Articles Filed Under: Breaking News

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A New COVID Case High in San Francisco, Rollbacks Loom

A New COVID Case High in San Francisco, Rollbacks Loom

Based on an updated count and confirmation, the number of new COVID-19 cases diagnosed in San Francisco on Monday of last week (11/16) totaled 164, surpassing the previous one-day high of 161 diagnosed cases on July 14. At the same time, the 7-day average of daily new cases, which... Read More »

One-Bedroom Rents Down to 2012-Era Levels in San Francisco

One-Bedroom Rents Down to 2012-Era Levels in San Francisco

With the average asking rent for a studio apartment in San Francisco having slipped below $2,000 a month for the first time in nearly a decade earlier this month, the average asking rent for a one-bedroom apartment in the city has since slipped under $2,700 a month for the... Read More »

Number of Homes on the Market in San Francisco Drops, But…

Number of Homes on the Market in San Francisco Drops, But…

In a move which shouldn’t catch any plugged-in reads by surprise, the number of homes on the market in San Francisco, net of all new sales and contract activity, both pending and closed, dropped 7 percent over the past week, driven by a seasonal slowdown in new listing activity.... Read More »

Bay Area Re-Employment Jumps, Labor Force Rebounds

Bay Area Re-Employment Jumps, Labor Force Rebounds

Having sputtered in September, the number of people living in San Francisco with a paycheck jumped by 25,400 last month, driving the unemployment rate, which had been averaging around 2 percent prior to the pandemic but jumped to 12.6 percent in April, back down to 6.9 percent. That being... Read More »

Yes, Mortgage Rates Just Dropped to New All-Time Lows

Yes, Mortgage Rates Just Dropped to New All-Time Lows

Having inched up last week from an all-time low of 2.78 percent the week before, the average rate for a benchmark 30-year mortgage has since dropped 12 basis points to 2.72 percent, which is nearly a full percentage point lower than the historically low rate that was on offer... Read More »

Another Round of Reopening Rollbacks Hit San Francisco

Another Round of Reopening Rollbacks Hit San Francisco

Having rolled back the reopening of all indoor dining last week, and re-reduced the allowable operating capacities of fitness centers and movie theaters, San Francisco will now roll back the reopening of all non-essential offices, which were allowed to reopen last month, and further reduce the allowable capacity of... Read More »

Studio Rents Just Dropped to 2011-Era Levels in San Francisco

Studio Rents Just Dropped to 2011-Era Levels in San Francisco

For the first time since 2011, the average asking rent for a studio apartment in San Francisco has slipped below $2,000 a month, which is down nearly 25 percent since the end of February and over 30 percent below the market’s peak in 2015, driven by a sharp increase... Read More »

San Francisco Will Roll Back Indoor Dining and Other Plans

Due to a rapid increase in local COVID-19 case rates, San Francisco will be rolling back the reopening of indoor dining in any context (including standalone restaurants, food courts in shopping centers, and dining establishments in hotels, museums or other venues), reducing the allowable capacity of fitness centers and... Read More »

The Fed Affirms: No Rate Hikes on the Horizon, Risks Loom

Citing an ongoing public health crisis (i.e., the pandemic) that “will continue to weigh on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term,” the Federal has just reaffirmed its commitment to maintaining a low-rate environment, “until... Read More »

Benchmark Mortgage Rate Slips Under 2.8 Percent

Benchmark Mortgage Rate Slips Under 2.8 Percent

Having dropped to a new all-time low of 2.80 percent two weeks ago, the average rate for a benchmark 30-year mortgage has since inched down another two (2) basis points to 2.78 percent, which is nearly a full percentage point, or 25 percent, lower than the average rate of... Read More »