Record High Ratio Of Unemployed To Openings
At the end of 2001 US unemployed workers outnumbered job openings by a little over two to one, a ratio that climbed to almost three to one in 2003 but…
U.S. New Home Sales Climb On Discounts And Foreclosures
“Sales of new U.S. homes climbed in August to the highest level in almost a year as builders cut prices at a record pace to compete with the foreclosures that…
San Francisco County Unemployment Up To 10.1 Percent In August
Preliminary August labor force data counts for San Francisco, Marin and San Mateo counties puts the unemployment rate at 10.1%, 8.3% and 9.2% respectively, up 0.2 percentage points in San…
Wells Fargo Adds 375K Feet To San Francisco’s Negative Absorption
“Wells Fargo has terminated its 375,000-square-foot lease at 155 Fifth St. in San Francisco, adding another empty building to an office leasing market with a nearly 20 percent vacancy rate.”…
San Francisco Recorded Sales Activity In August: Down 2.8% YOY
According to DataQuick, recorded home sales volume in San Francisco fell 2.8% on a year-over-year basis last month (514 recorded sales in August ’09 versus 529 sales in August ‘08)…
SocketSite’s San Francisco Listed Housing Inventory Update: 9/14/09
Inventory of Active listed single-family homes, condos, and TICs in San Francisco increased 9.9% over the past two weeks in a typical post-Labor Day bounce. Listed inventory is currently running…
How A Mere Ten Percent Drop Becomes A Hundred Plus Percent Loss
From Bloomberg’s story about a spike in “wealthy individuals’” bankruptcy filings related to real estate: “Real estate is an incredible thing on the downside,” said Jason Green, a bankruptcy attorney…
San Francisco Listed Sales Volume In August: Down 10% YOY
While sales volume for listed single-family homes in San Francisco fell 5% on a year-over-year basis in August, condo sales volume fell 16.5% (176 transactions in August 2008 versus 147…
San Francisco’s Commercial Sublease Snapshot: September 2009
According to Colliers International, 2,721,080 square feet of commercial sublease space is currently on the market in San Francisco (49% of which is currently vacant), up a net 266,000 square…
U.S. Unemployment At 9.7 Percent, Two Tenths Below San Francisco
“The pace of U.S. job losses slowed in August as signs emerged that the recession is ending, while the unemployment rate reached a 26-year high ….A rising jobless rate, stagnant…