Unemployment data for the 9 counties in the Bay Area
| County |
Unemployment rate (June 2009 ) |
Unemployment rate
(2002 Annual Average) |
| Alameda |
11.40% |
6.70% |
| Contra Costa |
10.70% |
5.70% |
| Marin |
8.00% |
4.90% |
| Napa |
8.80% |
4.60% |
| San Francisco |
9.80% |
6.90% |
| San Mateo |
8.90% |
5.70% |
| Santa Clara |
11.80% |
8.40% |
| Solano |
11.30% |
5.80% |
| Sonoma |
10.20% |
5.10% |
Data source: California Employment Development Department
The statewide unemployment rate is 11.6%.
The above data is not seasonally adjusted.
* To check out the latest bank owned / REO listings in the Bay Area, go to
www.Peninsula-REO.com
Categories: Economic Data · Market Data
Unemployment data for the 9 counties in the Bay Area
| County |
Unemployment rate
(Mar 2009 ) |
Unemployment rate
(2002 Annual Average) |
| Alameda |
10.50% |
6.70% |
| Contra Costa |
9.80% |
5.70% |
| Marin |
7.40% |
4.90% |
| Napa |
9.00% |
4.60% |
| San Francisco |
8.30% |
6.90% |
| San Mateo |
9.00% |
5.70% |
| Santa Clara |
10.80% |
8.40% |
| Solano |
10.90% |
5.80% |
| Sonoma |
9.80% |
5.10% |
Data source: California Employment Development Department
The statewide unemployment rate is 11.5%.
The above data is not seasonally adjusted.
Unemployment rate in March, 2009 is higher than Feb, 2009.
* To check out the latest bank owned / REO listings in the Bay Area, go to
www.Peninsula-REO.com
Categories: Economic Data · Market Data
| County |
Unemployment rate
(Feb 2009 ) |
Unemployment rate
(2002 Annual Average) |
| Alameda |
9.70% |
6.70% |
| Contra Costa |
9.30% |
5.70% |
| Marin |
6.80% |
4.90% |
| Napa |
8.50% |
4.60% |
| San Francisco |
8.30% |
6.90% |
| San Mateo |
7.60% |
5.70% |
| Santa Clara |
9.90% |
8.40% |
| Solano |
10.40% |
5.80% |
| Sonoma |
9.10% |
5.10% |
Data source: California Employment Development Department
The statewide unemployment rate is 10.9%.
The above data is not seasonally adjusted.
There is no doubt that the job market is worst than the dot.com bust era.
* To check out the latest bank owned / REO listings in the Bay Area, go to
www.Peninsula-REO.com
Categories: Economic Data · Market Data
Market condition in Bay Area – 03/19/2009
This mainly keeps track of the entry level SFR in selected cities
Inventory: min. 3 bedroom / 1 bath with 1000 sq ft and above
| |
max. price |
Active |
Pending |
Inventory Level
(months) |
| Belmont |
< $1,000,000 |
25
|
15
|
7.50
|
| Burlingame |
< $1,250,000 |
16
|
5
|
12.00
|
| Campbell |
< $750,000 |
28
|
17
|
5.25
|
| Daly City |
< $550,000 |
46
|
56
|
4.06
|
| East Palo Alto |
< $360,000 |
46
|
33
|
9.86
|
| Foster City |
< $1,000,000 |
11
|
1
|
11.00
|
| Los Gatos |
< $1,000,000 |
32
|
9
|
12.00
|
| Millbrae |
< $1,150,000 |
57
|
60
|
6.11
|
| Milpitas |
< $550,000 |
21
|
2
|
10.50
|
| Mountain View |
< $900,000 |
34
|
12
|
34.00
|
| Pacifica |
< $580,000 |
28
|
24
|
6.46
|
| Palo Alto |
< $1,200,000 |
12
|
10
|
5.14
|
| Redwood City |
< $600,000 |
21
|
13
|
7.00
|
| Redwood Shores |
< $1,150,000 |
8
|
3
|
8.00
|
| San Carlos |
< $1,200,000 |
41
|
13
|
8.79
|
| San Mateo |
< $700,000 |
28
|
31
|
9.33
|
| San Jose |
< $400,000 |
690
|
582
|
8.81
|
| Santa Clara |
< $650,000 |
79
|
46
|
9.12
|
| South San Francisco |
< $600,000 |
35
|
32
|
4.77
|
| Sunnyvale |
< $750,000 |
62
|
44
|
7.15
|
There is an increase in listings and the inventory level is up in Burlingame, Foster City, Mountain View, San Carlos. The nicer areas in the Bay Area are feeling the ripple effect from the poor economy. I guess some people making good money in those area got laid off and they are in a rush to sell their houses and that’s why there is a jump in the listings in the areas.
