Articles Filed Under: Real Estate Economics

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Inventory Levels Start Ticking Up in San Francisco

The number of homes for sale in San Francisco ticked up an above-average 25 percent over the past week for a current listed inventory count of around 400 homes, which is 16 percent lower than at the same time last year but 67 percent higher than in early 2015... Read More »

Benchmark Mortgage Rate Drops to a 13-Week Low

Benchmark Mortgage Rate Drops to a 13-Week Low

Having started the year down, the average rate for a 30-year mortgage dropped another 8 basis points over the past week to 3.64 percent, which is now 81 basis points (0.81 percentage points) below its mark at the same time last year, a 13-week low and within 24 basis... Read More »

Mortgage Rates Start the Year Down, Little Chance of a Hike

Mortgage Rates Start the Year Down, Little Chance of a Hike

Having held relatively firm over the past three weeks, the average rate for a 30-year mortgage is starting the New Year at 3.73 percent, down 79 basis points (0.79 percentage points) on a year-over-year basis and within 32 basis points of a three/six-year low, according to Freddie Mac’s latest... Read More »

Index for Bay Area Home Values Slips Again Despite National Gains

Index for Bay Area Home Values Slips Again Despite National Gains

Having turned negative two months ago, 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 – has since shed 1.5 percent of its value, an outcome which shouldn’t catch any plugged-in readers by... Read More »

2019 Ends with Fewer Homes for Sale in SF, Pending Sales Up

2019 Ends with Fewer Homes for Sale in SF, Pending Sales Up

With only a handful of homes having been newly listed for sale over the past week and the seasonal culling of unsold listings – most of which are likely return to the market as “new” in the new year – having peaked, the number of homes officially listed for... Read More »

Pace of Pending Home Sales in the U.S. Rebounds

Pace of Pending Home Sales in the U.S. Rebounds

Having slipped 1.7 percent in October, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, ticked up 1.2 percent in November to 108.5. As such, the pace of new contract signings across the U.S. is now running 7.4 percent higher... Read More »

Babies Kept San Francisco’s Population from Falling in 2019

Babies Kept San Francisco’s Population from Falling in 2019

Having really slowed its roll last year, the estimated population of San Francisco proper continued to grow at an annual rate of 0.3 percent in the first half of 2019 and hit a record high of 889,360 as of July 1. That being said, for the first time in... Read More »

Asking Rents Slip in San Francisco, Nearing Peak in Oakland

Asking Rents Slip in San Francisco, Nearing Peak in Oakland

The weighted average asking rent for an apartment in San Francisco, including one-off rentals as well as units in larger developments, dropped a little over 5 percent over the past quarter to $4,050 per month. While an end of year drop is typical, keep in mind that the average... Read More »

Bay Area Employment Slips, Unemployment Inches Up Anew

Bay Area Employment Slips, Unemployment Inches Up Anew

Having inched up in October, the number of people living in San Francisco with a paycheck was unchanged in November and remains at a record 580,000 with an unemployment rate of 1.9 percent. As such, there are 7,800 more people living in the city with paychecks than there were... Read More »

Benchmark Mortgage Rate Inches Up, Fed Signals a Pause

Benchmark Mortgage Rate Inches Up, Fed Signals a Pause

The average rate for a 30-year mortgage inched up 5 basis points over the past week to 3.73 percent but remains 90 basis points (0.90 percentage points) below its mark at the same time last year and within 32 basis points of a three/six-year low, according to Freddie Mac’s... Read More »