Articles Filed Under: Trends

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Price Cuts Up, Pending Sales Down in San Francisco

Having ended 2018 with around 36 percent more homes on the market in San Francisco than there were at the end of 2017, which is right in line with the trend we’ve been tracking over the past couple of years, the number of homes currently in contract to be... Read More »

Rents in San Francisco and Oakland Reversed Course in 2018

Rents in San Francisco and Oakland Reversed Course in 2018

Having dropped in 2017, the weighted average asking rent for an apartment in San Francisco and Oakland ticked up in 2018 but both markets remain below peak. Including one-off rentals, as well as those in larger developments, the average asking rent for an apartment in San Francisco is now... Read More »

2018 Ends with More Homes for Sale in SF, Pending Sales Down

2018 Ends with More Homes for Sale in SF, Pending Sales Down

With only a handful of homes having been newly listed for sale over the past week, and the seasonal culling of unsold listings – which will likely return to the market as “new” in the new year – having peaked, the number of homes actively listed for sale in... Read More »

Bay Area Home Sales Drop, Median Price Trending Down

Bay Area Home Sales Drop, Median Price Trending Down

Having rebounded to a 7-year seasonal low in September, the number of single-family homes and condos that traded hands across the greater Bay Area totaled 6,147 in November, down 14.1 percent on a month-over-month basis (versus a typical seasonal drop of around 10 percent) and 15.2 percent lower versus... Read More »

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 »