Benchmark Mortgage Rate Holds Post Hike
With the probability of the Fed’s rate hike last week already priced in, the average rate for a benchmark 30-year mortgage barely moved over the past seven days, dropping one…
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Bay Area Employment Slips, Trending Down in S.F. and Alameda
On the heels of the weakest first quarter for employment growth since 2009, the number of people living in San Francisco with a job dropped by 1,100 in May to…
The Fed Raises Rates, Signals Another Hike This Year
As predicted, the Federal Reserve just raised the benchmark Federal Funds rate, upping its target range by 0.25 percent (25 basis points) and signaling expectations for another quarter-point increase by…
Bay Area Home Values Hit Another High but Gains Really Slow
Having ticked up 1.1 percent in February to an all-time high, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the…
Benchmark Mortgage Rate Back Below 4 Percent
The average rate for a benchmark 30-year mortgage has dropped to 3.95 percent, the lowest average rate this year and 35 basis points below the 4.30 percent rate in place…
Bay Area Home Sales Slip, Slowest April in Six Years
At a time of the year when sales typical rise around 5 percent, the number of single-family homes and condos that traded hands in San Francisco last month dropped 7…
Bay Area Unemployment Drops to near Record Lows, But…
Following the weakest first quarter for employment growth since 2009, the number of people living in San Francisco with a job slipped by 700 to 543,900 in April. But with…
Pipeline of Development in S.F. Holds but Nearing Negative Growth
With new proposals having been submitted to the City for roughly the same number of residential units that finished construction in the first quarter of the year, the overall pipeline…
Benchmark Mortgage Rate Holding Around 4 Percent
Having briefly dipped below 4 percent two weeks ago, the average rate for a benchmark 30-year mortgage has inched back up to 4.02 percent. While that’s 41 basis points above…
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San Francisco Home Sales and Median Price Slip as Bay Area Gains
While the number of single-family homes and condos that traded hands in San Francisco last month jumped 44.5 percent from an upwardly revised 346 in February to 500 in March…