Articles Filed Under: Trends

(1,908 posts)
Bay Area Employment Slips, Trending Down in S.F. and Alameda

Bay Area Employment Slips, Trending Down in S.F. and Alameda

On the heels of the weakest first quarter for employment growth since 2009, the number of people living in San Francisco with a job dropped by 1,100 in May to 542,600 versus ticking up by 800 in May of last year and 2,600 in May of 2015. But with... Read More »

Pending U.S. Home Sales Drop, Down Year-Over-Year

Having slipped 0.8 percent in March, the National Association of Realtors Pending Home Sales Index, for which 100 denotes an average level of activity, declined another 1.3 percent in April to 109.8, which is 3.3 percent lower than the same time last year. The year-over-year decline for the national... Read More »

Bay Area Home Values Hit Another High but Gains Really Slow

Bay Area Home Values Hit Another High but Gains Really Slow

Having ticked up 1.1 percent in February to an all-time high, 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 – gained another 1.0 percent in March and the index for area condos... Read More »

Benchmark Mortgage Rate Back Below 4 Percent

Benchmark Mortgage Rate Back Below 4 Percent

The average rate for a benchmark 30-year mortgage has dropped to 3.95 percent, the lowest average rate this year and 35 basis points below the 4.30 percent rate in place prior to the Fed’s second rate hike in March. At the same time, the benchmark rate remains 31 basis... Read More »

Bay Area Home Sales Slip, Slowest April in Six Years

Bay Area Home Sales Slip, Slowest April in Six Years

At a time of the year when sales typical rise around 5 percent, the number of single-family homes and condos that traded hands in San Francisco last month dropped 7 percent, from an upwardly revised 514 in March to 478 April, which is 12.3 percent lower versus the same... Read More »

Pace of Existing Home Sales in the U.S. Slips

Having ticked up 4.4 percent in March to a ten-year high, the pace of existing-home sales in the U.S. slipped 2.3 percent in April to a seasonally adjusted annual rate of 5.70 million transactions, which is 1.6 percent above the pace at the same time last year versus 5.9 percent... Read More »

New Condo Sales and Pricing Drop in San Francisco

New Condo Sales and Pricing Drop in San Francisco

While sales activity for new condos in San Francisco has typically ticked up from March to April, the number of purchase contracts signed last month (35) was 62 percent lower than the month before and 17 percent lower versus the same time last year. At the same time, the... Read More »

Pace of New Home Sales in the U.S. Fell 11 Percent Last Month

The seasonally adjusted rate of new single-family home sales in the U.S. fell 11.4 percent from March to April to a rate of 569,000 annual sales and is now running a nominal 0.5 percent above the pace of sales at the same time last year. Last month’s pace of... Read More »

Bay Area Unemployment Drops to near Record Lows, But…

Bay Area Unemployment Drops to near Record Lows, But…

Following the weakest first quarter for employment growth since 2009, the number of people living in San Francisco with a job slipped by 700 to 543,900 in April. But with the labor force having dropped by 2,600 as well, the unemployment rate in the city has dropped to a... Read More »

Pipeline of Development in S.F. Holds but Nearing Negative Growth

Pipeline of Development in S.F. Holds but Nearing Negative Growth

With new proposals having been submitted to the City for roughly the same number of residential units that finished construction in the first quarter of the year, the overall pipeline of apartments and condos under development in San Francisco is holding around 63,600. But as we first noted last... Read More »