Articles Filed Under: Trends

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San Francisco Home Values Slip While Condos Values Rise

San Francisco Home Values Slip While Condos Values Rise

Single-family home values within the San Francisco MSA slipped another 0.2 percent from August to September but remain 7.9 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 Read More »

Bay Area Luxury Home Values Hit All-Time High

Bay Area Luxury Home Values Hit All-Time High

First Republic’s “Prestige Index” for the values of San Francisco Bay Area homes worth at least $1.0 million and currently averaging $3.45 million rose 3.8 percent from the second to third quarter of 2014 and is 14.3 percent higher on a year-over-year basis. Having gained 38.4 percent from the current cycle bottom in the first Read More »

San Francisco Continues Record Employment Run

San Francisco Continues Record Employment Run

Employment in San Francisco has hit another all-time high as the number of city residents with paychecks increased by 4,300 in October and now totals 481,900 with an unemployment rate of 4.3 percent, the lowest unemployment rate since 2008. That’s 25,500 more residents employed in San Francisco than at the same time last year.  And that’s Read More »

First Year-Over-Year Increase For Existing U.S. Home Sales Since 2013

The seasonally adjusted pace of existing-home sales in the U.S. ticked up 1.5 percent in October to an annualized rate of 5.26 million, the highest annualized rate since September 2013 and the first time since October 2013 that the rate has been higher on a year-over-year basis (up 2.5 percent). At the same time, the inventory Read More »

Union Square Rents Rocket, Strongest Growth Worldwide

Union Square Rents Rocket, Strongest Growth Worldwide

Rents for retail spaces around San Francisco’s Union Square have increased at the fastest pace of all prime retail areas across the globe over the past year, up 30 percent to an average of $650 per square-foot per year, according to Cushman & Wakefield’s latest Main Streets Across the World report. That being said, the average Read More »

U.S. Housing Starts Slip But Permit Activity Hits Six-Year High

The annual pace of housing starts in the U.S. fell 2.8 percent from September to October but remains 7.8 percent higher versus the same time last year as the pace of construction for structures with five or more units slumped 15.5 percent in October (down 6.8 percent year-over-year) but single-family home starts increased 4.2 percent (up 15.4 percent Read More »

Flips, Flops And A Downward Trend

Flips, Flops And A Downward Trend

Two months ago, a two-bedroom condo at Linea, the listing for which boasted “perhaps the best floor plan” in the building along Market at Buchanan was flipped for $120,500 more than had been paid for the unit five months earlier, a price that was equal to $1,266 per square foot. Last month, another two-bedroom, the Read More »

Office Rents In S.F. Forecast To Climb, But Not As Fast As In Boston

Office Rents In S.F. Forecast To Climb, But Not As Fast As In Boston

With demand for office space in San Francisco at an all-time high and office rents having increased 15 percent over the past year and nearly doubling since the first quarter of 2010, Cushman & Wakefield is forecasting that office rents in the city will increase by another 6 percent a year in 2015 and 2016. If the forecast Read More »

San Jose And San Francisco Prices Slip While U.S. Median Advances

San Jose and San Francisco remain the two most expensive major metropolitan areas in U.S. for single-family homes, but the gap between the two and the completion has narrowed a bit as the median price dropped for both areas in the third quarter of 2014. The median price for the San Jose area, which includes Read More »

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 »