Articles Filed Under: Trends

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Luxury One-Bedroom Marked to Market, Down Over $200K

Luxury One-Bedroom Marked to Market, Down Over $200K

Listed for $1.15 million three months ago, the sale of the 851-square-foot, one-bedroom unit #16H on the 16th floor of the Lumina tower at 201 Folsom Street, which features “panoramic views,” wide plank hardwood floors, Siematic cabinetry, Gaggenau & Bosch appliances, custom closets, and a parking space in the... Read More »

Short-Term Mortgage Rate Jumps, 30-Year Rate Inches Up

Short-Term Mortgage Rate Jumps, 30-Year Rate Inches Up

Having dropped to an all-time low of 2.78 percent last week, the average rate for a benchmark 30-year mortgage has since inched up 6 basis points to 2.84 percent but remains 91 basis points below it mark at the same time last year and less than half the average... 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 »

Inventory Levels Drop in S.F., Reductions Poised To Rise

Inventory Levels Drop in S.F., Reductions Poised To Rise

As was to be expected, the number of homes on the market in San Francisco, net of new sales and contract activity, both pending and closed, ticked down another 3 percent over the past week to 1,790, which is down 11.1 percent from a two-decade high in the absolute... Read More »

Vacancy Rates Climb in San Francisco

Vacancy Rates Climb in San Francisco

While the vacancy rate for larger, multi-unit apartment buildings in San Francisco had ticked up to around 6 percent in the second quarter of the year, representing around 9,000 vacant units as of the end of June, said rate was approaching 9 percent based on a review of 3,000... 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 »

Another Luxury Two-Bedroom Slips Below Its 2016 Price

Another Luxury Two-Bedroom Slips Below Its 2016 Price

Purchased for $1,697,171 in July of 2016, the 1,401-square-foot, two-bedroom unit #6G in the Lumina tower at 201 Folsom Street, with “an ideal floor plan,” “great light,” a private balcony, and two full baths, returned to the market priced at $1,975,000 in September of last year. Reduced to $1,925,000... Read More »

New Spike in Bay Area Unemployment Claims

New Spike in Bay Area Unemployment Claims

As we noted last month, the rebound in Bay Area employment has sputtered. And in fact, the number of new unemployment claims filed across the Bay Area, which had been on the decline since peaking at 441,813 in April, spiked anew to 281,462 in September, which was up 57... Read More »

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

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

In a move that 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 activity, both pending and closed, ticked down 6 percent over the past week to 1,840. That being said, there are still twice... Read More »