Articles Filed Under: Trends

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Home Prices Rise in 93 Percent of Metro Areas, Bay Area Excluded

According to the National Association of Realtors, “single-family median home prices increased year-over-year in 93% of measured markets in the third quarter, with 166 of 178 metropolitan statistical areas showing sales price gains” and an average gain of 5.1 percent over the past year.  And that’s up from 91... Read More »

35 Percent of San Francisco Residents Now Say They’re Likely to Leave

35 Percent of San Francisco Residents Now Say They’re Likely to Leave

According to the City of San Francisco’s latest City Survey, the percentage of San Francisco residents who say they are either “somewhat” or “very” likely to move out of the city in the next three years is up to 35 percent. That’s up from 27 percent two years ago,... Read More »

Big Plans for Modern-Day SRO Hotel(s) to Rise in the Mission

Big Plans for Modern-Day SRO Hotel(s) to Rise in the Mission

As we noted when the Mission District parking lot parcel on the southeast corner of South Van Ness Avenue and 15th Street traded hands for $4.995 million at the end of last year: “…while plans for the 7,100-square-foot parcel have yet to be submitted to Planning, the 401 South... Read More »

Number of Homes on the Market in San Francisco Ticks Down

The number of homes on the market in San Francisco (950) ticked down 6 percent over the past week as is typical for this time of the year. But overall inventory levels remain 1 percent higher on a year-over-year basis and are holding at an 8-year seasonal high. At... Read More »

Mortgage Rates Inch up but Poised to Slip

Mortgage Rates Inch up but Poised to Slip

The average rate for a 30-year mortgage inched up another 3 basis points over the past week to 3.78 percent but remains 105 basis points (1.05 percentage points) below its mark at the same time last year, according to Freddie Mac’s latest Mortgage Market Survey. And while the average... Read More »

A Signature Two-Bedroom Just Slipped Below Its 2016 Price

A Signature Two-Bedroom Just Slipped Below Its 2016 Price

Purchased for $1.895 million in the first quarter of 2016, the 1,401-square foot unit #21G in the LUMINA tower at 338 Main Street returned to the market priced at $2.195 million this past July, a sale at which would have represented total appreciation of 15.8 percent for the “coveted... Read More »

The Fed Just Cut Rates (For the Third Time This Year)

As predicted, the Federal Reserve just cut the benchmark Federal Funds rate by another 25 basis points (0.25 percentage points), the third such rate cut this year. Having dropped its benchmark rate a total of 5 percentage points between August of 2007 and the end of 2008, a move... Read More »

Appreciation for Bay Area Homes Turns Negative

Appreciation for Bay Area Homes Turns Negative

For the first time since early 2012, 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 – has dropped on a year-over-year basis, an outcome which shouldn’t catch any plugged-in readers by surprise.... Read More »

Pending U.S. Home Sales Tick Up, Slip Out West

Pending U.S. Home Sales Tick Up, Slip Out West

Having ticked up 1.6 percent in August, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, ticked up another 1.5 percent in September to 108.7. As such, the pace of new contract signings across the U.S. is now 3.9 percent... Read More »

Inventory Levels Start to Wane, Reductions Continue to Rise

Having hit its seasonal peak and an absolute 8-year high last week, which shouldn’t have caught any plugged-in readers by surprise, the number of homes on the market in San Francisco has since ticked down 3 percent to 1,010 but remains 4 percent higher than at the same time last year.... Read More »