Asking Rents in San Francisco and Oakland Inch Up
The weighted average asking rent for an apartment in San Francisco, including one-off rentals as well as units in larger developments, has inched up to around $4,280 per month, which…
Pace of Home Sales in San Francisco Continues to Drop
Having turned negative in mid-May, which led to an effective push in recorded home sales for the month, actual contract activity in San Francisco (versus anecdotal reports of “open house…
Developer Seeks Concessions to Build Shorter Than Allowed
Plans to level the two-story industrial building at 560 Brannan Street, adjacent to an already approved major development and across the street from the San Francisco Tennis Club site, are…
Bay Area Home Sales and Median Price Are…Down
Following a trend which shouldn’t catch any plugged-in readers by surprise, while the number of single-family homes and condos that traded hands across the greater Bay Area increased a seasonally…
Benchmark Mortgage Rate Hits a 31-Month Low
As foreshadowed, the average rate for a 30-year mortgage dropped 11 basis points over the past week to 3.73 percent, which is now down 121 basis points (1.21 percentage points)…
Pending Home Sales Drop in the West but Tick Up Overall
Having dropped 1.5 percent in April, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, ticked up 1.1 percent in May…
Index for Bay Area Home Values Ticks Up, Condos Down YOY
Having ticked up a downwardly revised 2.0 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…
Pace of New Home Sales in the U.S. Takes Another Hit
Having dropped a downwardly revised 3.7 percent in April, the pace of new single-family home sales in the U.S. shed another 7.8 percent in May to a seasonally adjusted rate…
Number of Homes for Sale in SF Holds, Pending Sales Down
While effectively unchanged over the past week, as expected, the number of homes on the market in San Francisco (710) is now running roughly even with the same time last…
Bay Area Unemployment Hits a Record Low, But…
The unemployment rate in San Francisco has dropped to a record low of 1.9 percent, with the ranks of the employed having increased by 2,900 to 569,300 in May. That…