Articles Filed Under: Real Estate Economics

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Population Growth of San Francisco Really Slows Its Roll

Having grown at an average rate of over one percent per year over the past decade, peaking at 1.7 percent in 2012, the estimated population of San Francisco proper inched up 0.3 percent in 2018, from a downwardly revised 880,980 at the start of last year to 883,869 as... Read More »

Asking Rents Inch Up in San Francisco, Slip in Oakland

Asking Rents Inch Up in San Francisco, Slip in Oakland

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 $25 over the past month to $4,175, which is roughly 2 percent higher versus the same time last year but still 5 percent below its... Read More »

Index for Bay Area Home Values Ekes Out a Gain

Index for Bay Area Home Values Ekes Out a Gain

Having dropped 1.3 percent in January, 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 0.6 percent in February. That being said, the index has still dropped 3.7 percent since the third... Read More »

Bay Area Home Sales Are Down, Median Price Has Slipped

Bay Area Home Sales Are Down, Median Price Has Slipped

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 driven 39.4 percent from February to March, total sales (6,124) were down 14.8 percent on a year-over-year basis.  And... Read More »

Number of Homes for Sale in San Francisco Inches Up

With the number of homes newly listed for sale over the past two weeks having outpaced sales, the listed inventory of homes on the market in San Francisco has ticked up 3 percent to 625, which is 2 percent more than at the same time last year and 36... Read More »

Benchmark Mortgage Rate Ticks Up, Odds of an Easing Jumps

Benchmark Mortgage Rate Ticks Up, Odds of an Easing Jumps

The average rate for a 30-year mortgage inched up 3 basis points over the past week to 4.20 percent, which is up 14 basis points since the end of March but 38 basis points below the average rate at the same time last year (4.58 percent), according to Freddie... Read More »

Bay Area Employment Actually Dropped Last Month

Bay Area Employment Actually Dropped Last Month

Having hit a record high in February, the number of people living in San Francisco with a paycheck, which typically ticks up in March, actually decreased by 3,400 last month to 572,000 and the unemployment rate, which hit a record low of 2.1 percent at the end of last... Read More »

Benchmark Mortgage Rate Ticks Up, Odds of an Easing Slips

Benchmark Mortgage Rate Ticks Up, Odds of an Easing Slips

The average rate for a 30-year mortgage ticked up 5 basis points over the past week to 4.17 percent, which is up 11 basis points since the end of March but remains 30 basis points below the average rate at the same time last year (4.47 percent), according to... Read More »

Pending Home Sales Trend in San Francisco Turns Up

While the number of homes sold in San Francisco will end the first quarter down versus the first quarter of 2018 and around a ten-year low, pending sales activity recently started picking up steam. In fact, for the first time in nearly a year, the number of homes in... Read More »

Number of Homes for Sale in San Francisco Slips

Number of Homes for Sale in San Francisco Slips

While the total number of homes currently listed for sale in San Francisco (610) is now running 1 percent higher than at the same time last year (605), and roughly 45 percent higher than in mid-April 2014 (420), inventory levels have atypically slipped 5 percent over the past month with... Read More »