Rebound in S.F. Rents Slows, Still Down Over 20 Percent
Having rebounded a combined 6 percent in May and June, the weighted average asking rent for an apartment in San Francisco has since ticked up around (1) percent to $3,275…
Benchmark Mortgage Rate Drops, Nearing an All-Time Low
Having inched down to a five-month low last week, the average rate for a benchmark 30-year mortgage has since dropped another 10 basis points (0.10 percentage points) to 2.78 percent,…
Inventory Inches Up in S.F., Price Per Square Foot Down
With the number of homes that were listed for sale in San Francisco over the past week having outpaced the number of purchase contracts that were written, the net number…
Office Vacancy Rate in San Francisco Ticks Over 20 Percent
With all COIVD-era restrictions on office building occupancy rates having been eliminated last month, the effective office vacancy rate in San Francisco has ticked up to 20.1 percent, representing over…
Former Building Commission President Indicted
While the former president of San Francisco’s Building Inspection Commission, Rodrigo Santos, has been indicted for bank fraud, as charged last year, the City Attorney’s investigation into permitting, inspection and…
Index for Bay Area House Values Jumps, Up 15.1 Percent YOY
Having climbed 3.3 percent in March, 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…
Eviction Moratoriums Extended [UPDATED]
With over 6 million households in the U.S. still in arrears on their rents, the Centers for Disease Control and Prevention has just extended the federal moratorium on evictions, which…
Pace of Existing Home Sales Drops to an 11-Month Low
Having slipped another 0.9 percent in May, the seasonally adjusted pace of existing-home sales across the U.S. has dropped to an annual rate of 5.80 million sales, which was 44.6…
Bay Area Employment Rebounding, But…
Having slipped in April, the number of people living in San Francisco with a paycheck increased by 5,300 in May to 516,300, representing the most employed residents in the city…
San Francisco Reopened, Unscheduled Open Houses Allowed
For the first time since early 2020, real estate Open Houses and showings can once again be held in San Francisco without any capacity, distancing or scheduling requirements in place,…