Studio Rents Just Dropped to 2011-Era Levels in San Francisco
For the first time since 2011, the average asking rent for a studio apartment in San Francisco has slipped below $2,000 a month, which is down nearly 25 percent since…
San Francisco Will Roll Back Indoor Dining and Other Plans
Due to a rapid increase in local COVID-19 case rates, San Francisco will be rolling back the reopening of indoor dining in any context (including standalone restaurants, food courts in…
The Fed Affirms: No Rate Hikes on the Horizon, Risks Loom
Citing 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 the…
Benchmark Mortgage Rate Slips Under 2.8 Percent
Having dropped to a new all-time low of 2.80 percent two weeks ago, the average rate for a benchmark 30-year mortgage has since inched down another two (2) basis points…
The Election Results in San Francisco (2020) [UPDATED]
With 30,657 Election Day ballots having since been added to the 321,880 vote-by-mail ballots which have already been processed, for a total of 352,537 ballots having been tallied and representing…
New Spike in Bay Area Unemployment Claims
As we noted last month, the rebound in Bay Area employment has sputtered. And in fact, the number of new unemployment claims filed across the Bay Area, which had been…
Number of Homes on the Market in San Francisco Dips, But…
In a move that shouldn’t catch any plugged-in readers by surprise, the number of homes on the market in San Francisco, net of new sales and contract activity, both pending…
Open Houses Will NOT Resume Next Week
The majority of activities and businesses that were slated to either reopen or be allowed to expand their capacities next week in San Francisco have just been “paused” due to…
Pace of New Home Sales in the U.S. Slows, Inventory Inches Up
The seasonally adjusted pace of new single-family home sales in the U.S., which hit a 14-year high in August, slipped 3.5 percent in September to an annualized rate of 959,000…
Number of Homes for Sale in S.F. Has Likely Peaked
Having hit a two-decade high last week, the number of homes on the market in San Francisco, net of all sales and contract activity, both pending and closed, has since…