Making a long story short:
We had lunch recently with an individual that has a very real interest in today’s San Francisco real estate market (he’s selling a home, but no he’s not our client). We talked about the kids, we talked about the weather, then of course the inevitable “how’s the market”. After getting through how we thought the market was, he informed us that he recently had lunch with a “business friend” of his that kindly informed him the only people looking at open houses at the moment are those people looking to preview homes that will soon be sold at foreclosure! And apparently this “friend” had the data to back it up. Are you f*ing kidding!
That is quite possibly the most ridiculous thing we’ve heard in a while and you can rest assured we’ve heard our share of silly real estate tales.
So who’s got the data to back that ridiculous statement up? Something like that might apply to places in the greater Bay Area, but San Francisco proper? Come on!