San Francisco Employment Slips, East Bay Gains
The number of people living in San Francisco with a job slipped from an upwardly revised record 526,500 in May to 526,100 in June but remains 19,300 higher on a…
Affordable Housing Bond Report And Average Rent-Control Tenancy
An interesting factoid with respect to rent control tenants in San Francisco from the City’s Economic Impact Report for the proposed $310 million General Obligation bond to support Affordable Housing…
China’s Stock Market Is Tanking, Will It Weigh On Local Real Estate?
China’s benchmark stock index, the Shanghai Composite, fell 5.9 percent yesterday and has tumbled 30 percent over the past three weeks. The ChiNext index of small-cap stocks has plummeted over…
From Red Hot To ‘In The Red’ For Bay Area Housing Next Year?
Bearish calls for the Bay Area housing market have been ticking up over the past three months with one of the latest coming from Clear Capital, a national provider of…
San Francisco Employment Continues Its Record Run
The number of people living in San Francisco with a job reached a record 525,600 in May, an increase of 1,700 as compared to the month before and 19,900 more…
Fed Expected To Raise Interest Rates By The End Of The Year
With employment on the rise and an uptick in economic activity, the Fed appears to be on track for a half-point increase in interest rates by the end of the…
Group Housing ‘Loopholes’ Could Soon Be Closed
Many of the recently proposed Group Housing developments in San Francisco, with shared kitchens and living areas, have been positioned as creative solutions to maximize density and minimize rents in…
30-Year Mortgage Rate Over 4 Percent For First Time In 2015
As we expected last week with the underlying basis on the move, the average rate for a 30-year mortgage has continued to climb, crossing the four percent mark for the…
Basis For 30-Year Mortgage Rate On The Move (Up)
Since hitting a 2015 high of 3.87 percent last week, the average rate for a 30-year fixed mortgage has been relatively unchanged. But the 10-year Treasury yield, the basis for…
Mortgage Rate Hits 2015 High
The average rate for a conforming 30-year mortgage has ticked up to 3.87 percent, the highest average rate in 2015 and 28 basis points above the near two-year low rate…