theFrontSteps – San Francisco

Existing home sales nationally were down in March but continue to outpace year-ago levels, while inventory tightened and home prices are showing further signs of stabilizing, according to the National Association of REALTORS®. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, declined 2.6 percent to a seasonally adjusted [...]

From the source: The San Francisco housing market continued to show promising signs of recovery through October 2009. Pending single family home sales jumped to 271 homes in October 2009, which represents a 30% increase in the number of pending sales month over month and a 58% increase year over year. Although greater scrutiny in [...]

Painful: The Commerce Department said on Wednesday housing starts dropped 10.6 percent to a seasonally adjusted annual rate of 529,000 units, the lowest level since April and the percentage drop was the biggest since January. Financial markets had expected starts to rise to 600,000 units. September’s housing starts were revised upwards to a 592,000 unit [...]

The data is in and it’s true, the grass is not greener in the ‘burbs, and yet another reason to get thee to the city. “A new report released today by the ULI Terwilliger Center for Workforce Housing finds that the average Bay Area household spends more than $41,000 a year – nearly 60 percent [...]