CFAH

Articles Filed Under: Breaking News

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New Home Inventory Up 32 Percent in the U.S., Sales Down

New Home Inventory Up 32 Percent in the U.S., Sales Down

While the seasonally adjusted pace of new single-family home sales in the U.S. ticked up 1.5 percent in August to an annualized rate of 740,000 sales, the current pace of sales is over 24 percent lower than at the same time last year, down 25 percent since the start... Read More »

Expectations for a Rate Hike Have Accelerated

Expectations for a Rate Hike Have Accelerated

Having cited 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” at the end of last year, the dot plot of Federal Open Market Committee (FOMC) participant’s... Read More »

Bay Area Employment Slipped Last Month

Bay Area Employment Slipped Last Month

Having jumped by (a downwardly revised) 11,600 in July, the number of people living in San Francisco with a paycheck (529,600) slipped by 2,200 in August. But with 3,700 people having left the labor force, the unemployment rate actually inched down to 5.0 percent. And while there are still... Read More »

Plans for a New 800-Foot-Tall Residential Tower Revealed

Plans for a New 800-Foot-Tall Residential Tower Revealed

Plans to demolish the two-story, 153-space parking garage at 50 Main Street, between Market and Mission, are in the works. And as envisioned and newly massed below, a 75-story tower could rise up to 818 feet in height upon the Transbay District site, with Hines having engaged Foster +... Read More »

Number of Homes for Sale in San Francisco Jumps

With around 400 homes listed for sale in San Francisco over the past week, which is the most new listings in a week in over 15 years, the net number of homes for sale in the city jumped over 30 percent to 1,070, as projected, yielding the most for... Read More »

New Unemployment Claims Drop but Remain Historically High

New Unemployment Claims Drop but Remain Historically High

The number of new unemployment claims filed across the Bay Area dropped to 126,835 in July, which was the fewest new claims in a month since the pandemic hit, down from a pandemic high of 441,813 in March of last year and versus an average of 190,400 a month... Read More »

Home Buying Activity in S.F. Just Slipped Year-Over-Year

As we noted two weeks ago, pending home sales activity in San Francisco, which peaked in April, was on track to drop on a year-over-year basis “within the next few weeks.” And in fact, for the first time since June of last year, there are fewer single-family homes and... Read More »

Index for Bay Area House Values Up 22.1 Percent YOY

Index for Bay Area House Values Up 22.1 Percent YOY

Having ticked up 2.6 percent in May, 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 – ticked up another 2.6 percent in June and is now up 21.9 percent on a year-over-year... Read More »

Pending Home Sales Drop, Inventory Ticking Up

Pending Home Sales Drop, Inventory Ticking Up

Having dropped 1.9 percent in June, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped another 1.8 percent in July to 110.7 and is now down 8.5 percent on a year-over-year basis, a sharp reversal... Read More »

San Francisco Rents Tick Up, Listing Activity Too

San Francisco Rents Tick Up, Listing Activity Too

While the rebound in San Francisco apartment rents has slowed, the weighted average asking rent for an apartment in the city has ticked up around 1.5 percent ($50) over the past few weeks to around $3,325 per month. As such, the average asking rent in San Francisco is now... Read More »