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Articles Filed Under: Trends

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Pace of Home Sales in S.F. Drops, Down Over 20 Percent YOY

The number of homes on the market in San Francisco dropped 11 percent over the past week to 730, which is 42 percent lower than at the same time last year and shouldn’t have caught any plugged-in readers by surprise. At the same time, the net number of single-family... Read More »

Bay Area Unemployment Claims Drop to a Pandemic-Era Low

Bay Area Unemployment Claims Drop to a Pandemic-Era Low

The number of new unemployment claims filed across the Bay Area dropped to 51,484 in October, which was down from 138,831 in September, the fewest new claims since the pandemic hit and down from an average of 125,372 new claims a month in the third quarter of this year.... Read More »

Pace of Home Sales and Inventory Levels Tick Down in S.F.

The number of homes on the market in San Francisco ticked down another 3 percent over the past week to 820, which is 42 percent lower than at the same time last year and shouldn’t have caught any plugged-in readers by surprise. At the same time, the net number... Read More »

Rents in S.F. Tick Down Another Percent, But…

Rents in S.F. Tick Down Another Percent, But…

The weighted average asking rent for an apartment in San Francisco ticked down another percent over the past month to $3,325. But as we noted last month, asking rents in San Francisco typically tick down in the fourth quarter with a seasonal slowdown in the market. And in fact,... Read More »

A DUM Remodeling “Mistake” That Could Be Rather Costly

A DUM Remodeling “Mistake” That Could Be Rather Costly

Purchased as a vacant two-unit building for $690,000 in September of 2001, a permit to remodel the kitchen on the main/second floor of the rather lovely Victorian at 1016 Pierce Street was requested and approved in 2010. A bathroom remodel was permitted in 2011. And in 2014, an over... Read More »

Benchmark Mortgage Rate Inches Up, Fed Positioning for a Hike

Benchmark Mortgage Rate Inches Up, Fed Positioning for a Hike

The average rate for a benchmark 30-year mortgage inched up 1 basis points (0.01 percentage points) over the past week to 3.11 percent, which is 40 basis points above its mark at the same time last year. As such, the average 30-year rate is now 46 basis points above... Read More »

Apples-to-Apples Versus The Index for a Luxury One-Bedroom

Apples-to-Apples Versus The Index for a Luxury One-Bedroom

Purchased for $1.245 million in May of 2018, the 876-square-foot, one-bedroom unit #23D in the Lumina tower at 201 Folsom Street, “the most premier residential building in San Francisco,” returned to the market listed for $1.299 million in May of this year, a sale at which would have represented... Read More »

Pending U.S. Home Sales Ticked Up Last Month, Slipped YOY

Pending U.S. Home Sales Ticked Up Last Month, Slipped YOY

Having dropped 2.3 percent in September, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, ticked up 7.5 percent in October to 125.2. On a year-over-year basis, however, the index was down 1.4 percent, closed sales... Read More »

Index for Bay Area House Values Inches Up, Poised to Turn

Index for Bay Area House Values Inches Up, Poised to Turn

Having inched up 0.4 percent in August, 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 0.1 percent in September versus a 1.4 percent gain at the same time last... Read More »

Listed Inventory Down Over 40 Percent in San Francisco, But…

Driven by a seasonal drop in new listing activity, the net number of homes on the market in San Francisco dropped another 9 percent over the past week to 850, representing 44 percent less listed inventory than at the same time last year, which shouldn’t have caught any plugged-in... Read More »