Articles Filed Under: Trends

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Pending U.S. Home Sales Continue to Drop Despite More Inventory

Pending U.S. Home Sales Continue to Drop Despite More Inventory

Having dropped 2.6 percent in October, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, declined another 0.7 percent in November to 101.4 and is now running 7.7 percent lower on a year-over-year basis and 9.7 percent below last year’s... Read More »

Mortgage Rates End the Year Half a Point Higher

Mortgage Rates End the Year Half a Point Higher

Having hit a 7-year high of 4.94 percent last month, the average rate for a benchmark 30-year mortgage has since dropped 39 basis points, including 7 basis points over the past week, to 4.55 percent but remains 56 basis points above its mark at the same time last year,... Read More »

Indexes for Bay Area Home Values Slip and Fall

Indexes for Bay Area Home Values Slip and Fall

Having slipped 0.7 percent in October, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – has shed a total of 1.0 percent over the past quarter and its year-over-year gain has dropped... Read More »

Bay Area Employment Trends up to Another Record High

Bay Area Employment Trends up to Another Record High

Having ticked up in October, the number of people living in San Francisco with a job increase by another 5,500 over the past month to a record 571,000 at the end of November and the labor force increased by 5,000 to 583,700, pushing the unemployment rate, which hit a... Read More »

The Fed Raises Rates, Signals Two More Hikes in 2019

As projected, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 25 basis points to between 2.25 and 2.5 percent, while signaling expectations for two more quarter-point increases in 2019, down from a previously expected three. The Fed dropped the benchmark... Read More »

Year-Over-Year Decline in Existing U.S. Home Sales Is Accelerating

Year-Over-Year Decline in Existing U.S. Home Sales Is Accelerating

While the seasonally adjusted pace of existing-home sales across the U.S. ticked up 1.9 percent in November to an annual rate of 5.32 million sales, the pace is now running 7.0 percent lower versus the same time last year, down from 5.1 percent lower on a year-over-year basis in... Read More »

Upgraded Russian Hill Victorian Nearly Fetches Its 2016 Price

Upgraded Russian Hill Victorian Nearly Fetches Its 2016 Price

Purchased for $2.95 million in June of 2016, the “exceptional” Russian Hill home on an extra-wide corner lot at 2500 Leavenworth Street, with “soaring 12-foot ceilings, hardwood floors and period details,” not to mention sweeping views from its upper level and deck, was subsequently upgraded and now features a... Read More »

Pipeline of Development in San Francisco Ticks Up, Construction Too

Pipeline of Development in San Francisco Ticks Up, Construction Too

With the number of newly proposed units of housing to be built in San Francisco having outpaced the number of units that recently finished up construction for the fourth quarter in a row, the overall pipeline of apartments and condos under development in San Francisco increased by nearly a... Read More »

Nearly 70 Percent More Homes on the Market in San Francisco

While the pace of home sales in San Francisco continues to slow, with fewer than 20 new homes listed for sale in San Francisco over the past week and a typical end of the year culling of unsold listings picking up steam, the number of homes actively listed for... Read More »

Another, Bigger, Sub-2015 Sale in South Beach

Another, Bigger, Sub-2015 Sale in South Beach

As we wrote when we noted the slightly sub-2015 sale price for the one-bedroom unit #403 at 72 Townsend Street last year, “if you’re kicking yourself for having missed yet another anomalous and cherry-picked outcome (as some will certainly continue to rationalize), please don’t. Instead, turn your attention to... Read More »