Mortgage Rates Slip, Slated to Rise
With the Omicron surge rattling the market, driving bond yields down, the average rate for a benchmark 30-year mortgage slipped 7 basis points (0.07 percentage points) over the past week…
New Unemployment Claims Near Pre-Pandemic Levels, But…
Having dropped to a pandemic-era low of 51,484 in October, the number of new unemployment claims filed across the Bay Area fell to 36,421 in November, which was within 40…
Nearly 500K Bay Area Jobs Have Been Recovered, 157K to Go
Having increased by a downwardly revised 4,500 in October, the net number of people living in San Francisco with a paycheck increased by 6,300 in November to 546,800, dropping the…
Prepare for Multiple Rate Hikes in 2022
With “supply and demand imbalances related to the pandemic and the reopening of the economy” having “continued to contribute to elevated levels of inflation,” which has been rattling the market,…
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…
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…
Re-Opening of San Francisco’s Economy, November Report
While local bridge traffic is back to around 90 percent of its pre-Covid volume, BART ridership is still down by nearly 80 percent and weekly office attendance within the San…
459,000 Bay Area Jobs Have Been Recovered, 192,000 Left to Go
Having increased by an upwardly revised 6,600 in September, the net number of people living in San Francisco with a paycheck increased by 4,200 in October to 540,200, dropping the…
Asking Rents in San Francisco Tick Down Another Percent
As we first reported last week, the weighted average asking rent for an apartment in San Francisco had slipped a percent in October to $3,375 per month, an average which…
Average Asking Rent in San Francisco Slips
Having rebounded a little over 12 percent from May through September, the weighted average asking rent for an apartment in San Francisco slipped a percent in October to $3,375 per…