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…
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,…
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…
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…
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…
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…
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…
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…
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…
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…