To check out the latest Bank Owned Properties / REO in the area, go to
www.Peninsula-REO.com
Categories: Market Data
| County |
Unemployment rate
(Nov 2008 ) |
Unemployment rate
(2002 Annual Average) |
| Alameda |
7.30% |
6.70% |
| Contra Costa |
7.10% |
5.70% |
| Marin |
5.00% |
4.90% |
| Napa |
6.50% |
4.60% |
| San Francisco |
6.10% |
6.90% |
| San Mateo |
5.50% |
5.70% |
| Santa Clara |
7.10% |
8.40% |
| Solano |
7.90% |
5.80% |
| Sonoma |
6.50% |
5.10% |
Data source: California Employment Development Department
The statewide unemployment rate is 8.3%.
Categories: Economic Data · Market Data
| County |
Unemployment rate
(Oct 2008 ) |
Unemployment rate
(2002 Annual Average) |
| Alameda |
7.10%
|
6.70%
|
| Contra Costa |
7.00%
|
5.70%
|
| Marin |
4.90%
|
4.90%
|
| Napa |
5.40%
|
4.60%
|
| San Francisco |
6.00%
|
6.90%
|
| San Mateo |
5.40%
|
5.70%
|
| Santa Clara |
6.90%
|
8.40%
|
| Solano |
7.70%
|
5.80%
|
| Sonoma |
6.20%
|
5.10%
|
Data source: California Employment Development Department
The statewide unemployment rate is 8.0%.
Categories: Economic Data · Market Data
Market condition in Bay Area – 10/19/2008
This mainly keeps track of the entry level SFR in selected cities
Inventory: min. 3 bedroom / 1 bath with 1000 sq ft and above
|
|
max. price
|
Active
|
Pending
|
Inventory Level
(months) |
|
Belmont
|
< $1,000,000
|
28
|
9
|
3.86
|
|
Burlingame
|
< $1,250,000
|
9
|
6
|
3.86
|
|
Campbell
|
< $750,000
|
34
|
15
|
17.00
|
|
Daly City
|
< $550,000
|
62
|
44
|
5.31
|
|
East Palo Alto
|
< $360,000
|
30
|
41
|
5.63
|
|
Foster City
|
< $1,000,000
|
5
|
3
|
2.14
|
|
Los Gatos
|
< $1,000,000
|
31
|
7
|
9.30
|
|
Millbrae
|
< $1,150,000
|
15
|
8
|
4.50
|
|
Milpitas
|
< $550,000
|
70
|
38
|
11.05
|
|
Mountain View
|
< $900,000
|
18
|
6
|
4.50
|
|
Pacifica
|
< $580,000
|
21
|
11
|
4.20
|
|
Palo Alto
|
< $1,200,000
|
8
|
10
|
3.00
|
|
Redwood City
|
< $600,000
|
28
|
8
|
12.00
|
|
Redwood Shores
|
< $1,150,000
|
7
|
1
|
7.00
|
|
San Carlos
|
< $1,200,000
|
25
|
11
|
3.13
|
|
San Mateo
|
< $700,000
|
51
|
32
|
5.88
|
|
San Jose
|
< $400,000
|
639
|
431
|
9.54
|
|
Santa Clara
|
< $650,000
|
84
|
45
|
5.73
|
|
South San Francisco
|
< $600,000
|
45
|
25
|
6.14
|
|
Sunnyvale
|
< $750,000
|
71
|
33
|
7.89
|
Categories: Market Data
The U.S. Treasury backed away from using a $700 billion bailout fund to cleanse bank balance sheets of bad mortgage debt, while Europe reported more gloomy economic news, fanning fears of a worldwide recession.
To read the full story, please click here:
http://www.reuters.com/article/topNews/idUSTRE49N5VU20081112
Categories: Real Estate News
Tom Bosh lowered the telephone receiver into its cradle, making a decision on the way down. “We’re not buying any more,” he told his traders at Bank of New York Co. “Nothing.”
It was May 2007, and Bosh, who managed $25 billion from the bank’s 13th-floor trading room above Times Square, had just hung up on Ralph Cioffi at Bear Stearns Cos. a dozen blocks away. Bosh had invested $50 million in notes from an issuer Cioffi controlled, and he was ready to pull the plug.
To read the full story, please click here:
http://www.bloomberg.com/apps/news?pid=20601206&sid=a0jln3.CSS6c&refer=realestate
Categories: Real Estate News
