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Articles Filed Under: Breaking News

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Emergency Declaration for the Tenderloin Approved

Emergency Declaration for the Tenderloin Approved

San Francisco’s Board of Supervisors have concurred with the Mayor’s Declaration of a Local Emergency in the Tenderloin, an area defined by the San Francisco Police Department’s Tenderloin District boundaries, as mapped above, and within one block of its perimeter. As such, City officers and employees will be required... Read More »

New Unemployment Claims Near Pre-Pandemic Levels, But…

New Unemployment Claims Near Pre-Pandemic Levels, But…

Having dropped to a pandemic-era low of 51,484 in October, the number of new unemployment claims filed across the Bay Area fell to 36,421 in November, which was within 40 percent of pre-pandemic levels and down from an average of nearly 200,000 new claims a month since March of... Read More »

Nearly 500K Bay Area Jobs Have Been Recovered, 157K to Go

Nearly 500K Bay Area Jobs Have Been Recovered, 157K to Go

Having increased by a downwardly revised 4,500 in October, the net number of people living in San Francisco with a paycheck increased by 6,300 in November to 546,800, dropping the unemployment rate to 3.3 percent with 37,800 more employed residents in the city than there were at the same... Read More »

Prepare for Multiple Rate Hikes in 2022

Prepare for Multiple Rate Hikes in 2022

With “supply and demand imbalances related to the pandemic and the reopening of the economy” having “continued to contribute to elevated levels of inflation,” which has been rattling the market, the Federal Reserve has decided to reduce the pace of its bond-buying program and economic support for the economy... Read More »

Pace of Home Sales in S.F. Drops, Down Over 20 Percent YOY

The number of homes on the market in San Francisco dropped 11 percent over the past week to 730, which is 42 percent lower than at the same time last year and shouldn’t have caught any plugged-in readers by surprise. At the same time, the net number of single-family... Read More »

Bay Area Unemployment Claims Drop to a Pandemic-Era Low

Bay Area Unemployment Claims Drop to a Pandemic-Era Low

The number of new unemployment claims filed across the Bay Area dropped to 51,484 in October, which was down from 138,831 in September, the fewest new claims since the pandemic hit and down from an average of 125,372 new claims a month in the third quarter of this year.... Read More »

Rents in S.F. Tick Down Another Percent, But…

Rents in S.F. Tick Down Another Percent, But…

The weighted average asking rent for an apartment in San Francisco ticked down another percent over the past month to $3,325. But as we noted last month, asking rents in San Francisco typically tick down in the fourth quarter with a seasonal slowdown in the market. And in fact,... Read More »

Index for Bay Area House Values Inches Up, Poised to Turn

Index for Bay Area House Values Inches Up, Poised to Turn

Having inched up 0.4 percent in August, 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 0.1 percent in September versus a 1.4 percent gain at the same time last... Read More »

459,000 Bay Area Jobs Have Been Recovered, 192,000 Left to Go

459,000 Bay Area Jobs Have Been Recovered, 192,000 Left to Go

Having increased by an upwardly revised 6,600 in September, the net number of people living in San Francisco with a paycheck increased by 4,200 in October to 540,200, dropping the unemployment rate to 3.9 percent with 31,500 more employed residents in the city than there were at the same... Read More »

Benchmark Mortgage Rate Inches Back Under 3 Percent

Benchmark Mortgage Rate Inches Back Under 3 Percent

Having dropped 16 basis points (0.16 percentage points) over the past two weeks, the average rate for a benchmark 30-year mortgage has inched back down to 2.98 percent, which is 14 basis points above its mark at the same time last year but within 33 basis points of its... Read More »