rate hit a three-year high of 4.58 Read More »

Most Expensive Metro Area In The US? San Jose. San Francisco #2

While home-price growth in the U.S. has slowed to its slowest pace since 2012, up an average of 4.4 percent, year-over-year, the median single-family home sale price within the San Jose metro area, which includes Sunnyvale and Santa Clara, increased 11.3 percent from the first to second quarter of 2014. And with a median sale Read More »