Articles Filed Under: Trends

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Index for Bay Area Home Values Inches Up, Condos Slip

Index for Bay Area Home Values Inches Up, Condos Slip

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 – inched up 0.6 percent in July to a record high and is running 10.8 percent higher on a year-over-year basis but with uneven... Read More »

Proposed Development in San Francisco Tracking a Seven-Year Low

Proposed Development in San Francisco Tracking a Seven-Year Low

Having peaked at 116 in 2014, the number of newly proposed plans for major developments in San Francisco has been trending down ever since, a trend which shouldn’t catch any plugged-in readers by surprise. And with around 30 preliminary proposals for major projects in the city having been submitted... Read More »

Trend of Homes for Sale in San Francisco Ticks Up

Having hit a 7-year high last week, the number of homes listed for sale in San Francisco has ticked up another 2.2 percent to 920 which is now 16 percent higher on a year-over-year basis and 34 percent above its mark at the same time in 2015 (the year... Read More »

Bay Area Employment Drops along with Unemployment Rates

Bay Area Employment Drops along with Unemployment Rates

Having recorded an above-average bump in seasonal hires in July, the number of people residing in San Francisco with a job dropped by 3,000 over the past month to 557,200. But with the labor force having dropped by 3,300 to 570,900, the employment rate in the city dropped from... Read More »

Benchmark Mortgage Rate Effectively Hits a Seven-Year High

Benchmark Mortgage Rate Effectively Hits a Seven-Year High

The average rate for a benchmark 30-year mortgage ticked up another 5 basis points over the past week to 4.65 percent, which is 82 basis points above its mark at the same time last year and within 1 basis points of the seven-year high rate of 4.66 percent which... Read More »

Sixth Straight Year-Over-Year Decline for Existing U.S. Home Sales

Having dropped 4.6 percent since the end of the first quarter, the seasonally adjusted pace of existing-home sales across the U.S. held at an annual rate of 5.34 million sales in August, which is 1.5 percent lower versus the same time last year and the sixth year-over-year decline in... Read More »

Asking Rents in SF and Oakland Ticked Up but Didn’t Peak in Q3

Asking Rents in SF and Oakland Ticked Up but Didn’t Peak in Q3

Having ticked up a little over one (1) percent from the second to third quarter of this year, the weighted average asking rent for an apartment in San Francisco – including one-off rentals as well as those in larger developments such as 150 Van Ness above – is now... Read More »

Whitewashed Victorian Fetches $250K More

Whitewashed Victorian Fetches $250K More

Purchased for $2.55 million last year, the “Exceptional Eureka Valley Home” at 3751-3753 17th Street, which had been “lovingly curated” by the same owner for over 40 years, was subsequently remodeled and its ornate detailing and original woodwork was whitewashed. Sporting two new kitchens and baths, the 3,100-square-foot duplex... Read More »

Inventory of Homes for Sale in San Francisco Hits 7-Year High

Inventory of Homes for Sale in San Francisco Hits 7-Year High

Following a trend which shouldn’t catch any plugged-in readers by surprise, the number of homes actively listed for sale in the San Francisco (900) has just hit a 7-year high and is now running 12 percent higher on a year-over-year basis and 30 percent above its mark at the... Read More »

Mortgage Rates Rise, Largest YOY Increase since 2014

Mortgage Rates Rise, Largest YOY Increase since 2014

The average rate for a benchmark 30-year mortgage ticked up another 6 basis points over the past week to 4.6 percent, which is 82 basis points above its mark at the same time last year, which is the largest year-over-year (YOY) increase since May of 2014, and within 6... Read More »