Pace of New Home Sales “Surged” Last Month, But…
Having dropped a downwardly revised 5.1 percent in February, the seasonally adjusted pace of new single-family home sales in the U.S. rebounded 8.8 percent in March and was 8.3 percent…
Expected Value of Rate Cuts Tumbles, Again
As we first outlined earlier this year, the expected value of the Fed’s rate cuts in 2024 was on the decline, with our analysis suggesting fewer than half the number…
Benchmark Mortgage Rate Back Above 7 Percent
The average rate for a benchmark 30 year mortgage jumped 22 basis points (0.22 percentage points) over the past week to 7.10 percent, which is 71 basis points higher than…
Number of Homes on the Market in S.F. Keeps Climbing
Having hit a 13-year seasonal high last month, the net number of single-family homes and condos on the market has since ticked up another 13 percent with new supply having…
East Bay Office Vacancy Rate Inches Up, But…
With the office vacancy rate in San Francisco having ticked over 33 percent last month, the effective office vacancy rate in the East Bay, not including Walnut Creek or further…
Expected Value of Rate Cuts Drops
As we first outlined early last month, based on an analysis of the futures market for interest rate products, the expected value of the Fed’s rate cuts was suggesting there…
Over 21 Salesforce Towers Worth of Vacant Office Space in S.F.
As we outlined yesterday, the amount of vacant office space in San Francisco now totals over 29 million square feet, having increased by over a million square feet in the…
Office Vacancy Rate in San Francisco Hits a New High, Leasing Drops
Continuing a trend that shouldn’t catch any plugged-in readers, other than the most obstinate, by surprise, the office vacancy rate in San Francisco ticked up to 33.9 percent at the…
Breaking News
Bubble (Or Not)
East Bay
Industry Stuff
Marin (And Points North)
Real Estate Economics
San Jose (And South)
Trends
Index for Bay Area Home Values Slips, Condos Drop (Again)
Having inched down a downwardly revised 0.9 percent in December, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area (i.e., “San Francisco,” which includes…
Breaking News
East Bay
Industry Stuff
Marin (And Points North)
Real Estate Economics
San Jose (And South)
Trends
Bay Area Employment Drops Year-Over-Year, Nearing 2015 Levels
While the net number of San Francisco residents with a job was unchanged from January to February, there were over 16,000 fewer employed residents than at the same time last…