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Articles Filed Under: Real Estate Economics

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Benchmark Mortgage Rate Keeps Climbing, Nearing a 2-Year High

Benchmark Mortgage Rate Keeps Climbing, Nearing a 2-Year High

Having hit a 22-month high last week, the average rate for a benchmark 30-year mortgage has since ticked up another 11 basis points (0.11 percentage points) to 3.56 percent, which is 77 basis points or nearly 30 percent higher than at the same time last year and within 9... Read More »

Number of Homes on the Market in S.F. Is Ticking Up

Number of Homes on the Market in S.F. Is Ticking Up

Despite some industry misanalysis making the rounds at the end of last year, the net number of homes on the market in San Francisco has jumped 27 percent over the past two weeks with typical seasonality in play and pending sales in the city having dropped to a 19-month... Read More »

Office Vacancy Rate in the East Bay Inches Up

Office Vacancy Rate in the East Bay Inches Up

The office vacancy rate in the East Bay, not including Walnut Creek or further east, inched up from 17.9 percent at the end of September to 18.1 percent at the end of 2021, which includes 4.8 million square feet of un-leased space and 1.1 million square feet of space... Read More »

Office Vacancy Rate in San Francisco Inches Down, But…

Office Vacancy Rate in San Francisco Inches Down, But…

Having hit a pandemic high of 20.5 percent in the third quarter of last year, the effective office vacancy rate in San Francisco inched down to 19.9 percent at the end of 2021, which represents 17.0 million square feet of vacant office space in the city, including 5.5 million... Read More »

Pending Home Sales in S.F. Drop to a 19-Month Low

The net number of single-family homes and condos in contract across San Francisco dropped 17 percent over the past week, which represents a typical percentage drop based on typical seasonality for this time of the year. With the seasonal drop, however, there are now around 310 homes in contract... Read More »

Number of Homes on the Market in S.F. Starts Ticking Back Up

Despite some industry misanalysis making the rounds at the end of last year, the number of homes on the market in San Francisco has started ticking back up with typical seasonality in play. In fact, the net number of homes on the market in San Francisco (510) ticked up... Read More »

Benchmark Mortgage Rate Hits a 20-Month High

Benchmark Mortgage Rate Hits a 20-Month High

The average rate for a benchmark 30-year mortgage ticked up 11 basis points (0.11 percentage points) over the past week to 3.22 percent, which is 55 basis points higher than at the same time last year and the highest average rate in twenty months with the heightened specter of... Read More »

Purchase Mortgage Activity in the U.S. Ended 2021 Down

Mortgage loan application volumes to purchase a home in the U.S. dropped 4 percent on a seasonally adjusted basis over the last two weeks of 2021 and ended the year down 12 percent on a year-over-year basis, and with lower average loan sizes, according to the Mortgage Bankers Association.... Read More »

S.F. Will Soon Average Over 1,500 New COVID Cases Per Day

S.F. Will Soon Average Over 1,500 New COVID Cases Per Day

Based on our analysis of the City and County of San Francisco’s case data, the 7-day average number of daily new Covid-19 cases detected in San Francisco ticked over 1,000 on December 29 and was nearing 1,100 on December 30, despite the average being dragged down by a dramatic... Read More »

2021 Ends with Nearly 50% Fewer Homes on the Market, But…

2021 Ends with Nearly 50% Fewer Homes on the Market, But…

Having peaked in October, the net number of homes on the market in San Francisco (510) has since dropped nearly 60 percent and listed inventory levels are 46 percent lower than at the end of 2020. That being said, inventory levels in San Francisco are 50 percent higher than... Read More »