With restrictions on construction projects, residential moves and in-person showings of homes having been eased back at the end of April, at which point some outdoor facilities and businesses were allowed to reopen as well, the tentative plan and dates for the complete economic and social reopening of San... Read More »

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 has dropped around 4 percent since the end of February to $3,950 a month, which is down over 7 percent on a year-over-year basis and... Read More »

Having already dropped over 20 percent in March, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped another 21.8 percent in April to 69.0 and is now running 33.8 percent its mark at the same... Read More »

Having inched down last week, the average rate for a benchmark 30-year mortgage has since shed another 9 basis points (0.09 percentage points) to 3.15 percent which is 8 basis points below its previous all-time low of 3.23 percent and 84 basis points below its mark at the same... Read More »

Having dropped (an upwardly revised) 13.7 percent in March, the pace of new single-family home sales in the U.S. was effectively unchanged in April (up 0.6 percent), for a seasonally adjusted annual rate of 623,000 sales (which is 6.2 percent lower than at the same time last year). But... Read More »

Having hit its pandemic driven nadir at the end of last month, when there were nearly 50 percent fewer pending home sales in San Francisco than at the same time last year, the pace of sales has started to rebound. And in fact, new contract activity over the past... Read More »

Having ticked up an upwardly revised 1.2 percent in February, 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 nearly two (1.8) percent in March to a new all-time high.... Read More »

Having jumped to a 9-year seasonal high last week, the number of homes on the market in San Francisco has since ticked up another 5 percent to 870, representing 45 percent more inventory than at the same time last year, driven by a dramatic slowdown in sales activity over... Read More »

Based on employment data through the second week of April, at which point the ongoing impact of the COVID-19 pandemic was still picking up steam, the estimated number of San Francisco residents with a paycheck has dropped by nearly 92,000 over the past two months to 482,100 and the... Read More »

Having already rocketed to over 44,300 in March, versus having averaged around 3,500 a month over the previous six years, the number of San Francisco residents that filed a new/initial unemployment claim climbed to over 57,500 in April, for a total of nearly 110,000 initial claims for San Francisco... Read More »