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September 2019 San Francisco Market Report

Neighborhood House & Condo Prices; Short-Term & Long-Term Appreciation Trends; Population Migration In & Out of the City. After the heat of the spring market, activity typically slows down markedly in July and August. In September, listings start pouring on the market again to fuel the relatively short autumn selling season – in fact, September […]

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San Francisco Real Estate August 2019 Report

Sales & Values by District and Price Segment, Special Circumstance Sales, Market Seasonality, the Luxury Home Market & Foreign Buyers. The May Case-Shiller Home Price Index was released in late July for the 5-county SF metro area. This chart illustrates the difference in appreciation rates between the Bay Area (higher price markets) and the entire […]

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How did the spur of IPOs impact Bay Area housing markets?

Executive Summary: Higher-end sales (above $3 million) surged in the second quarter to last year’s historical peaks. Home prices remained flat in the second quarter, except in San Francisco and San Mateo. For-sale inventory growth slowed considerably, especially in San Francisco. Inventory remains at 50 percent of the last housing boom. Tax reform is likely …

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July 2019 San Francisco Market Report

High stock markets, low interest rates, surging luxury home sales, limited inventory, a spring full of unicorn IPOs, and San Francisco – once again -hits new highs in median home sales prices. July 2019 Update After 2 quarters of no or negative year-over-year home price appreciation, a confluence of positive economic factors sent San Francisco […]

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June U.S. Jobs Report: Continued strength lowers expectations of Fed cut in July

Friday’s national employment report from the U.S. Bureau of Labor Statistics showed that the U.S. economy added 224,000 in June, exceeding the expectations of market observers who were counting on lower gains amid some slower May economic reports. The current economic expansion also entered its 121st month in July, marking the longest expansion in modern …

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California on track for longest job expansion in recorded history

California added 19,400 jobs in May bringing the unemployment rate down to 4.2 percent, according to the latest report from the state Employment Development Department. The lowest unemployment rate, 4.1 percent, was seen in second half of 2018. Current job growth is at a 111-month expansion — the second-longest since 113-month expansion of 1960s. With …

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Plenty of Bay Area buyers, but why are they hesitant?

Executive Summary: While April’s momentum is slightly slower in May, May sales are still only 2 percent below last year’s highs after double-digit declines earlier in the year. Home sales momentum remains solid in East Bay. Napa sales finally jumped 6 percent after a 6-month losing streak, averaging 20 percent annual declines. Affordable sales picked …

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