Articles Filed Under: Trends

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Bay Area Employment Gets a Seasonal Bump

Bay Area Employment Gets a Seasonal Bump

Having dropped to a record low of 1.9 percent in May, the unemployment rate in San Francisco has since inched up to 2.4 percent. But with a seasonally driven bump in employment as well, the number of people living in the city with a paycheck is back up to... Read More »

Number of Homes for Sale in SF Is Nearing Its Summertime Nadir

With the market’s summertime nadir two weeks away, the number of homes actively listed for sale in San Francisco has dropped to 540, which is 3 percent fewer than at the same time last year, driven by a drop in listing activity along with an uptick in sales. At... Read More »

Benchmark Mortgage Rate Drops to a Near 3-Year Low

Benchmark Mortgage Rate Drops to a Near 3-Year Low

On the heels of the Fed having eased rates last week, the average rate for a 30-year mortgage has dropped 15 basis points to 3.60 percent, which is now 134 basis points (1.34 percentage points) below its mark in the fourth quarter of last year and within 18 basis... Read More »

Home Prices Increase in 91 Percent of Metro Areas, But…

First and foremost, we need to reiterate that changes in a market’s median sale price isn’t the same thing as appreciation/depreciation or an underlying change in value, especially as sales volumes drop and the mix of what’s selling changes. That being said, for those who hang their hats on... Read More »

Fully Remodeled Four-Bedroom Home Fetches $1.15 Million

Fully Remodeled Four-Bedroom Home Fetches $1.15 Million

Purchased for $950,000 in February of last year, the 1,700-square-foot, four-bedroom Bayview Heights home at 1119 Hollister Avenue was subsequently taken “down to the studs” and subfloors. A structural wall was removed to open up the floor plan, a third bathroom was added, the electrical was upgraded (along with the... Read More »

The End of a Neighborhood Era Appears Nigh

The End of a Neighborhood Era Appears Nigh

A decade ago there were over 20 antique stores dotting San Francisco’s Jackson Square District. Today, there is one. Originally focused on antique furnishings and decorative objects, the Foster Gwin Gallery opened at 38 Hotaling Place back in 1984 and expanded into the expressionist painting and sculpture trade, which... Read More »

Inventory Levels Drop in San Francisco but Still up Year-Over-Year

While the number of homes officially on the market in San Francisco dropped 10 percent over the past week with typical seasonality in play, inventory levels remain 2 percent higher on a year-over-year basis and sales are down. At the same time, the percentage of listings which have undergone... Read More »

Fewest San Francisco Home Sales Since 2011

The number of San Francisco homes that sold in the first half of this year totaled a little under 2,700. That’s down a little over 8 percent versus the roughly 2,900 sales in the first half of 2018 and the fewest first-half sales in San Francisco since 2011 when... Read More »

The Fed Just Cut Rates, Might Not Be Done

With the Fed having formally signaled a more “patient” approach with respect to any future rate hikes back in January, the probability of an easing started to emerge, as we first noted at the time. And as predicted, the Federal Reserve has just cut the benchmark Federal Funds rate by... Read More »

Asking Rents in San Francisco and Oakland Tick Up

Asking Rents in San Francisco and Oakland Tick Up

While the purchase market in San Francisco continues to drop, the weighted average asking rent for an apartment in San Francisco, including one-off rentals as well as units in larger developments, has ticked up to around $4,300 per month, which is roughly 2 percent above its mark at the... Read More »