theFrontSteps – San Francisco

Real Estate, Insight, Statistics, Gossip, & News…With a Twist and Some Flavor

Entries for the ‘Economy’ Category

Coming Soon! And, Coming Later!

Realtor Kevin Gueco writes a very sunny review for the coming soon Mosiaica 601 condo project (pictured above) in his SFNewDevelopments blog. There’s definitely some room for pleasant surprise in the announced price  (pleasant to me, anyway, since I selfishly find all condos I cannot afford to be unpleasant): “Mosaica 601 announced last week that [...]

Taking Over Fannie Mae and Freddie Mac, Some Clarification

If you’ve been wondering what all of this Government takeover of Fannie and Freddie means, you’re hardly alone, so we just went ahead and copied what we just read to give you some different perspectives of what is being said in the real estate world. We take zero credit for this, it all came from [...]

Labor Day is over…now what?

Labor Day is behind us, which typically marks the beginning of Real Estate season. Many buyers are waiting for that special place to hit the market, and many sellers are getting their homes ready to place in the increasingly critical public eye, and hoping they sell prior to the looming Holiday Doldrums. More and more [...]

Our (extended) backyard is getting more affordable, Lake Tahoe luxury real estate takes a dip

It’s not very often that we get excited about a dip in median or average sales price, but when we’re talking our favorite playground and extended backyard, we have to admit we’re a bit giddy. From a recent article in the Reno Gazette Journal: “We had an absolute record-breaking year for the high-end market in [...]

Comment du Jour: “Check out the VC funding [the Bay Area] received…”

From Aubear1 in Bay Area attracts top talent and money (theFrontSteps): Check out the percentage of VC funding that this region received during Q1 ’08 versus other parts of the country: PWC MoneyTree.com I can’t think of a more compelling piece of information that paints the picture of how this region continues to create both [...]

Reader Reports: Bay Area attracts top talent and money

From a reader: “Best article of what is really going on in SF…” We have to agree that it is a very good example of the caliber of intellect, talent, and passion we find in San Francisco that will certainly help San Francisco weather this storm; however, it is not the entire picture. A good [...]

California Foreclosure Crisis: I ask, Senator Barbara Boxer replies

Okay, so maybe it wasn’t a personal message to me, but I contacted Senator Boxer not too long ago to find out more about her ideas behind helping Californians who are upside down on their homes (actually I was mostly interested in getting the code to post her video directly on the site.) After sifting [...]

New [San Francisco Realtor] Job Market?

Picture the corner of Divisadero and Oak, and replace CPAs and Programmers with Realtors: Yes, this corner:

San Francisco Real Estate watch: SF Chronicle’s recipe for fear

The main ingredient: “The Associated Press-AOL Money & Finance telephone poll of 1,002 adults, including 769 homeowners, portrayed a public afflicted with anxiety about what will happen to their pocketbooks in the near future. Those anxieties also show how the slumping real estate market has led to a weakened economy. [No shit?]” Add the graph: [...]

Mercury rising? San Francisco foreclosures on the increase?

Browsing TechCrunch today, we came across a site we had visited before, HotPads.com, that provides a fair bit of mashing goodness, and were reminded that we had never posted on the matter. Given all the continued hoopla in the media over the perpetual demise of real estate and the end of the world as we [...]