Articles Filed Under: East Bay

(525 posts)
Index for Bay Area Home Values Inches Up and Down

Index for Bay Area Home Values Inches Up and Down

Having slipped in May and June, 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 0.9 percent in July for a year-over-gain of 2.5 percent versus a 4.8 percent gain... Read More »

San Francisco Rents Just Dropped Even More

San Francisco Rents Just Dropped Even More

Having slipped under $3,600 in August, the weighted average asking rent for an apartment in San Francisco has just dropped to under $3,400 a month, which is down nearly 6 percent over the past month alone (having dropped closer to 3 percent a month over the prior quarter), down... Read More »

Rents in San Francisco Drop Even More, But…

Rents in San Francisco Drop Even More, But…

Having slipped to just under $3,600 last month, the weighted average asking rent for an apartment in San Francisco has since dropped another 5 percent to $3,425, which is now down 20 percent on a year-over-year basis and 23 percent below a 2015-era peak, driven by a sharp increase... Read More »

Bay Area Employment Still Down by 400K, Labor Force Dropping

Bay Area Employment Still Down by 400K, Labor Force Dropping

While the estimated number of people living in San Francisco with a paycheck increased by 5,900 in August to 515,900, the labor force shrank by 7,800 to 565,700 for an unemployment rate of 8.8 percent (versus 9.4 percent at the height of the Great Recession). As such, while employment... Read More »

Asking Rents in Oakland Drop, Listings Jump

Having slipped last month, which shouldn’t have caught any plugged-in readers by surprise, the weighted average asking rent for an apartment in Oakland has since dropped nearly 5 percent to a little under $2,500 a month, which is now down over 13 percent since the end of last year... Read More »

Local Unemployment Claims Tick Up

Local Unemployment Claims Tick Up

While the unemployment rate in San Francisco declined in July, the number of San Francisco residents that filed a new/initial unemployment claim last month actually ticked up 5.3 percent to 25,354, reversing a two month run in which the number of new claims had either dropped or held. And... Read More »

Index for Bay Area Home Values Slips Despite Nationwide Gains

Index for Bay Area Home Values Slips Despite Nationwide Gains

Having slipped in May despite nationwide gains, 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 – slipped another 0.6 percent in June, versus an average increase of 0.6 percent nationwide, and the... Read More »

$135 Million East Bay Estate Trades (For $116 Million Less)

$135 Million East Bay Estate Trades (For $116 Million Less)

As we outlined last year: According to the agent for the 22-acre “Fieldhaven” estate at 7 Country Oak Lane in Alamo, David Duffield, the co-founder of PeopleSoft and Workday, invested over $135 million in building out the property, a build-out which was completed in 2013 by a team of... Read More »

Bay Area Employment up by 63K in July, Down 440K YOY

Bay Area Employment up by 63K in July, Down 440K YOY

While the number of San Francisco residents with a job increased by 12,400 last month, there are still 66,900 fewer employed people in the city (511,200) than there were prior to the pandemic (578,100) and 62,400 fewer than at the same time last year (573,600) with an unemployment rate... Read More »

Asking Rents in Oakland Slip, Discount to S.F. Drops

With signs of weakness having started to emerge last month, the weighted average asking rent for an apartment in Oakland has slipped back under $2,600 a month and is now down around 10 percent since the end of last year, and 13 percent below a 2016-era peak of roughly... Read More »