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Articles Filed Under: Real Estate Economics

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Rents in S.F. Tick Down Another Percent, But…

Rents in S.F. Tick Down Another Percent, But…

The weighted average asking rent for an apartment in San Francisco ticked down another percent over the past month to $3,325. But as we noted last month, asking rents in San Francisco typically tick down in the fourth quarter with a seasonal slowdown in the market. And in fact,... Read More »

Benchmark Mortgage Rate Inches Up, Fed Positioning for a Hike

Benchmark Mortgage Rate Inches Up, Fed Positioning for a Hike

The average rate for a benchmark 30-year mortgage inched up 1 basis points (0.01 percentage points) over the past week to 3.11 percent, which is 40 basis points above its mark at the same time last year. As such, the average 30-year rate is now 46 basis points above... Read More »

Apples-to-Apples Versus The Index for a Luxury One-Bedroom

Apples-to-Apples Versus The Index for a Luxury One-Bedroom

Purchased for $1.245 million in May of 2018, the 876-square-foot, one-bedroom unit #23D in the Lumina tower at 201 Folsom Street, “the most premier residential building in San Francisco,” returned to the market listed for $1.299 million in May of this year, a sale at which would have represented... Read More »

Index for Bay Area House Values Inches Up, Poised to Turn

Index for Bay Area House Values Inches Up, Poised to Turn

Having inched up 0.4 percent in August, 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 0.1 percent in September versus a 1.4 percent gain at the same time last... Read More »

Listed Inventory Down Over 40 Percent in San Francisco, But…

Driven by a seasonal drop in new listing activity, the net number of homes on the market in San Francisco dropped another 9 percent over the past week to 850, representing 44 percent less listed inventory than at the same time last year, which shouldn’t have caught any plugged-in... Read More »

New Home Inventory Hits a 13-Year High, Sales Down YOY

New Home Inventory Hits a 13-Year High, Sales Down YOY

Having jumped a downwardly revised 7.1 percent in September, the seasonally adjusted pace of new single-family home sales in the U.S. inched up 0.4 percent last month to an annualized rate of 745,000 homes but was down 23.1 percent on a year-over-year basis and 25 percent lower than at... Read More »

Mortgage Loan Application Volumes Slip, Down Year-Over-Year

Mortgage loan application volumes to either purchase or refinance a home in the U.S. ticked up 1.8 percent on a seasonally adjusted basis over the past week but slipped 0.1 percent in the absolute, with a 0.4 percent decrease in applications to purchase a home, according to the Mortgage... Read More »

Re-Opening of San Francisco’s Economy, November Report

Re-Opening of San Francisco’s Economy, November Report

While local bridge traffic is back to around 90 percent of its pre-Covid volume, BART ridership is still down by nearly 80 percent and weekly office attendance within the San Francisco Metropolitan area – which includes Alameda, Contra Costa, Marin, San Francisco and San Mateo counties – is still... Read More »

Pace of Existing Home Sales in the U.S Inches Up, But…

Pace of Existing Home Sales in the U.S Inches Up, But…

Having ascended 7.0 percent in September, the seasonally adjusted pace of existing-home sales across the U.S. inched up 0.8 percent in October to an annual rate of 6.34 million sales. But sales were down 5.8 percent on a year-over-year basis, representing the third straight month of year-over-year declines, the... Read More »

Number of Homes on the Market in S.F. Continues to Drop

The net number of homes on the market in San Francisco dropped another 9 percent over the past week to 930, as was to be expected, and listed inventory levels are now 45 percent lower than they were at the same time last year. That being said, inventory levels... Read More »