Articles Filed Under: Trends

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Home Sales in San Francisco Poised to Drop, Again

Having dropped 9.0 percent on a year-over-year basis in August, recorded home sales in San Francisco are poised to drop again in September. And that’s despite the fact that September home sales in San Francisco were the lowest in over 15 years in 2018. In fact, if recorded sales... Read More »

Office Vacancy Rate in Oakland Ticks Up, But…

Office Vacancy Rate in Oakland Ticks Up, But…

The vacancy rate for East Bay office space around Oakland has ticked up from 9.5 percent at the beginning of the year to 11.9 percent today, driven by the delivery of 600,000 square feet of new space at 601 City Center in Downtown Oakland, half of which was pre-leased... Read More »

Pace of Existing Home Sales in the U.S. Drops

Pace of Existing Home Sales in the U.S. Drops

Having ticked up 1.3 percent in August, the seasonally adjusted pace of existing-home sales across the U.S. dropped 2.2 percent in September to an annual rate of 5.38 million sales but remains 3.9 percent above its mark at the same time last year, according to the National Association of... Read More »

More Time for Banked Trendyloin Entitlement Now Being Sought

More Time for Banked Trendyloin Entitlement Now Being Sought

As we outlined back in the third quarter of 2017: Purchased as an un-entitled Tenderloin parcel for $1.6 million , plans for an eight-story, market-rate building with 23 sub-500-square-foot residential units to rise on the 430 Eddy Street site were approved by the City... Read More »

Inventory Levels Inch Up, Reductions on the Rise

With the number of homes newly listed for sale over the past week having outpaced the number of new contracts written, the inventory of homes on the market in San Francisco has ticked up one (1) percent to 1,040, which is 8 percent higher than at the same time... Read More »

Bay Area Unemployment Rates Drop to Record Lows

Bay Area Unemployment Rates Drop to Record Lows

Benefiting from a seasonal bump in the onboarding of new graduates, the number of people living in San Francisco with a paycheck increased by 7,100 in September and now totals a record 580,800. And with a labor force of 591,400, the unemployment rate has dropped to a record low... Read More »

Dolores Heights View Home Drops Below its 2015 Price

Dolores Heights View Home Drops Below its 2015 Price

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 two-car garage with a (new) Tesla charging station and driveway... Read More »

Mortgage Rates Rebound, Probability of a Rate Cut Hits 90 Percent

Mortgage Rates Rebound, Probability of a Rate Cut Hits 90 Percent

Having ticked down 16 basis points since mid-September, the average rate for a 30-year mortgage jumped 12 basis points over the past week and now measures 3.69 percent. That being said, the average 30-year rate remains 116 basis points (1.16 percentage points) below its mark at the same time... Read More »

Number of Homes for Sale in San Francisco Has Likely Peaked

Number of Homes for Sale in San Francisco Has Likely Peaked

Having hit an 8-year high last month, the number of homes on the market in San Francisco has since ticked up another 5 percent to 1,030, which is 6 percent higher than at the same time last year. While the year-over-year gain in inventory levels is still being driven... Read More »

Housing Pipeline in San Francisco Slips but Building Actually Jumps

Housing Pipeline in San Francisco Slips but Building Actually Jumps

With the number of newly built units of housing in San Francisco having outpaced the number of newly proposed units of housing to be built in San Francisco for the first time since mid-2017, albeit by a nominal amount, the overall pipeline of apartments and condos under development in... Read More »