Benchmark Mortgage Rate Jumps Back Above 3 Percent
The average rate for a benchmark 30-year mortgage jumped 13 basis points (0.13 percentage points) over the past week to 3.01 percent. While 3.02 percent is still historically low, with…
Index for Bay Area House Values Ticks Up 1.2 Percent
Having gained 2.7 percent in June, 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…
New Home Inventory Up 32 Percent in the U.S., Sales Down
While the seasonally adjusted pace of new single-family home sales in the U.S. ticked up 1.5 percent in August to an annualized rate of 740,000 sales, the current pace of…
Expectations for a Rate Hike Have Accelerated
Having cited an ongoing public health crisis (i.e., the pandemic) that “will continue to weigh on economic activity, employment, and inflation in the near term, and poses considerable risks to…
Bay Area Employment Slipped Last Month
Having jumped by (a downwardly revised) 11,600 in July, the number of people living in San Francisco with a paycheck (529,600) slipped by 2,200 in August. But with 3,700 people…
Plans for a New 800-Foot-Tall Residential Tower Revealed
Plans to demolish the two-story, 153-space parking garage at 50 Main Street, between Market and Mission, are in the works. And as envisioned and newly massed below, a 75-story tower…
Number of Homes for Sale in San Francisco Jumps
With around 400 homes listed for sale in San Francisco over the past week, which is the most new listings in a week in over 15 years, the net number…
New Unemployment Claims Drop but Remain Historically High
The number of new unemployment claims filed across the Bay Area dropped to 126,835 in July, which was the fewest new claims in a month since the pandemic hit, down…
Home Buying Activity in S.F. Just Slipped Year-Over-Year
As we noted two weeks ago, pending home sales activity in San Francisco, which peaked in April, was on track to drop on a year-over-year basis “within the next few…
Index for Bay Area House Values Up 22.1 Percent YOY
Having ticked up 2.6 percent in May, 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…