It might not be your cup of tea, but 18 buyers showed up to the recent tea party at 274 De Long (4 bed, 2 bath, Single Family in the “Outer Mission”…as pertains to the SFAR Districts Map…think more Crocker Amazon/Oceanview), and 17 of them will go home empty handed and hungry. — We know … Continue reading 18 Offers On That!!!?
From our friends at Roost.com “Every home for sale… (Well almost…)” We bring you their future blog post (how nice of them to let us post it first). Roost muscled through a large number of public sources of information and found well over one thousand towns/cities across the US that have more square feet tied … Continue reading 4,000 Football Fields Worth Of Foreclosures
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 … Continue reading Open House Traffic Only Visited By Those Sensing Foreclosure
Some clarification on the median price drop and the value of your home: Every Bay Area county experienced double-digit declines in the median price. The annual drops for existing homes ranged from 11.8 percent in San Francisco to 48.4 percent in Contra Costa County. The median marks the point at which half the homes sold … Continue reading The Data, Quotes, And Fine Print On San Francisco’s Foreclosure Activity
This is a question many across the nation will be pondering over the next several months and I’ve long believed that any bailout of homeowners would be ripe for abuse. The Chronicle had a great article this past weekend highlighting this “strategy” quite articulately and comprehensively. This should be really interesting to watch unfold as … Continue reading Pay Now, or Pay Less Later?
It’s not often a deal like this comes around and everybody shares in the goods, but 727 Grafton promises not to disappoint. Here’s the deal: 1. The seller gets to walk away (its a REO)…DEAL! 2. The contractors didn’t have to pull permits (“permit status if any is unknown”), or put in a kitchen, “The … Continue reading A Good Deal for Everyone: 727 Grafton ($369,900)
Perhaps the marketing remarks say it all: “Amazing opportunity. Pre-foreclosure sale of a European style Nob Hill penthouse with spectacular views of the city & bay. This is a 6 room Edwardian flat in need of some serious TLC, but is a one of a kind unit and must be sold now!” Is that pre-foreclosure … Continue reading Penthouse views at Pre-Foreclosure pricing! (1254 Washington)
We’re pulling this directly from theFrontSteps.ORG (our social network): Redfin adds FSBO and Foreclosure Inventory. So what do you think about that!?
This from a reader: Here is another shining example of disservice to the SF real estate market courtesy of the SF Gate. The SF Gate and KGO (ABC) reported ([yesterday and the day before yesterday], respectively) on the same story, but KGO was decent enough to report the foreclosure numbers IN CONTEXT, i.e. referencing that … Continue reading Shining examples of more stellar “local” real estate reporting
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 … Continue reading California Foreclosure Crisis: I ask, Senator Barbara Boxer replies
Some quotes on Senator Barbara Boxer’s April Fools Day Speech/Proposed Bill regarding the housing crisis. “Seven of the top ten foreclosure filing rates nationwide are in California!” “One in every 557 homes nationwide filed for foreclosure.” “Two hundred million dollars in additional funding for housing counselors [proposed].” “When counselors sit down with mortgage holders miracles … Continue reading Senator Boxer Video (and quotes) on California Foreclosure Crisis
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 … Continue reading Mercury rising? San Francisco foreclosures on the increase?
From a reader, “This is the same person who publishes the Case/Schiller housing index which is so widely cited…”: We have to consider the possibility that the housing price downturn will eventually be as big as that of the last truly big decline, from 1925 to 1933, when prices fell by a total of 30 … Continue reading Let’s fix this mess, says Shiller
Price then for this lovely home in Merced Heights, $695,000. We were told recently they just had a “$125,000 price reduction to $600,000”, (We’re assuming that math is from an “original price”.) So there you have it, 455 Vernon is now $600,000. We still have dibs on that truck. –Fixer Facing Foreclosure: Move Fast! [theFrontSteps] … Continue reading Fixer Facing Foreclosure: an Update (455 Vernon)