Articles Filed Under: Trends

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San Francisco Adopting New Stay Home Order [UPDATED]

San Francisco Adopting New Stay Home Order [UPDATED]

With a sharp 19 percent drop in post-Thanksgiving testing volumes, the average number of daily new COVID-19 cases identified in San Francisco dropped from a new pandemic peak of 148 on 11/24 to 128 as of 11/26. That being said, there were at least 184 new cases identified in... Read More »

Bay Area Unemployment Claims Dropped in October, But…

Bay Area Unemployment Claims Dropped in October, But…

Having spiked to 281,462 in September, the number of new unemployment claims filed across the Bay Area dropped 17 percent to 232,908 in October but was still higher than in May, June, July or August and prior to two rounds of pandemic driven reopening rollbacks last month. And in... Read More »

Mortgage Rates Inch Down to New Record Lows

Mortgage Rates Inch Down to New Record Lows

The average rate for a benchmark 30-year mortgage inched down another basis point (0.01 percentage points) over the past week to 2.71 percent, which is nearly a full percentage point (97 basis points) lower than the already historically-low rate of 3.68 percent that was on offer at the same... Read More »

San Francisco’s Housing Pipeline Drops 5 Percent, But…

San Francisco’s Housing Pipeline Drops 5 Percent, But…

Having hit a record high at the end of 2019, the number of apartments and condos now under development in San Francisco (i.e., the city’s housing pipeline) has since dropped 4.6 percent, primarily driven by a sharp decline in the pace of newly proposed projects. That being said, there... Read More »

Highest Share of Reduced Listings in S.F. Since 2011

While the number of homes on the market in San Francisco has dropped 16 percent over the past two weeks with typical seasonality in play, inventory levels are now up over 130 percent on a year-over-year basis and climbing, versus 95 percent higher on a year-over-year basis when inventory... Read More »

Pending Home Sales in the U.S. Slip One Percent

Pending Home Sales in the U.S. Slip One Percent

Having slipped 2.2 percent in September from an all-time high in August, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, ticked down another 1.1 percent in October to 128.9 but remains 20.2 percent above its... Read More »

Pace of New Home Sales in the U.S. Slips, Inventory Holds

Pace of New Home Sales in the U.S. Slips, Inventory Holds

Having been upwardly revised for a 0.1 percent gain in September, the seasonally adjusted pace of new single-family home sales in the U.S., which hit a 14-year high in August, slipped 0.3 percent in October to an annualized rate of 999,000 sales, representing the first month-over-month decline in the... Read More »

Index for Bay Area House Values Ticks Up, Condos Down

Index for Bay Area House Values Ticks Up, Condos Down

Having inched up an upwardly revised 0.9 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 – ticked up 1.0 percent in September for a year-over-gain of 6.0 percent in... Read More »

One-Bedroom Rents Down to 2012-Era Levels in San Francisco

One-Bedroom Rents Down to 2012-Era Levels in San Francisco

With the average asking rent for a studio apartment in San Francisco having slipped below $2,000 a month for the first time in nearly a decade earlier this month, the average asking rent for a one-bedroom apartment in the city has since slipped under $2,700 a month for the... Read More »

Number of Homes on the Market in San Francisco Drops, But…

Number of Homes on the Market in San Francisco Drops, But…

In a move which shouldn’t catch any plugged-in reads by surprise, the number of homes on the market in San Francisco, net of all new sales and contract activity, both pending and closed, dropped 7 percent over the past week, driven by a seasonal slowdown in new listing activity.... Read More »