Articles Filed Under: Trends

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Sale of Oakland Development Forecasts Future Rents

Sale of Oakland Development Forecasts Future Rents

Slated to be completed in December, the 25-unit building under construction at 528 Thomas L. Berkley Way, adjacent to the Great Western Power Company gym in Oakland’s Uptown District, is now on the market for $17 million. That’s $680,000 per unit or roughly $792 per square foot at asking.... Read More »

San Francisco Approaching Bubble Territory per UBS

San Francisco Approaching Bubble Territory per UBS

According to UBS Wealth Management’s Global Real Estate Bubble Index, the residential real estate market in San Francisco is increasingly overvalued and approaching bubble territory, while New York and Boston remain fairly valued and Chicago is undervalued, as was the case at the same time last year. The index... Read More »

Bay Area Condo Values Slip for the Second Time, House Values Stall

Bay Area Condo Values Slip for the Second Time, House Values Stall

Having ticked up 0.4 percent to a record high in June, the Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area stalled in July and the index for Bay Area condo values slipped for the second month in a row. In addition, the year-over-year gain for... Read More »

Most Homes on the Market in San Francisco since Late 2011

Most Homes on the Market in San Francisco since Late 2011

While recorded sales activity in San Francisco ticked up last month, the pace of new listings has ticked up even more. And the number of single-family homes and condos listed for sale in San Francisco now totals 885, which is most at any point in time since the end... Read More »

Pace of New U.S. Home Sales Back below Average but up in the West

Pace of New U.S. Home Sales Back below Average but up in the West

The pace of new single-family home sales in the U.S. dropped 7.6 percent from an upwardly revised annual rate of 659,000 sales in July to an annual rate of 609,000 sales in August but remains 20.6 percent higher than the rate of sales at same time last year (505,000)... Read More »

SF Home Sales Jump and Median Price Drops the Most since 2011

SF Home Sales Jump and Median Price Drops the Most since 2011

The number of single-family homes and condos that traded hands across the Bay Area ticked up 6 percent from July (7,901) to August (8,374) and was 3.2 percent higher versus the same time last year (8,113), ending a five month run of year-over-year declines. And in San Francisco, the... Read More »

Benchmark Mortgage Rate Ticks down but Odds of a Rate Hike Jump

Benchmark Mortgage Rate Ticks down but Odds of a Rate Hike Jump

The average rate for a 30-year mortgage ticked down two basis points to 3.48 percent over the past week, which is 38 basis points below the 3.86 percent rate in place at the same time last year, according to Freddie Mac’s latest Primary Mortgage Market Survey. At the same... Read More »

Pace of Existing U.S. Home Sales and Median Price Drop Again

Following a 3.2 percent drop in July, the seasonally adjusted pace of existing-home sales in the U.S. ticked down another 0.9 percent to an annual rate of 5.38 million sales in August. But the current rate, which represents the second slowest pace since the beginning of the year, remains... Read More »

Most Sub-Million Dollar Homes on the Market in SF since 2012

With a hundred more new listings than offers written over the past week, the overall inventory of homes actively listed for sale in San Francisco ticked up another 13 percent to 870, which is 26 percent higher than at the same time last year and the most inventory since... Read More »

Record High Employment in San Francisco and the Valley

Record High Employment in San Francisco and the Valley

Having jumped like Kris Kross in July, the number of people living in San Francisco with a job increased by another 1,400 last month to a record 543,400. And as such, there are now 77,900 more people living in San Francisco with paychecks than there were at the end... Read More »