theFrontSteps – San Francisco

We hit the local news scene, now we’re going national. We received a call from a Nightline reporter today and they’re looking for feedback and active buyers who have THOUGHTS ON RESETTING THE DOM (Days on Market) to give an old listing new legs. Specifically, do you think it is fair or not to have [...]

We just received this email from N.A.R. “The U.S. House of Representatives yesterday passed a stimulus package that raises the FHA and conforming loan limits to as high as $729,750 in high-cost areas. There is speculation that the Senate version of the stimulus package DOES NOT include these increases.” Please contact Senator Barbara Boxer and [...]

Hats off to Katy Dinner, or whoever it was that put this information together, and thanks for sending it our way. Some examples of what else you’ll find by following the link below: A two bedroom condo in the Marina will set you back a cool $1,237,000, but in Hayes Valley it will only set [...]

“Fed Cuts Rate by Half-Point; 2nd Reduction in 8 Days” [New York Times] In lowering its benchmark Federal funds rate by half a point, to 3 percent, the central bank acknowledged that it is now far more worried about an economic slowdown than rising inflation, and it left open the possibility of additional rate reductions. [...]

We were going to do a little post regarding this recent New York Times article (“Despite Housing Slide Real Estate Sites Sell”, and get into all kinds of details, but we thought we’d just send you that way instead. We also thought we’d clue you in to a great post on 3 Oceans Real Estate [...]

Being real estate professionals, it is our duty to look past the clutter and furniture and find the value in each property. We had a little trouble getting past the ottoman, sofa, chairs, and dining room wall coverings of 1700 Jones #4, but apparently the buyers saw something we didn’t. This is a 2 bed, [...]

Where readers ask and we try to answer: I work on Harrison between 3rd and 4th. For the past year+, there’s been massive construction at 766 Harrison. What’s the building going to be? And will it have an affect on the homeless/mentally ill/substance abusers who camp outside of the substance abuse/mental clinic next door? As [...]

From Garrett: District Map (PDF) Condominiums       District 1 Dec-06 Dec-07 Number of Sales 17 6 Median Selling Price 809,000 862,500 Average DOM 44 49       District 2 Dec-06 Dec-07 Number of Sales 1 0 Median Selling Price 107,328   Average DOM 39         District 3 Dec-06 Dec-07 [...]

We were just going to pull a few choice excerpts from this “Daring and Unspoiled” $1,095,000 listing in Palm Springs, but we just had to post it all: “Smashing, Splendid, Brave, Daring and Unspoiled describes this masterpiece of seventies decor – Plus Offered Turnkey Furnished! Visually stunning custom velvet walls with vibrant colors of reds, [...]

If this new law should pass (raising the conforming loan limit to around $725,000), you can expect a bit of a buying spree in San Francisco, for three main reasons (among many others): 1) Buyers are out there (in droves), and this is just what they needed to get them motivated again. 2) If this [...]