Articles Filed Under: Trends

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Some Relief For Renters In SF, Growing Pain(s) In The East Bay

While the average asking rent for a market-rate apartment in San Francisco has hit a record $3,400 a month, up 9.8 percent over the past year, the largest percentage increase has occurred in Oakland where the average rent now measures $2,500 per month, up 17.6 percent over the past twelve months.  But there could be Read More »

San Francisco Home Values Slip, Condo Appreciation Slows

San Francisco Home Values Slip, Condo Appreciation Slows

Single-family home values within the San Francisco MSA slipped 0.4 percent from July to August but remain 9.0 percent higher than at the same time last year, according to the latest S&P Case-Shiller Home Price Index. While the aggregate index for San Francisco home values has gained 65 percent since early 2009 it remains 10.9 Read More »

Pending Home Sales Index Higher For First Time In 11 Months

The National Association of Realtors Pending Home Sales Index inched up a nominal 0.3 percent from August to September and is now running 1.0 percent higher on a year-over-year basis, the first year-over-year gain for the index in eleven months. At the same time, the Pending Home Sales index for the West fell 0.8 percent Read More »

New Home Sales Unchanged From Downwardly Revised Pace

New Home Sales Unchanged From Downwardly Revised Pace

The seasonally adjusted annual pace of new single-family home sales in the U.S. was effectively unchanged (up 0.2 percent to 467,000) from August to September, with the August pace having been downwardly revised by 8 percent to 466,000. While currently running 17 percent higher versus the same time last year, keep in mind that the Read More »

Mortgage Rates Drop To 16-Month Low

Mortgage Rates Drop To 16-Month Low

As we expected, the average rate for a conforming 30-year fixed-rate mortgage dropped to its lowest point in over a year, down from 3.97 percent to 3.92 percent over the past week and versus 4.13 percent at the same time last year.  The current average rate is at its lowest point since the first week of Read More »

Pace Of Existing-Home Sales Hits 2014 High

Following a slight decline in August, the seasonally adjusted pace of existing-home sales across the U.S. ticked up 2.4 percent in September to its highest pace of the year but remains 1.7 percent lower one a year-over-year basis while the inventory of unsold homes on the market is running 6 percent higher versus the same Read More »

Prop G Fears Appear To Be In Effect In San Francisco

Since the proposed “anti-speculation tax” on multi-unit buildings in San Francisco qualified for the November ballot in June, the number of buildings with more than one unit listed for sale on the MLS has increased by 68 percent to 151.  While that’s not an overwhelming number of listings in the absolute, it is the most Read More »

A Tipping Point For Oakland’s Office Market?

Between 70 and 80 percent of the recent demand for office space across the Bay Area has been driven by tech companies, according to Cassidy Turley. In San Francisco, the demand for office space is at an all-time high and office rents have increased 15 percent over the past year and nearly doubled since the Read More »

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 »