Bay Area Unemployment Claims Skyrocket, Over 330K in March
Having averaged a little over 3,500 new claims a month over the past five years, and with a total of around 5,600 individuals in San Francisco having qualified to receive…
Index for Bay Area Home Values Actually Inched Up, But…
Having slipped in January, 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 –…
Pace of New Home Sales Takes a Hit, Plummets Out West
Having dropped (a downwardly revised) 4.6 percent in February, prior to the impact of COVID-19 having taken hold, the pace of new single-family home sales in the U.S. dropped another…
Pace of Existing-Home Sales Drops, Poised to Plummet
Having jumped 6.5 percent in February, prior to the stock market having dropped and the impact of COVID-19 having taken hold, the seasonally adjusted pace of existing-home sales across the…
Inventory Levels in San Francisco Tick Up, Sales Down
Having held last week, the net number of homes listed for sale in San Francisco (i.e., listed inventory) has since ticked up 17 percent to around 500, which is still…
Bay Area Employment Dropped by at Least 77,000 Last Month
Based on employment data through the second week of March, which predates the bulk of the ongoing economic impact caused by COVID-19, the estimated number of people living in San…
Number of Homes Now on the Market in S.F. (And Reductions)
Having ticked up last week, the net number of homes on the market in San Francisco (i.e., inventory) has since held. That being said, inventory levels in San Francisco, which…
Asking Rents in San Francisco and Oakland Drop, Listings Up
Having already started to slip earlier this year, prior to the COVID-19 hit, the weighted average asking rent for an apartment in San Francisco dropped around 2 percent in March…
Explicit Changes to Local Stay-at-Home Orders
In addition to extending the existing ‘stay-at-home’ order for Alameda, Contra Costa, Marin, San Francisco, San Mateo and Santa Clara counties through May 3, 2020, the revised order explicitly tightens…
Index for Bay Area Home Values Started the Year With a Slip
Having ended last year up 2.1 percent on a year-over-year basis but 1.3 percent below peak, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan…