The number of new unemployment claims filed across the Bay Area dropped to 51,484 in October, which was down from 138,831 in September, the fewest new claims since the pandemic hit and down from an average of 125,372 new claims a month in the third quarter of this year.... Read More »

The number of homes on the market in San Francisco ticked down another 3 percent over the past week to 820, which is 42 percent lower than at the same time last year and shouldn’t have caught any plugged-in readers by surprise. At the same time, the net number... Read More »

The weighted average asking rent for an apartment in San Francisco ticked down another percent over the past month to $3,325. But as we noted last month, asking rents in San Francisco typically tick down in the fourth quarter with a seasonal slowdown in the market. And in fact,... Read More »

The average rate for a benchmark 30-year mortgage inched up 1 basis points (0.01 percentage points) over the past week to 3.11 percent, which is 40 basis points above its mark at the same time last year. As such, the average 30-year rate is now 46 basis points above... Read More »

Purchased for $1.245 million in May of 2018, the 876-square-foot, one-bedroom unit #23D in the Lumina tower at 201 Folsom Street, “the most premier residential building in San Francisco,” returned to the market listed for $1.299 million in May of this year, a sale at which would have represented... Read More »

Having inched up 0.4 percent in August, 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 0.1 percent in September versus a 1.4 percent gain at the same time last... Read More »

Driven by a seasonal drop in new listing activity, the net number of homes on the market in San Francisco dropped another 9 percent over the past week to 850, representing 44 percent less listed inventory than at the same time last year, which shouldn’t have caught any plugged-in... Read More »

Having jumped a downwardly revised 7.1 percent in September, the seasonally adjusted pace of new single-family home sales in the U.S. inched up 0.4 percent last month to an annualized rate of 745,000 homes but was down 23.1 percent on a year-over-year basis and 25 percent lower than at... Read More »

Mortgage loan application volumes to either purchase or refinance a home in the U.S. ticked up 1.8 percent on a seasonally adjusted basis over the past week but slipped 0.1 percent in the absolute, with a 0.4 percent decrease in applications to purchase a home, according to the Mortgage... Read More »

While local bridge traffic is back to around 90 percent of its pre-Covid volume, BART ridership is still down by nearly 80 percent and weekly office attendance within the San Francisco Metropolitan area – which includes Alameda, Contra Costa, Marin, San Francisco and San Mateo counties – is still... Read More »