Unexpected Jump in Home Sales in February: -Sales of existing homes rose from January to February in an unexpected lift for the slumping housing market as buyers took advantage of deep discounts on foreclosures. The National Association of Realtors said Monday that sales of existing homes increased 5.1 percent to an annual rate of 4.72 … Continue reading “Unexpected Jump In Home Sales in February”
From the San Francisco Business Times: Investors’ growing nervousness about the depths of the banking crisis hit shares of major banks that were seen as weathering the financial storm better than most. San Francisco-based Wells Fargo (NYSE:WFC) saw its shares hit a new 52-week low, closing at $13.69, down $2.07 or 13 percent. U.S. Bank … Continue reading Daily Depression: “Bank Stocks Sink On Renewed Worries”
I used to look at houses in Portland, OR like this 2/2 SFH in one of the most gorgeous neighborhoods, Sellwood, listed at $440K. And then I would look for somthing similar in SF. And then I would need a very large martini. We all know, even after the martini, that a comparable home … Continue reading Can California Keep Her Bling?
Some good news in an otherwise gloomy picture: The number of new sales contracts on existing homes jumped a seasonally adjusted 6.3% in December as buyers took advantage of lower mortgage rates and falling prices, a real estate trade group said Tuesday.The pending home sales index rose 6.3% in December and is now up 2.1% … Continue reading U.S. Pending Home Sales Up 6.3%
We’re going to take the liberty of pulling a few quotes from this recent New York Times article about President-elect Obama’s call to action and urge our fellow San Franciscans to go out and buy a house. -‘I don’t believe it’s too late to change course, but it will be if we don’t take dramatic … Continue reading Obama Says: Go Buy A House (In So Many Words)
So, one hell of an ugly year is coming to a close. As usual, this event cues panels of “leaders” in various fields to opine about the coming 365 days. What will become of Tom and Katie? Will Cher remove another rib? Will the Celtics top the NBA again? These days the doings of celebrities … Continue reading Predictions for ’09 Reveal There Are No Experts