Articles Filed Under: Trends

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Asking Rents in San Francisco and Oakland Drop, Listings Up

Asking Rents in San Francisco and Oakland Drop, Listings Up

Having already started to slip earlier this year, prior to the COVID-19 hit, the weighted average asking rent for an apartment in San Francisco dropped around 2 percent in March to $4,000 a month, which is around 1 percent lower on a year-over-year basis and 10 percent below its... Read More »

Dolores Heights View Home’s Value Dropped 11 Percent

Dolores Heights View Home’s Value Dropped 11 Percent

As we first outlined back in October of last year: Joining the ranks of newly reduced homes is 4085 20th Street, a modern 3,720-square-foot Dolores Heights home perched above Dolores Park, with “breathtaking views” from each of its three levels, “outstanding craftsmanship, thoughtful design and ethereal beauty,” and a... Read More »

First 30-Year Rate “Inversion” Since 2009

First 30-Year Rate “Inversion” Since 2009

In a move which shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30-year mortgage has dropped another 17 basis points over the past week for an average rate of 3.33 percent, which is now 75 basis points (0.75 percent) below its mark at the... Read More »

Listing in the Red at BLU

Listing in the Red at BLU

Listed as “an outstanding investment opportunity” back in August of 2017, unit #10C at 631 Folsom Street (a.k.a. BLU) – a “premium 2 bedroom, 2 bathroom condo with great light and an open floor plan…premium-grade finishes in the modern chef’s kitchen and…spa-like bathrooms,” as well as a deeded parking... Read More »

Index for Bay Area Home Values Started the Year With a Slip

Index for Bay Area Home Values Started the Year With a Slip

Having ended last year up 2.1 percent on a year-over-year basis but 1.3 percent below peak, 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 – slipped another 0.5 percent in January, which... Read More »

Inventory Levels and Sales Continue to Drop in San Francisco

Having plummeted 40 percent last week, the number of homes on the market in San Francisco has since dropped another 14 percent to 390, which isn’t zero but is 37 percent fewer than at the same time last year, driven by a combination of listings being withdrawn from the... Read More »

Pending Home Sales Activity in the U.S. Was Up Last Month

Pending Home Sales Activity in the U.S. Was Up Last Month

Having rebounded 5.2 percent in January, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, ticked up another 2.4 percent in February to 111.5, which was 9.4 percent above its mark at the same time last... Read More »

Bay Area Employment Held Last Month, But…

Bay Area Employment Held Last Month, But…

Having been downwardly revised by the State at the start of the year, the estimated number of people living in San Francisco with a paycheck inched up by 1,100 in February to 574,100, which was 7,400 more employed residents than at the same time last year, with an unemployment... Read More »

Price Reductions, and Increases, on the Rise in San Francisco

With new listing activity and inventory levels having plummeted, and the pace of home sales having sharply dropped, the percentage of homes on the market in San Francisco with at least one official price cut – which doesn’t include properties that were withdrawn from the MLS and then re-listed... Read More »

Benchmark Mortgage Rate Drops, Short-Term Rate Jumps

Benchmark Mortgage Rate Drops, Short-Term Rate Jumps

Having spiked last week, the average rate for a benchmark 30-year mortgage has since shed 15 basis points for an average rate of 3.50 percent, which is 56 basis points (0.56 percent) below its mark at the same time last year, according to Freddie Mac’s latest Mortgage Market Survey... Read More »