Bay Area Employment Slipped in January
Having increased by an upwardly revised 3,400 in December, the net number of people living in San Francisco with a paycheck ticked up by 1,100 in January to (a downwardly…
Listed Inventory Levels in S.F. Tick Up, Nearing a Decade High
Having climbed 8 percent last week, the number of homes on the market in San Francisco, net of all new sales, both pending or closed, has since ticked up another…
Near Certainty for a Quarter Point Rate Hike (And Then Some)
As we outlined a couple of weeks ago, the bond market was projecting that the Fed would institute a quarter point (25 basis point) interest rate hike later this month.…
Asking Rents in S.F. Slip, Listings Drop to Pre-Pandemic Levels
Having ticked up in January, the weighted average asking rent for an apartment in San Francisco slipped around 2 percent in February to $3,340 month, which is roughly 6 percent…
The Re-Opening of San Francisco’s Economy, February Report
Having dropped back under 20 percent in January, driven by the Omicron surge, the weekly attendance rate for office workers in San Francisco, which was nearing 30 percent in mid-December,…
Number of Homes on the Market in San Francisco Climbs
The number of homes on the market in San Francisco, net of all new sales, either pending or closed, climbed another 8 percent over the past week to 850, representing…
Benchmark Mortgage Rate Slips, Only 31 Percent Higher YOY
Having jumped nearly 30 percent over the past two months, the average rate for a benchmark 30-year mortgage pulled back 3 basis points (0.03 percentage points) over the past week…
Inventory Levels Are Climbing in San Francisco
Having ticked up 2 percent over the past week, the net number of homes on the market in San Francisco (790) has increased 70 percent since the end of last…
Mortgage Loan Application Volume Drops to a Two-Year Low
With the benchmark 30-year mortgage rate having jumped and lending standards tightening, mortgage loan application volumes to either purchase or refinance a home in the U.S. dropped 13.1 percent on…
Index for Bay Area House Values Gained 18.8 Percent in 2021
Having inched up an upwardly revised 0.6 percent in November, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East…