Articles Filed Under: Trends

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Pending Home Sales in the U.S. Slip

Having jumped to an all-time high in August, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, slipped 2.2 percent in September to 130.0 but remains 20.5 percent above its mark at the same time last... Read More »

One Percent Appreciation for a Modern Noe Valley Home

One Percent Appreciation for a Modern Noe Valley Home

Completely remodeled by Zack | de Vito Architecture in 2016, the “spectacular Noe Valley home” at 725 Duncan Street, which features “stunning Downtown, Bay, and Bridge views, paired with dramatic modern architecture and design,” sold for $4.1 million in January of 2017. The modern 3,200-square-foot home was then further... Read More »

Index for Bay Area Home Values Inches Up and Down Again

Index for Bay Area Home Values Inches Up and Down Again

Having ticked up an upwardly revised 1.1 percent in July, 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 0.8 percent in August for a year-over-gain of 4.1 percent versus... Read More »

Pace of New Home Sales in the U.S. Slows, Inventory Inches Up

Pace of New Home Sales in the U.S. Slows, Inventory Inches Up

The seasonally adjusted pace of new single-family home sales in the U.S., which hit a 14-year high in August, slipped 3.5 percent in September to an annualized rate of 959,000 sales, representing the first month-over-month drop in the pace of sales since April. That being said, the annualized rate... Read More »

Number of Homes for Sale in S.F. Has Likely Peaked

Having hit a two-decade high last week, the number of homes on the market in San Francisco, net of all sales and contract activity, both pending and closed, has since inched down 3 percent to just under 2,000, a move which shouldn’t have caught any plugged-in readers by surprise.... Read More »

Visualizing the Vacant Office Space in San Francisco

Visualizing the Vacant Office Space in San Francisco

As we noted last week, there is nearly 12 million square feet of vacant office space now spread across San Francisco, including 5.6 million square feet of un-leased space and 6.2 million square feet of space which has been leased but is now sitting vacant and actively seeking a... Read More »

Oakland Rents Drop, Down Nearly 20 Percent (YOY)

Oakland Rents Drop, Down Nearly 20 Percent (YOY)

While asking rents for an apartment in San Francisco have been on the decline since the start of the year, a decline which was amplified by the pandemic and really accelerated in May, rents in Oakland mostly held firm through June, at which point the weighted average asking rent... Read More »

Mortgage Rates Inch Down to New Lows

Mortgage Rates Inch Down to New Lows

The average rate for a benchmark 30-year mortgage, which dropped to a new all-time low of 2.81 percent last week, has inched down another basis point to 2.80 percent, which is nearly a full percentage point, or 25 percent, lower than at the same time last year, according to... Read More »

Pace of Home Sales in the U.S. Jumps, Driving Inventory Down

Pace of Home Sales in the U.S. Jumps, Driving Inventory Down

Having hit a 14-year high in August, the seasonally adjusted pace of existing-home sales across the U.S. jumped another 9.4 percent in September to an annual rate of 6.54 million sales, a pace which is 20.9 percent higher than at the same time last year, according to the National... Read More »

Number of Homes for Sale in S.F. Hits a Two-Decade High

Number of Homes for Sale in S.F. Hits a Two-Decade High

Following a trend which shouldn’t have caught any plugged-in readers by surprise, as its basis was in place prior to the pandemic having hit, the number of homes on the market in San Francisco, net of all sales, both pending and closed, has just ticked over 2,000 for the... Read More »