Articles Filed Under: Trends

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Pending U.S. Home Sales Eke out a Nominal Gain, Drop in the West

Having suddenly dropped 3.7 percent in May, the National Association of Realtors Pending Home Sales Index, for which 100 denotes an average level of activity, eked out a nominal 0.2 percent gain to 111.0 in June. As such, the index is 1.0 percent higher on a year-over-year basis but... Read More »

Indexes for Bay Area Home Values Stall, Year-Over-Year Gains Slide

Indexes for Bay Area Home Values Stall, Year-Over-Year Gains Slide

Having hit an all-time high in April and surpassing the previous cycle peak recorded in May of 2006 by 4.1 percent, the Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area effectively stalled in May, eking out a 0.1 percent gain. At the same time, the... Read More »

Pace of New U.S. Home Sales Back to an Eight-Year High

Pace of New U.S. Home Sales Back to an Eight-Year High

With a downward revision to April’s pace, and an upward revision to May’s, the pace of new single-family home sales in the U.S. ticked up 3.5 percent in June to an annual rate of 592,000 sales, which is 25.4 percent higher versus the same time last year (472,000) and... Read More »

San Francisco Rents Slip, East Bay Rents Climb

San Francisco Rents Slip, East Bay Rents Climb

Having inched up by $4 a month in the first quarter of 2016, the average asking rent for an apartment in a building with over 50 units in San Francisco slipped by $25 a month (0.7 percent) to $3,595 in the second quarter of the year, while the asking... Read More »

Bay Area Unemployment Rates Jump, but Here’s Why

Bay Area Unemployment Rates Jump, but Here’s Why

While the unemployment rate in San Francisco jumped from 2.9 percent in May to 3.5 percent in June, there are actually 400 more people living in the city with a job. But with school year seasonally in play, the labor force increased by 4,000 and drove the unemployment rate... Read More »

Bay Area Home Sales Slip but Edge Up in Napa and San Francisco

Bay Area Home Sales Slip but Edge Up in Napa and San Francisco

While the number of single-family homes and condos that traded hands across the Bay Area ticked 8 percent from May to June, which is typical for this time of the year, the recorded sales volume (8,679) was 6.5 percent lower than at the same time last year and represented... Read More »

Benchmark Mortgage Rate Ticks Up

Benchmark Mortgage Rate Ticks Up

Having dipped to within 10 basis points of an all-time low, the average rate for a benchmark 30-year mortgage ticked up 4 basis points to 3.45 percent over the past two weeks but remains 59 basis points below the 4.04 percent average rate in place at the same time... Read More »

Pace of U.S. Home Sales at a Nine-Year High, Price Sets a Record

The seasonally adjusted pace of existing-home sales in the U.S. ticked up 1.1 percent to an annual rate of 5.57 million sales in June, the highest annual pace since February 2007 and 3.0 percent higher versus the same time last year, but the rate of acceleration slipped from a... Read More »

New Condo Sales in San Francisco down over 30 Percent in 2016

New Condo Sales in San Francisco down over 30 Percent in 2016

We’ve compiled the monthly sales data for new condominiums in San Francisco over the past two years. While it’s not an aggregate statistic which the sales and marketing companies release, total contract signings in the first half of 2016 totaled under 400, down over 30 percent versus the first... Read More »

East Bay Office Market Cause for Concern?

East Bay Office Market Cause for Concern?

While not specifically quantified, the volume of office tenants in San Francisco seeking new space in the East Bay “dropped significantly” over the past quarter, according to an accounting by Cushman & Wakefield. And while the drop was partially attributed to a lack of available space, with the vacancy... Read More »