Articles Filed Under: Trends

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Pace of New Home Sales in the U.S. Inches Up, Drops in the West

Pace of New Home Sales in the U.S. Inches Up, Drops in the West

Having dropped a downwardly revised 4.7 percent in January, the seasonally adjusted pace of new single-family home sales in the U.S. inched up 0.6 percent in February to annual pace of 618,000 sales, which is 0.5 percent higher on a year-over-year basis but remains 4.3 percent below average for... Read More »

San Francisco and Oakland Rents Inch up but Remain below Peak

San Francisco and Oakland Rents Inch up but Remain below Peak

Having ended last year lower than where they started, asking rents for apartments in San Francisco have inched up around one (1) percent over the past two months, in part due to the typical seasonality in rents. And in fact, based on a comparison of roughly 2,600 listings, the... Read More »

Modernized Inner Mission Home Fetches its Early 2015 Price

Modernized Inner Mission Home Fetches its Early 2015 Price

As we wrote early last month prior to knowing the outcome: “Having been taken “down to the studs and masterfully redesigned,” with four (or five) bedrooms, three full bathrooms, an open chef’s kitchen and great room, and a penthouse media room with a wet bar and wrap around roof... Read More »

The Fed Institutes Another Rate Hike, Signals Seven More to Come

As predicted, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 0.25 percent (25 basis points) and signaling expectations for two more quarter-point increases in 2018, three in 2019 and another two in 2020. The Fed dropped the benchmark rate five... Read More »

Existing Home Sales in the U.S. Reverse Course, Jump in the West

Having dropped an average of 3.4  percent in each of the previous two months, the pace of existing-home sales in the U.S. ticked up 3.0 percent in February to a seasonally adjusted annual rate of 5.54 million sales which is 1.1 percent above the pace at the same time... Read More »

Mortgage Rates Slip, Odds of a Rate Hike Rise

Mortgage Rates Slip, Odds of a Rate Hike Rise

Having ticked up 51 basis points since the beginning of the year, the average rate for a benchmark 30-year mortgage slipped 2 basis points over the past week to 4.44 percent but remains 14 basis points higher on a year-over-year basis and within 14 basis points of a 5-year... Read More »

Record Pipeline of Projects in SF but Actual Building Slows Down

Record Pipeline of Projects in SF but Actual Building Slows Down

With the number of newly proposed units of housing to be built in San Francisco having outpaced the number of units that finished up construction in the fourth quarter of last year, the overall pipeline of apartments and condos under development in San Francisco has increased by 1,950 to... Read More »

Eviction Notices Drop in San Francisco with a Notable Exception

Eviction Notices Drop in San Francisco with a Notable Exception

The number of eviction notices filed with San Francisco’s Rent Board dropped 12 percent over the past year, from 1,881 to 1,657. But there was one category in which there was a notable increase in notices: those related to Ellis Act evictions, the number of which (201) jumped 58... Read More »

Mortgage Rates Continue to Inch Up, Nearing 5 and 7-Year Highs

Mortgage Rates Continue to Inch Up, Nearing 5 and 7-Year Highs

The average rate for a benchmark 30-year mortgage inched up another 3 basis points over the past week to 4.46 percent, which is 25 basis points higher than at the same time last year (4.21 percent) and within 12 basis points of a 5-year high (4.58 percent), according to... Read More »

Bay Area Employment Slips from Record Highs

Bay Area Employment Slips from Record Highs

A refinement to the State of California’s analytics increased the estimated number of people living in San Francisco with a job to a record 557,800 at the end of 2017 while the city’s unemployment rate was raised from 2.3 to 2.4 percent (the estimated size of the labor force... Read More »