While the estimated number of people living in San Francisco with a paycheck increased by 5,900 in August to 515,900, the labor force shrank by 7,800 to 565,700 for an unemployment rate of 8.8 percent (versus 9.4 percent at the height of the Great Recession). As such, while employment... Read More »

As we highlighted in June of last year: We’ve been intrigued by the truly high-end conversion of unit #102 at 355 Bryant Street since the 2,200-square-foot loft hit the market listed for $2.195 million, or roughly $1,000 per square foot, back in 2006, outfitted with Italian cabinetry, hardware, wall... Read More »

With the Fed’s affirmation of a prolonged low-rate environment already priced in, the average rate for a benchmark 30-year mortgage effectively held over the past week, inching up a single basis point to 2.87 percent, which is 86 basis points below its mark at the same time last year... Read More »

Governed by state law, local governments normally can’t exert control over commercial leases. But having been enabled by an Executive Order issued by Governor Newsom back in March (N-28-20), and then extended in June, San Francisco was able to enact an eviction moratorium for small and medium-sized businesses (defined... Read More »

Having slipped last month, which shouldn’t have caught any plugged-in readers by surprise, the weighted average asking rent for an apartment in Oakland has since dropped nearly 5 percent to a little under $2,500 a month, which is now down over 13 percent since the end of last year... Read More »

The number of homes on the market in San Francisco, net of new sales and contract activity, ticked up another 5 percent over the past week to 1,680, representing 85 percent more inventory on the market than at the same last year and a new 10-year high in the... Read More »

With the number of homes on the market in San Francisco poised to jump, the percentage of listings with an asking price that has been reduced at least once has ticked up to 31 percent, which is 19 percentage points higher than at the same time last year and... Read More »

As we outlined two months ago, back in early July: Despite the fact that the weighted average asking rent for an apartment in San Francisco is already down over 10 percent on a year-over-year basis and offers of complimentary rent are on the rise, vacancy rates are still ticking... Read More »

With the number of homes on the market in San Francisco having surpassed recession-era levels and poised to rise, and the percentage of homes on the market which have been listed for under a million dollars having ticked up to 33 percent, which is 6 percentage points higher than... Read More »

Having shed 7 basis points over the past week, the average rate for a benchmark 30-year mortgage has dropped to a new all-time low of 2.86 percent, which is 70 basis points below its mark at the same time last year and 2 basis points below its previous low... Read More »