Articles Filed Under: Trends

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The Plea to Save a Mission District Dollar Store

The Plea to Save a Mission District Dollar Store

Having already been redesigned to look less upscale and eliminate its garage, the proposed redevelopment of the “One $ Store” parcel on the southwest corner of Mission and 17th Streets, which has been in the works since 2009, has now been formally challenged by the Mission Economic Development Agency... Read More »

Number of Homes for Sale in San Francisco Is on the Rise

Number of Homes for Sale in San Francisco Is on the Rise

Driven in part by a pronounced slowdown in sales activity since the end of last year, the number of single-family homes and condos actively listed for sale in San Francisco (650) is currently running 3 percent higher versus the same time last year (630) and 41 percent above the... Read More »

SF Population Ticks Up to 884,000; Bay Area Nearing 7.8 Million Mark

The estimated population of San Francisco proper has inched up from 880,400 in July of 2017 to 884,000 as of January 1, 2018, according to the latest data from California’s Department of Finance. As such, San Francisco’s population increased by roughly 10,000 (1.14 percent) in 2017, with 64 percent... Read More »

Berkeley Gas Station Development Redesigned for ‘Co-Living’

Berkeley Gas Station Development Redesigned for ‘Co-Living’

Plans to level the Berkeley Gas & Smog station on southwest corner of Shattuck and Ashby Avenues have been in the works since 2015, at which point a five-story development with 44 residential units and a total of 53 bedrooms, counting a studio as one, had been envisioned to... Read More »

Pending Home Sales Inch up in the U.S., Drop in the West

Pending Home Sales Inch up in the U.S., Drop in the West

Having dropped to a 39-month low at the beginning of the year, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, inched up 0.4 percent from a downwardly revised 107.2 in February to 107.6 in March, driven by activity in... Read More »

Bay Area Home Sales Slip, 9-Year Seasonal Low in San Francisco

Bay Area Home Sales Slip, 9-Year Seasonal Low in San Francisco

The number of single-family homes and condos that traded hands across the greater Bay Area totaled 7,122 in March, a 3.3 percent drop in volume versus the same time last year, versus a 9.0 percent gain over the previous year, according to recorded sales data from CoreLogic. And in... Read More »

Benchmark Mortgage Rate Jumps, Nearing 7-Year High

Benchmark Mortgage Rate Jumps, Nearing 7-Year High

The average rate for a benchmark 30-year mortgage jumped 11 basis points over the past week to 4.58 percent, which is 55 basis points higher than the 4.03 percent rate in place at the same time last year and an effective 7-year high, matching the 4.58 percent average rate... Read More »

New Condo Sales Tick up in SF on the Heels of a Price Drop

New Condo Sales Tick up in SF on the Heels of a Price Drop

Having taken a hit in February, the Mark Company’s pricing index for new condos in San Francisco inched up 0.5 percent in March but is still running 8.8 percent lower on a year-over-year basis and 16.1 percent below its peak in the third quarter of 2015. At the same... Read More »

Asking Rents Tick up in San Francisco, Slip in Oakland

Asking Rents Tick up in San Francisco, Slip in Oakland

Having ended last year lower than where they started, asking rents for apartments in San Francisco have ticked up around 3 percent since the beginning of the year, roughly half of which can be attributed to normal seasonality. And in fact, based on a comparison of nearly 3,000 listings,... Read More »

Bottom Third of Bay Area Home Values Just Hit Pre-Recession High

Bottom Third of Bay Area Home Values Just Hit Pre-Recession High

Having inched up 0.4 percent in January, 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 – ticked up another 1.0 percent in February and is now running 10.1 percent higher on a... Read More »