U.S. New Home Sales: Down 23% In April Year-Over-Year
The seasonally adjusted annual pace of new single-family home sales in the U.S. ticked up to 323,000 in April, up 7.3 percent from a revised rate of 301,000 in March…
“San Francisco” Prestige Index Drops 4.3% In First Quarter
The First Republic Prestige Home Index for “San Francisco” homes valued at more than $1 million dropped 4.3 percent from the fourth quarter of 2010 to the first quarter of…
San Francisco County Unemployment Drops To 8.5% In April
Preliminary April labor force data counts for San Francisco, Marin and San Mateo counties pegs the unemployment rate at 8.5%, 7.6% and 8.2% respectively, down 0.6 percentage points in San…
San Francisco Recorded Sales Activity Down 1.4% In April
Recorded home sales volume in San Francisco fell 1.4% on a year-over-year basis last month (422 recorded sales in April 2011 versus 428 sales in April 2010), down 14.7% as…
Existing U.S. Home Sales Pace Down 12.9% Year-Over-Year In April
The pace of seasonally adjusted existing-home sales in the U.S. fell 0.8 percent from a downwardly revised 5.09 million in March to a 5.05 million pace in April, down 12.9…
844 Bay Returns As An Apple Remodeled (And If Only It Were 888…)
As we wrote about 844 Bay in August 2008: In 2004 844 Bay Street (the one with the red door) was a two-bedroom single-family home of two thousand and thirty-five…
Rolling Easy Eights Up North (And Here At The High-End)
While San Francisco has seen its fair share of lucky number eight sales, especially at the high-end, over the past few months, it’s nothing compared to the impact buyers from…
The Economist Calls Another Rather San Francisco Centric Bubble
A few excerpts from the Economist’s current cover story, The New Tech Bubble: “SOME time after the dotcom boom turned into a spectacular bust in 2000, bumper stickers began appearing…
San Francisco Listed Housing Inventory Update: May 16, 2011
Inventory of listed single-family homes, condos, and TICs in San Francisco increased 3% over the past two weeks to 1,577 active listings. Listed inventory levels have increased an average of…
San Francisco Housing P/E Ratio History And Three Year Drop
To repeat what we first wrote in January 2008: There’s no doubt Bay Area average rents are up. And while we wouldn’t be surprised to see another 10-15% increase in…