Articles Filed Under: Trends

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Index for Bay Area Home Values Ticks Up, Condos Down YOY

Index for Bay Area Home Values Ticks Up, Condos Down YOY

Having ticked up a downwardly revised 2.0 percent in March, 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 – ticked up another 1.6 percent in April. And while the index remains 0.4... Read More »

Pace of New Home Sales in the U.S. Takes Another Hit

Having dropped a downwardly revised 3.7 percent in April, the pace of new single-family home sales in the U.S. shed another 7.8 percent in May to a seasonally adjusted rate of 626,000 sales, which is 3.7 percent below the pace of sales at the same time last year. At... Read More »

Number of Homes for Sale in SF Holds, Pending Sales Down

While effectively unchanged over the past week, as expected, the number of homes on the market in San Francisco (710) is now running roughly even with the same time last year. At the same time, pending sales activity in the city remains down and has been running an average... Read More »

Bay Area Unemployment Hits a Record Low as Growth Slows

Bay Area Unemployment Hits a Record Low as Growth Slows

The unemployment rate in San Francisco has dropped to a record low of 1.9 percent, with the ranks of the employed having increased by 2,900 to 569,300 in May. That being said, the ranks of the employed are still down by 6,100 from February’s record high and the rate... Read More »

Pace of Existing Home Sales in the U.S. Ticks Up

Pace of Existing Home Sales in the U.S. Ticks Up

Having slipped 0.4 percent in April, the seasonally adjusted pace of existing-home sales across the U.S. ticked up 2.5 percent in May to an annual rate of 5.34 million transactions but remains 1.1 percent below its mark at the same time last year, according to the National Association of... Read More »

Mortgage Rates Hover Near Two-Year Lows, Primed to Drop

Mortgage Rates Hover Near Two-Year Lows, Primed to Drop

While the average rate for a 30-year mortgage was unchanged over the past week, holding near a two-year low of 3.82 percent, Freddie Mac’s latest Mortgage Market Survey was conducted prior to yesterday’s meeting of the Federal Reserve, after which the yield on the 10-year Treasury, which drives mortgage... Read More »

Record Pipeline of Development in SF (And Building Is Up)

Record Pipeline of Development in SF (And Building Is Up)

With the number of newly proposed units of housing to be built in San Francisco having outpaced the number of units that recently finished up construction for the sixth quarter in a row, the overall pipeline of apartments and condos under development in San Francisco now totals a record... Read More »

Number of Homes for Sale in SF Has Likely Peaked, at Least for Now

Number of Homes for Sale in SF Has Likely Peaked, at Least for Now

While 17 percent higher than at the beginning of the month, the number of homes on the market in San Francisco is now holding at around 700, which is 37 percent higher than in June of 2015 but 3 percent lower than at the same time last year, with the... Read More »

The Continued Growth of San Francisco’s Greater Downtown

The Continued Growth of San Francisco’s Greater Downtown

Of the record 71,000 residential units in the pipeline of development across San Francisco, roughly 10,000 of the units, or 14 percent, fall within the boundaries of the city’s Greater Downtown (which includes most of the burgeoning Transbay District but only a sliver of Central SoMa).  And of the... Read More »

Pace of Home Sales in San Francisco Drops

Down 6.9 percent on a year-over-year basis through the first four months of the year, marking the slowest start to the local market since 2010, home sales in San Francisco ticked up in April. But the pace of sales had already started to slow by early May. And pending... Read More »