Employment And Earnings Matter? Who Knew…
“…the belief among many lenders is that the demand for commercial space and condominiums could be “extraordinarily weak” for several more years, in large part because businesses aren’t showing signs…
SocketSite’s San Francisco Listed Housing Inventory: 11/02/09
Inventory of Active listed single-family homes, condos, and TICs in San Francisco fell 4.2% over the past two weeks and is currently running 21.8% under 2008 levels on a year-over-year…
San Francisco’s Commercial Sublease Snapshot: November 2009
According to Colliers, 2,411,525 square feet of commercial sublease space is currently on the market in San Francisco, down 248,159 square feet over the past 30 days but once again…
Will The Stimulated Economy Be As “Sticky” As Real Estate?
“The U.S. economy grew in the third quarter for the first time in more than a year, propelled by stimulus-driven gains in consumer spending and home building.” UPDATE (10/30): “Americans…
“Credits For Condos” (And Other New Homes) A Clunker As Well?
Car sales rocketed after the government rolled out their “Cash for Clunkers” sales incentive, but then plummeted when it expired. New home sales rebounded after the government rolled out tax…
August S&P/Case-Shiller: San Francisco MSA Continues MOM Uptick
According to the August 2009 S&P/Case-Shiller Home Price Index (pdf), single-family home prices in the San Francisco MSA gained 2.8% from July ’09 to August ’09, down 12.5% year-over-year and…
Actual San Francisco Foreclosures Up 31.6% QOQ (Down 6.8% YOY)
Bay Area Notices of Default (NODs) in the third quarter of 2009 rose 25.2% on a year-over-year basis, up 72.0% in San Francisco proper (from 353 to 607). NOD activity…
RealFacts Reports Asking Rents Down 5.6% In San Francisco
As we wrote in April: Based on a RealFacts survey of “professionally managed apartment complexes with 50 or more units,” The Chronicle reports that average rents in San Francisco are…
San Francisco County Unemployment At 9.7 Percent In September
Preliminary September labor force data counts for San Francisco, Marin and San Mateo counties puts the unemployment rate at 9.7%, 8.0% and 9.0% respectively, down 0.4 percentage points in San…
San Francisco Recorded Sales Activity In September: Up 17% YOY
According to DataQuick, recorded home sales volume in San Francisco jumped 17% on a year-over-year basis last month (536 recorded sales in September ’09 versus 458 sales in September ‘08)…