Articles Filed Under: Trends

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Median S.F. Home Price Hits A Record $1.15M And Sales Slip (Again)

Median S.F. Home Price Hits A Record $1.15M And Sales Slip (Again)

Recorded sales activity for single-family homes and condos in San Francisco slipped 1.4 percent in May and is currently running 6.1 percent lower on a year-over-year basis, versus 5.6 percent lower last month. Sales activity in San Francisco typically increase around 10 percent from April to May. As sales... Read More »

Bay Area Home Values Climb, Condo Values Hit New High

Bay Area Home Values Climb, Condo Values Hit New High

Single-family home and condominium values within the San Francisco Metropolitan Area gained 2.0 and 2.2 percent respectively in April, according to the latest S&P Case-Shiller Home Price Index. The San Francisco index for single-family homes is running 10.0 percent higher on a year-over-year basis and is within 3.7 percent... Read More »

Pending U.S. Home Sales Index At Highest Point Since Early 2006

The National Association of Realtors Pending Home Sales Index ticked up 0.9 percent in May from a downward revised level of 111.6 in April. The index, for which 100 denotes an average level of activity, is at its highest point since April 2006 (at which point it measured 113.7)... Read More »

Inventory Of Homes For Sale In San Francisco Slips, With An Exception

The inventory of listed homes for sale in San Francisco ticked down around 3 percent over the past few weeks and is currently running 8 percent lower on a year-over-year basis, driven in part by an early slowdown in new listing activity moving into the summer season and a... Read More »

Developer Suddenly Selling A Pair Of ‘Unparalleled’ Opportunities

Developer Suddenly Selling A Pair Of ‘Unparalleled’ Opportunities

While Artthaus made headlines earlier this month for filing plans to construct a seven-story building with 131 Group Housing Units and shared kitchens at 1798 Bryant Street in the Mission, and another 36 Group Housing Units at 45 Dore in SoMa, it doesn’t appear that the developer actually plans... Read More »

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

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

The seasonally adjusted pace of new single-family home sales in the U.S. gained 2.2 percent in May to annual rate of 546,000 sales.  The current pace is 19.5 percent higher than at the same time last year (versus 26.1 percent higher on a year-over-year basis in April) but remains... Read More »

Pace Of Existing U.S. Home Sales Highest Since 2009

Having slipped in April, the seasonally adjusted pace of existing-home sales in the U.S. increased to 5.35 million in May, up 5.1 percent from the month before and the highest annual pace since November 2009. The current pace is 9.2 percent higher versus the same time last year. And... Read More »

No Buyer For Former Mayor’s View Home Despite Sub-2008 Price

No Buyer For Former Mayor’s View Home Despite Sub-2008 Price

As we wrote about the Clarendon Heights home at 100 Palo Alto Avenue two months ago: Built for former San Francisco Mayor Elmer E. Robinson in 1953, the 4,800-square-foot Mid-Century home with “breathtaking views” at 100 Palo Alto Avenue was purchased for $5.625 million in April of 2008, resold... Read More »

San Francisco Employment Continues Its Record Run

San Francisco Employment Continues Its Record Run

The number of people living in San Francisco with a job reached a record 525,600 in May, an increase of 1,700 as compared to the month before and 19,900 more employed than at the same time last year. There are now 60,100 more people living in San Francisco with... Read More »

Fed Expected To Raise Interest Rates By The End Of The Year

With employment on the rise and an uptick in economic activity, the Fed appears to be on track for a half-point increase in interest rates by the end of the year with expectations of another full point being added in 2016. The increases should continue to drive mortgage rates, which... Read More »

Noe Valley’s New Second Most Expensive Home

Noe Valley’s New Second Most Expensive Home

Purchased as a “pride-of-ownership” Mid-Century home for $1.51 million in late 2012, the Noe Valley three-bedroom at 471 Hoffman was gutted, expanded, and returned to the market a month ago as a contemporary five-bedroom, with four levels, an abundance of stairs (and no elevator), and a list price of... Read More »

30-Year Mortgage Rate Over 4 Percent For First Time In 2015

30-Year Mortgage Rate Over 4 Percent For First Time In 2015

As we expected last week with the underlying basis on the move, the average rate for a 30-year mortgage has continued to climb, crossing the four percent mark for the first time since November 2014 and hitting a new high for 2015. The average rate for a 30-year fixed-rate... Read More »

Inventory Of Homes For Sale In San Francisco Ticks Up (And Down)

The standing inventory of listed homes for sale in San Francisco ticked up 20 percent over the past two months as is typical for this time of the year. That being said, inventory is currently running 4 percent lower on a year-over-year basis, down from 8 percent higher two... Read More »

Basis For 30-Year Mortgage Rate On The Move (Up)

Since hitting a 2015 high of 3.87 percent last week, the average rate for a 30-year fixed mortgage has been relatively unchanged.  But the 10-year Treasury yield, the basis for the 30-year mortgage rate, jumped around 10 basis points (0.10) this morning on strong jobs data. And while the... Read More »

San Francisco’s Median Rent Is NOT $4,225.  Really, It’s Not

The SFGate’s recent report that the median rent in San Francisco has hit “a ridiculous $4,225″ is factually wrong and borderline reckless. From the report: “We already knew the rent was too damn high, even before we published a report this February showing not only that the median for a one... Read More »