Articles Filed Under: Trends

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Index for Bay Area House Values Ticks Up, Condos Down

Index for Bay Area House Values Ticks Up, Condos Down

Having inched up an upwardly revised 0.9 percent in August, 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 1.0 percent in September for a year-over-gain of 6.0 percent in... Read More »

One-Bedroom Rents Down to 2012-Era Levels in San Francisco

One-Bedroom Rents Down to 2012-Era Levels in San Francisco

With the average asking rent for a studio apartment in San Francisco having slipped below $2,000 a month for the first time in nearly a decade earlier this month, the average asking rent for a one-bedroom apartment in the city has since slipped under $2,700 a month for the... Read More »

Number of Homes on the Market in San Francisco Drops, But…

Number of Homes on the Market in San Francisco Drops, But…

In a move which shouldn’t catch any plugged-in reads by surprise, the number of homes on the market in San Francisco, net of all new sales and contract activity, both pending and closed, dropped 7 percent over the past week, driven by a seasonal slowdown in new listing activity.... Read More »

Bay Area Re-Employment Jumps, Labor Force Rebounds

Bay Area Re-Employment Jumps, Labor Force Rebounds

Having sputtered in September, the number of people living in San Francisco with a paycheck jumped by 25,400 last month, driving the unemployment rate, which had been averaging around 2 percent prior to the pandemic but jumped to 12.6 percent in April, back down to 6.9 percent. That being... Read More »

Yes, Mortgage Rates Just Dropped to New All-Time Lows

Yes, Mortgage Rates Just Dropped to New All-Time Lows

Having inched up last week from an all-time low of 2.78 percent the week before, the average rate for a benchmark 30-year mortgage has since dropped 12 basis points to 2.72 percent, which is nearly a full percentage point lower than the historically low rate that was on offer... Read More »

Pace of Home Sales in the U.S. Ticks Up, Inventory Down

Pace of Home Sales in the U.S. Ticks Up, Inventory Down

Having hit a 14-year high in August and then jumped another 9.4 percent in September, the seasonally adjusted pace of existing-home sales across the U.S. ticked up another 4.3 percent in October to an annual rate of 6.85 million sales, a pace which is 26.6 percent higher than at... Read More »

Number of Homes on the Market in San Francisco Inches Up

Number of Homes on the Market in San Francisco Inches Up

Having ticked down 11 percent since hitting a two-decade high last month, which shouldn’t have caught any plugged-in readers by surprise, the number of homes on the market in San Francisco, net of new sales and contract activity, both pending and closed, inched up one (1) percent over the... Read More »

Luxury One-Bedroom Marked to Market, Down Over $200K

Luxury One-Bedroom Marked to Market, Down Over $200K

Listed for $1.15 million three months ago, the sale of the 851-square-foot, one-bedroom unit #16H on the 16th floor of the Lumina tower at 201 Folsom Street, which features “panoramic views,” wide plank hardwood floors, Siematic cabinetry, Gaggenau & Bosch appliances, custom closets, and a parking space in the... Read More »

Short-Term Mortgage Rate Jumps, 30-Year Rate Inches Up

Short-Term Mortgage Rate Jumps, 30-Year Rate Inches Up

Having dropped to an all-time low of 2.78 percent last week, the average rate for a benchmark 30-year mortgage has since inched up 6 basis points to 2.84 percent but remains 91 basis points below it mark at the same time last year and less than half the average... Read More »

Studio Rents Just Dropped to 2011-Era Levels in San Francisco

Studio Rents Just Dropped to 2011-Era Levels in San Francisco

For the first time since 2011, the average asking rent for a studio apartment in San Francisco has slipped below $2,000 a month, which is down nearly 25 percent since the end of February and over 30 percent below the market’s peak in 2015, driven by a sharp increase... Read More »