Articles Filed Under: Trends

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Pace of Home Sales in San Francisco Drops, Inventory Inches Up

While home sales in San Francisco totaled a ten-year low in the first quarter of 2019, the pace of sales turned up at the end of March and April sales will show a year-over-year increase, trends which shouldn’t catch any plugged-in readers by surprise. That being said, the pace... Read More »

Bay Area Employment Really Drops, Unemployment Rate as Well

Bay Area Employment Really Drops, Unemployment Rate as Well

While the unemployment rate in San Francisco returned to a record low 2.1 percent last month, the drop was driven by a reduction in the size of the labor force and the number of people living in San Francisco with a paycheck actually decreased by 5,700 to 566,200, which... Read More »

Benchmark Mortgage Rate Dips, Odds of an Easing Jumps

Benchmark Mortgage Rate Dips, Odds of an Easing Jumps

The average rate for a 30-year mortgage shed 7 basis points over the past two weeks to 4.07 percent, an average rate which is now 54 basis points lower than at the same time last year, according to Freddie Mac’s latest Mortgage Market Survey data. The average rate for... Read More »

Number of Homes for Sale in SF Inches Up but Trend Turns Down

Number of Homes for Sale in SF Inches Up but Trend Turns Down

While the inventory of homes actively listed for sale in San Francisco inched up another 2 percent over the past week to 650, which is 38 percent higher than in mid-May of 2014, inventory levels are now running 7 percent lower than at the same time last year, which... Read More »

Pace of Home Sales in San Francisco Slips

Having started picked up steam in late March, the pace of home sales in San Francisco was running 8 percent higher on a year-over-year basis by the middle of April, as we first reported at the time. While the number of homes in contract is still running around 4... Read More »

Inventory of Homes on the Market in SF Continues to Inch Up

The inventory of homes listed for sale in San Francisco inched up another 2 percent over the past week to 640. That being said, while inventory levels are now 39 percent higher than at the beginning of May back in 2015, they’re now 1 percent lower than at the... Read More »

Benchmark Mortgage Rate Slips, Odds of an Easing Drops

Benchmark Mortgage Rate Slips, Odds of an Easing Drops

The average rate for a 30-year mortgage dropped 6 basis points over the past week to 4.14 percent, which is 41 basis points below the average rate as measured at the same time last year (4.55 percent), according to Freddie Mac’s latest Mortgage Market Survey data. At the same... Read More »

Asking Rents Inch Up in San Francisco, Slip in Oakland

Asking Rents Inch Up in San Francisco, Slip in Oakland

The weighted average asking rent for an apartment in San Francisco, including one-off rentals as well as units in larger developments, has inched up $25 over the past month to $4,175, which is roughly 2 percent higher versus the same time last year but still 5 percent below its... Read More »

Index for Bay Area Home Values Ekes Out a Gain

Index for Bay Area Home Values Ekes Out a Gain

Having dropped 1.3 percent in January, 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) inched up 0.6 percent in February. That being said, the index has still dropped 3.7 percent since the third... Read More »

Fewest First Quarter Home Sales in San Francisco Since 2009

Recorded home sales in San Francisco totaled just under 1,000 in the first quarter of 2019. That’s down nearly 13 percent versus the first quarter of last year, the fewest first quarter sales since a total of 833 in the first quarter of 2009, and down from over 1,800... Read More »