A Mixed Employment Report for SF and around the Bay
Having dropped the most in nearly a decade at the beginning of the year, the number of people living in San Francisco with a job ticked up by 1,400 last…
Mortgage Rates Near a Three-Year High
Measured prior to the Fed’s rate hike yesterday but with the probability already priced in, the average rate for a benchmark 30-year mortgage ticked up another 9 basis points over…
The Fed Institutes a Rate Hike, Signals Two More This Year
As predicted, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target by 0.25 percent (25 basis points) and signaling expectations for another two quarter-point increases…
New Condo Pricing Continues to Drop in San Francisco
While the number of purchase contracts signed for new condominiums in San Francisco quintupled from 18 in January to 95 in February with plenty of seasonality in play, the sales…
Mortgage Rates Return to 2017 Highs, Odds of a Rate Hike Rockets
The average rate for a benchmark 30-year mortgage ticked up 5 basis points over the past two weeks, an 11 point jump over the past seven days, and is back…
Demand Really Dropped in San Francisco but Not Around the Bay
Seeking to rationalize the recent drops in recorded home sales in San Francisco, a lack of inventory, seasonality and changes in the mortgage market which shifted sales at the end…
Inventory of Homes for Sale in S.F. On the March (Up)
The number of single-family homes and condos currently listed for sale in San Francisco ticked up 13 percent over the past two weeks to 580, the highest total at the…
Employment in S.F. and the East Bay Just Dropped the Most since 2009
While the upwardly revised December count of the number of people living in San Francisco with a job ended up adding 1,300 to the employment roll, the January count eliminated…
Price of Renting a Room in SF Has Dropped 12% from Peak
With the weighted average asking price of renting an apartment in San Francisco having now dropped over 8 percent since peaking in the fourth quarter of 2015, which brings us…
Mortgage Rates Hold, Probability of a Hike in May
Having jumped 62 basis points over the past four months to 4.16 percent today, which is 54 basis points above the 3.62 rate in place at the same time last…