Articles Filed Under: Breaking News

(1,065 posts)
Number of Homes on the Market in San Francisco Spikes

Number of Homes on the Market in San Francisco Spikes

Following a trend which shouldn’t catch any plugged-in readers by surprise, the number of homes on the market in San Francisco, net of new sales and contract signings, has jumped another 10 percent over the past week to 1,290, which is 98 percent more inventory on the market as... Read More »

Benchmark Mortgage Rate Nearing an Unprecedented Mark

Benchmark Mortgage Rate Nearing an Unprecedented Mark

The average rate for a benchmark 30-year mortgage dropped another 6 basis points (0.06 percentage points) over the past week to 3.07 percent.  That’s a new all-time low for the average 30-year rate, 68 basis points below the average rate at the same time last year, and within 8... Read More »

Index for Bay Area Home Values Inches up to a New High, But…

Index for Bay Area Home Values Inches up to a New High, But…

Having ticked up an upwardly revised 2.1 percent in March, 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 another 0.7 percent in April to a new all-time high, but... Read More »

Most Sub-Million Dollar Homes on the Market in S.F. Since 2016

Most Sub-Million Dollar Homes on the Market in S.F. Since 2016

The number of homes on the market in San Francisco, net of new sales, continues to climb and just crossed the 1,200 mark for the first time in 9-years. In fact, there are now 90 percent more homes on the market than at the same time last year and... Read More »

Number of Bay Area Unemployment Claims Hits a Million (YTD)

Number of Bay Area Unemployment Claims Hits a Million (YTD)

Having climbed to over 57,500 in April, the number of San Francisco residents that filed a new/initial unemployment claim dropped to 24,243 in May. That being said, the number of employed people residing in the city has continued to decline and over 133,000 new unemployment claims have been filed... Read More »

Asking Rents in San Francisco Drop Even More, Listings Double

Asking Rents in San Francisco Drop Even More, Listings Double

The weighted average asking rent for an apartment in San Francisco has now dropped to $3,825 a month. While that’s not exactly cheap, it’s nearly 7 percent ($275) cheaper than four months ago, 10 percent ($450) cheaper than at the same time last year and 14 percent ($625) cheaper... Read More »

Bay Area Unemployment Rate Drops with Labor Force Decline

Bay Area Unemployment Rate Drops with Labor Force Decline

Based on employment data through the second week of May, the estimated number of San Francisco residents with a paycheck has dropped by over 92,000 over the past three months to 481,500, while the labor force has shrunk by over 36,000 to 550,900, for an unemployment rate of 12.6... Read More »

Benchmark Mortgage Rate Drops to a New All-Time Low

Benchmark Mortgage Rate Drops to a New All-Time Low

As we noted last week, while the average rate for a benchmark 30-year mortgage had inched up to 3.21 percent, there weren’t any hikes on the horizon. And in fact, the average 30-year rate has since dropped 8 basis points (0.08 percentage points) to 3.13 percent, which is 71... Read More »

Most Homes on the Market in San Francisco in Nine Years

Most Homes on the Market in San Francisco in Nine Years

While the number of homes newly listed for sale in San Francisco having outpaced the number of purchase contracts that were inked for the ninth week in a row, there are now 1,050 homes listed for sale across the city. That’s not only a 9-year seasonal high but a... Read More »

Moratorium on Pandemic Related Evictions Made Permanent

The temporary moratorium on the eviction of tenants in San Francisco for the non-payment of rent from April through July, if formally documented as being due to the COVID-19 pandemic, has effectively been made permanent by San Francisco’s Board of Supervisors. While the ordinance does not forgive any past... Read More »