Articles Filed Under: Trends

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Bay Area Unemployment Drops, but Employment Drops as Well

Bay Area Unemployment Drops, but Employment Drops as Well

While the unemployment rate in San Francisco has just dropped to a record low 2.1 percent, the number of people living in the city with job has actually dropped by 5,400 to 552,400 since the beginning of the year, having dropped by 3,200 last month alone. But with the... Read More »

Pricing Index for New Condos in S.F. Ticks Up, Sales Drop

Pricing Index for New Condos in S.F. Ticks Up, Sales Drop

Having inched up 0.5 percent in March, the Mark Company’s pricing index for new condos in San Francisco ticked up 4.5 percent in April and is now running 0.6 percent higher versus the same time last year but remains 12.3 percent below its peak which was reached in the... Read More »

Mortgage Rates Hit Seven-Year Highs, Odds of a Rate Hike Hold

Mortgage Rates Hit Seven-Year Highs, Odds of a Rate Hike Hold

Having ticked up 6 basis points over the past week, the average rate for a benchmark 30-year mortgage now measures 4.61 percent, which is 59 basis points higher than the 4.02 percent rate in place at the same time last year and the highest average rate since May of... Read More »

Proposed Development in San Francisco Tracking a Six-Year Low

Proposed Development in San Francisco Tracking a Six-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 fewer than 20 preliminary proposals for major projects in the city having been... Read More »

Complaints Related to Illegal Airbnb-Ing in S.F. Cut in Half

Complaints Related to Illegal Airbnb-Ing in S.F. Cut in Half

While the number of complaints related to illegal short-term rental activity in San Francisco hasn’t dropped to zero following the implementation of the City’s new short-term rental law (which restricts units that haven’t been registered with San Francisco’s Office of Short-Term Rentals from being listed on short-term rental platforms,... Read More »

Benchmark Mortgage Rate Holds along with Odds of a Rate Hike

Benchmark Mortgage Rate Holds along with Odds of a Rate Hike

The average rate for a benchmark 30-year mortgage held at 4.55 percent over the past week but remains 50 basis points above the 4.05 percent rate in place at the same time last year and within 5 basis points of an effective 7-year high, according to Freddie Mac’s Primary... Read More »

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 »