CFAH

Articles Filed Under: Breaking News

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A Projected Surplus in San Francisco Housing Production

A Projected Surplus in San Francisco Housing Production

San Francisco’s Planning Department has completed its first annual “Jobs-Housing Fit” report, a newly required analysis of “the fit between the housing needed by workers of new jobs located in San Francisco and housing produced in San Francisco,” segmented by affordability. And in fact, based on the pipeline of... Read More »

Asking Rents in San Francisco Tick Down Another Percent

Asking Rents in San Francisco Tick Down Another Percent

As we first reported last week, the weighted average asking rent for an apartment in San Francisco had slipped a percent in October to $3,375 per month, an average which has since ticked down to $3,350. At the same time, the number of units listed for rent in the... Read More »

Modified Plans for Previously Approved Tower Revealed

Modified Plans for Previously Approved Tower Revealed

While Build Inc.’s plans for a 40-story, 319-unit tower to rise up to 420 feet in height at the intersection of Market, Oak and Van Ness Avenue were approved by Planning and entitled back in 2017, the signature “One Oak” project has yet to break ground. And as we... Read More »

Benchmark Mortgage Rate Inches Up, Nearing a 16-Month High

Benchmark Mortgage Rate Inches Up, Nearing a 16-Month High

The average rate for a benchmark 30-year mortgage has inched up another 9 basis points over the past two weeks to 3.14 percent, which is the highest rate in six months and within 5 basis points of a 16-month high. While 3.14 percent is still a historically low rate,... Read More »

Average Asking Rent in San Francisco Slips

Average Asking Rent in San Francisco Slips

Having rebounded a little over 12 percent from May through September, the weighted average asking rent for an apartment in San Francisco slipped a percent in October to $3,375 per month. As such, while the average asking rent in San Francisco is up around 11 percent from its pandemic-era... Read More »

Index for Bay Area House Values Inches Up, YOY Gain Slips

Index for Bay Area House Values Inches Up, YOY Gain Slips

Having ticked up a downwardly 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 0.4 percent in August, for a year-over-year gain of 21.2 percent,... Read More »

Number of Homes for Sale in San Francisco Inches Down

As projected, the number of homes on the market in San Francisco inched down a (1) percent over the past week to 1,220, down from a high-water mark of 1,240 in 2021 and 2,010, which was a two-decade high, last year. While listed inventory levels are down nearly 40... Read More »

430K Bay Area Jobs Have Been Recovered, 220K Left to Go

430K Bay Area Jobs Have Been Recovered, 220K Left to Go

Having slipped by (an upwardly revised) 2,400 in August, the number of people living in San Francisco with a paycheck increased by 6,300 in September to 535,700, dropping the unemployment rate to 4.1 percent with 42,500 more employed residents in the city than there were at the same time... Read More »

Rebound in Oakland Rents Has Stalled

Rebound in Oakland Rents Has Stalled

Having ticked up in late August, the weighted average asking rent in Oakland has since held at around $2,400 a month, with the average asking rent for a one-bedroom in the city having effectively held at $2,000 a month since the third quarter of last year. As such, while... Read More »

Number of Homes for Sale in San Francisco Has Likely Peaked

Number of Homes for Sale in San Francisco Has Likely Peaked

Having inched down a percent over the past week to 1,240, the number of homes on the market in San Francisco, net of new sales, appears to have hit its peak for the year, a move which shouldn’t catch any plugged-in reader’s by surprise. And while inventory levels are... Read More »