Articles Filed Under: Real Estate Economics

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Index for Bay Area House Values Inches Up, Condo Index Down

Index for Bay Area House Values Inches Up, Condo Index Down

Having ticked up an upwardly revised 1.0 percent in October, 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 Peninsula – inched up 0.6 percent in November for a year-over-year gain of 8.3 percent... Read More »

Single-Family Home Inventory in San Francisco Jumps

With the number of homes on the market in San Francisco having started to tick up following a typical seasonal slowdown and culling of unsold listings at the end of last year, the number of single-family homes listed for sale jumped 36 percent over the past week to just... Read More »

Pace of Home Sales in the U.S. Inches Up, Mix Drives Median Up

Pace of Home Sales in the U.S. Inches Up, Mix Drives Median Up

Having slipped 2.5 percent in November, the seasonally adjusted pace of existing-home sales across the U.S. inched up 0.7 percent in December to an annual rate of 6.76 million sales, up 22.2 percent on a year-over-year basis with annual sales at a 14-year high, according to the National Association... Read More »

Bay Area Employment Drops, Labor Force Down 123K

Bay Area Employment Drops, Labor Force Down 123K

As we outlined last month, while the unemployment rate in San Francisco dropped in November, the number of people living in San Francisco with a paycheck (i.e., employment) was actually on the decline, as was the case across the Bay Area as well. And in fact, the number of... Read More »

COVID-19 Case Rate and Hospitalizations in San Francisco Drop

COVID-19 Case Rate and Hospitalizations in San Francisco Drop

On the positive news front, the average number of new COVID-19 cases diagnosed in San Francisco, which had climbed to a pandemic high of 371 per day two weeks ago, is on the decline and could drop back under 200 new cases per day for the first time since... Read More »

Asking Rents in San Francisco HODL, But…

Asking Rents in San Francisco HODL, But…

Having dropped nearly 24 percent last year, the weighted average asking rent for an apartment in San Francisco has effectively held at around $3,100 a month over the past few weeks, with the average asking rent for a one-bedroom hodling at around $2,700 a month and units with at... Read More »

Inventory Levels Start Ticking Back up, Poised To Climb

Inventory Levels Start Ticking Back up, Poised To Climb

Having dropped at the end of last year with a typical culling of unsold listings and seasonal slowdown in play, along with nearly twice as many homes in contract than there were at the end of 2019, the number of homes listed for sale in San Francisco (880) has... Read More »

Office Vacancy Rate in the East Bay Nearing 16 Percent

Office Vacancy Rate in the East Bay Nearing 16 Percent

With the office vacancy rate in San Francisco having ticked up to 16.7 percent, the vacancy rate for office space in the East Bay is now nearing 16 percent as well, with 4 million square feet of un-leased space and over a million square feet of space which has... Read More »

Visualizing the Vacant Office Space in San Francisco

Visualizing the Vacant Office Space in San Francisco

As we outlined yesterday, there is now nearly 14 million square feet of vacant office space spread across San Francisco, which is up from around 12 million square feet of vacant space just three months ago and as compared to under 5 million square feet of vacant space at... Read More »

Nearly 14 Million Square Feet of Vacant Office Space in S.F.

Nearly 14 Million Square Feet of Vacant Office Space in S.F.

In addition to 6.7 million square feet of un-leased office space now spread across San Francisco, which is up from 5.6 million square feet of un-leased space just three months ago, there is now another 7.2 million square feet of office space which has been leased but is sitting... Read More »