Inventory, Sales and Price Per Square Foot Drops
With typical seasonality in play, the net number of homes on the market in San Francisco dropped another 18 percent over the past week to 600, representing 45 percent fewer…
Nearly 500K Bay Area Jobs Have Been Recovered, 157K to Go
Having increased by a downwardly revised 4,500 in October, the net number of people living in San Francisco with a paycheck increased by 6,300 in November to 546,800, dropping the…
Measure to Streamline Housing Project Approvals Proposed
As sponsored by Mayor Breed and Supervisor Safaí, a proposed ballot measure would exempt qualifying housing projects from Planning’s discretionary review (DR) process, establish a (fast) track for the ministerial…
Purchase Activity for New Homes in the U.S. Slips
Despite the fact the number of new homes on the market across the country hit a 13-year high in October, and inventory levels were 37 percent higher than at the…
Prepare for Multiple Rate Hikes in 2022
With “supply and demand imbalances related to the pandemic and the reopening of the economy” having “continued to contribute to elevated levels of inflation,” which has been rattling the market,…
Asking Rents in Oakland Inch Up
Having held at around $2,400 over the past three months, the weighted average asking rent for an apartment in Oakland has inched up a (1) percent over the past few…
Pace of Home Sales in S.F. Drops, Down Over 20 Percent YOY
The number of homes on the market in San Francisco dropped 11 percent over the past week to 730, which is 42 percent lower than at the same time last…
Bay Area Unemployment Claims Drop to a Pandemic-Era Low
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…
Pace of Home Sales and Inventory Levels Tick Down in S.F.
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…
Rents in S.F. Tick Down Another Percent, But…
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…