Articles Filed Under: Trends

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Exceptional West SoMa Loft Finally Secures an “At Asking” Sale

Exceptional West SoMa Loft Finally Secures an “At Asking” Sale

Purchased for $1.135 million in March of 2015, the “exceptional TOP-FLOOR” unit #28 with “soaring double height ceilings” in the award-winning brick & timber live/work loft building at 380 10th Street returned to the market priced at $1.199 million this past April, a sale at which would have represented... Read More »

Benchmark Mortgage Rate Moderating Around 2.9 Percent

Benchmark Mortgage Rate Moderating Around 2.9 Percent

Having inched up 3 basis points last week, the average rate for a benchmark 30-year mortgage has since inched back down 2 basis points to 2.88 percent, which is 77 basis points below its mark at the same time last year and only 2 basis points above its all-time... Read More »

Pending Home Sales in the U.S. Hit a Record High

Pending Home Sales in the U.S. Hit a Record High

Having ticked up 5.9 percent in July, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, rose another 9.8 percent in August to an all-time high of 132.8 and is now running 24.2 percent above its... Read More »

Index for Bay Area Home Values Inches Up and Down

Index for Bay Area Home Values Inches Up and Down

Having slipped in May and June, 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 0.9 percent in July for a year-over-gain of 2.5 percent versus a 4.8 percent gain... Read More »

San Francisco Rents Just Dropped Even More

San Francisco Rents Just Dropped Even More

Having slipped under $3,600 in August, the weighted average asking rent for an apartment in San Francisco has just dropped to under $3,400 a month, which is down nearly 6 percent over the past month alone (having dropped closer to 3 percent a month over the prior quarter), down... Read More »

Sub-Million Dollar Listing Levels Tick Up in San Francisco

Having hit a 9-year high earlier this month, the number of homes on the market which have been listed for under a million dollars has since ticked up another 15 percent to 640, representing 34 percent of all listed inventory versus 26 percent of the inventory on the market... Read More »

New Claims Drop but Ongoing Unemployment Ticks Up

New Claims Drop but Ongoing Unemployment Ticks Up

While the number of San Francisco residents that filed a new/initial unemployment claim dropped 16.5 percent to 21,332 August, from 25,534 in July, and the unemployment rate declined with a contraction in the labor force, the total number of active unemployment claims actually ticked up 3.1 percent in July... Read More »

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

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

Having jumped over 14 percent in July, the seasonally adjusted pace of new single-family home sales in the U.S. ticked up another 4.8 percent in August to an annualized rate of 1,011,000 sales, which was 43.2 percent above its pace at the same time last year and the highest... Read More »

Pace of Home Sales in the U.S. Hits a 14-Year High

Having jumped nearly 25 percent in July, the seasonally adjusted pace of existing-home sales across the U.S. ticked up 2.4 percent in August to an annual rate of 6.00 million sales, a pace which is 10.5 percent higher than at the same time last year and an effective 14-year... Read More »

Number of Homes for Sale in San Francisco Jumps

Number of Homes for Sale in San Francisco Jumps

Having ticked up another 8 percent over the past week, the number of homes on the market in San Francisco, net of new sales and contract activity, has jumped over 15 percent since the end of August and crossed over the 1,800 mark for the first time in a... Read More »