Articles Filed Under: Trends

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Record Office Rents in San Francisco Climb with a Jump in Demand

Record Office Rents in San Francisco Climb with a Jump in Demand

Having ended 2018 at a record high, driven in part by the delivery of a record 3.7 million square feet of shiny new space over the past year, all of which was delivered pre-leased, the average asking rent for office space in San Francisco ticked up another 2.2 percent... Read More »

Stylish SoMa Loft Nearly Fetches its 2015 Price

Stylish SoMa Loft Nearly Fetches its 2015 Price

As we outlined last month: Purchased for $1.185 million in December of 2015, the “modern, stylish, tri-level loft” #14 at 175 Russ Street, “located in the heart of SOMA,” with easy access to tech shuttles and company headquarters, as well as to Whole foods and “countless restaurants and cafes,”... Read More »

Mortgage Rates Inch Up, Inversion Increases, Odds of Easing Even

Mortgage Rates Inch Up, Inversion Increases, Odds of Easing Even

Having dropped 35 basis points in March, including the biggest one week drop in over a decade, the average rate for a 30-year mortgage has ticked up 6 basis points over the past two weeks to 4.12 percent but remains 30 basis points below its average rate at the... Read More »

Pace of Newly Proposed Development on the Rise in San Francisco

Pace of Newly Proposed Development on the Rise in San Francisco

Having totaled a seven-year low last year, the number of newly proposed plans for major developments in San Francisco totaled 17 in the first quarter of this year, that’s up from 10 in the first quarter of 2018 and slightly above average for first quarter activity as measured since... Read More »

Number of Homes Listed for Sale in San Francisco Holds

The net number of homes listed for sale in San Francisco has been holding around 620 over the past week, which represents 8 percent more inventory on the market than at the same time last year. The currently inventory count includes 205 single-family homes (which is 2 percent more... Read More »

Asking Rents in San Francisco and Oakland Slip in First Quarter

Asking Rents in San Francisco and Oakland Slip in First Quarter

Having reversed course last year, the weighted average asking rent for an apartment in San Francisco and Oakland slipped a little over one (1) percent in the first quarter of 2019 but with a bit of seasonality in play. Including one-off rentals, as well as those in larger developments,... Read More »

Pace of New Home Sales in the U.S. Ticks Up, Median Price Slips

Pace of New Home Sales in the U.S. Ticks Up, Median Price Slips

The pace of new single-family home sales in the U.S. ticked up 4.9 percent in February to a seasonally adjusted rate of 667,000 sales which is 0.6 percent above the pace of sales at the same time last year with a median sale price of $315,300, down 3.6 percent... Read More »

More Expensive Homes for Sale in San Francisco

While the total number of homes listed for sale in San Francisco slipped by a little under 4 percent to 625 over the past two weeks with typical Spring Break seasonality in play, there is now 17 percent more inventory on the market versus the same time last year... Read More »

Bay Area Home Sales Rebound to an 11-Year Low

Bay Area Home Sales Rebound to an 11-Year Low

Having dropped to an absolute 11-year low in January, the number of single-family homes and condos that traded hands across the greater Bay Area increased 12.9 percent in February to 4,354, which was an above-average seasonal jump but remains 12.8 percent below the sales volume at the same time... Read More »

Pending Home Sales in the U.S. Slip

Pending Home Sales in the U.S. Slip

Having ticked up 4.6 percent in January, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, slipped 1.0 percent in February to 101.9 which is 4.9 percent lower on a year-over-year basis and 9.3 percent below a cyclical high of... Read More »