Where we poach from our readers and their comments to show all you folks that don’t follow or contribute to the comments what you’re missing (and hopefully shame you into getting your ass over their and chiming in). Today, we steal from “anon” (wish you gave us a name) on “Verbatim: Why is Housing in … Continue reading Comment du Jour: “Deal…SF…Jive”
Category: San Francisco
Verbatim: “Why is housing in some cities still booming?”
Real Estate: Last of the red-hot markets Why is housing in some cities still booming? The answers may help you navigate your own market. For the most part, the iron laws of supply and demand explain what’s going on… The basics haven’t changed. Job growth and rising incomes boost demand for, and prices of, housing… … Continue reading Verbatim: “Why is housing in some cities still booming?”
Quote du Jour: “most seafood”
Different than our comment du jour, which is strictly from our readers, this new feature (totally in beta mode) is a quote we found “out there” in San Francisco that is just too good to pass up. From the Chronicle’s “San Francisco Bay opens to fishing, effective immediately“: Tests on fish and crabs show that … Continue reading Quote du Jour: “most seafood”
Rent vs. Own: The Old Debate in a New Spreadsheet
We just found this on Submedian, which is calling itself a “San Francisco affordable housing blog”. (There is no “affordable” housing in San Francisco, but we’re moving on, and we like your stuff, so you’re on our radar.) So far this person has gone into detail about the median vs. average issue (we found this … Continue reading Rent vs. Own: The Old Debate in a New Spreadsheet
Hmmm….$354,000 Over Asking in a Down Market?
Is that correct? Let’s see, sales price $1,553,000, minus list price $1,199,000 equals $354,000. Is that right? Hmmm. Day offer received 9/28/07 minus list date 9/12/07 equals 16 days on the market. Is that right? It can’t be. We just said volume is down 41%. Ohhhh. We get it. We’re just being led astray that … Continue reading Hmmm….$354,000 Over Asking in a Down Market?
Headlines versus Reality, Volume Down, Median Up…again.
Headlines: “Bay Area median prices rise, but overall home sales news grim. Reality: “As Homeowners, Volume is not Very Relevant. For what it’s worth, we’re happy to see our little report was right on the money as far as the decline in volume at around 41%. Guess we’re not so mathematically challenged after all. And … Continue reading Headlines versus Reality, Volume Down, Median Up…again.
Stats & Numbers: Condo Sales 10/06-10/07
From Garrett: Condominiums District 1 Oct-06 Oct-07 Number of Sales 15 7 Median Selling Price 701,000 779,000 Average DOM 33 25 District 2 Oct-06 Oct-07 Number of Sales 0 2 Median Selling Price 752,500 Average DOM 27 District 3 Oct-06 Oct-07 Number of Sales 3 0 Median Selling Price 595,000 Average DOM 22 District 4 … Continue reading Stats & Numbers: Condo Sales 10/06-10/07
29 offers!? (1851 26th Ave.)
We didn’t say it, those loonies over at San Francisco Schtuff did: I’ve walked into a lot of homes in my day–some of which required hard-hats and safety waivers, but I have yet to see a home as wet and soggy as this one. There was water coming in from every crevice. Leaking through the … Continue reading 29 offers!? (1851 26th Ave.)
More mortgage fiasco reporting
From today’s San Francisco Chronicle: The subprime mortgage fiasco stands to cost the Bay Area economy more than $5.4 billion next year, according to the latest report intending to put a dollar figure on the rising wave of real estate foreclosures. The lending crisis will cost the national economy $166 billion and 524,000 potential jobs, … Continue reading More mortgage fiasco reporting
God Save the Queens…of the Craigslist Housing Forum
If you’re going to call us out, at least let us know about it. We found this on Craigslist today: The Front Steps Blog is Hilarious. < [author] Planet_of_Slums > 11/24 14:18:22 The entire Bay Area has gone into crash mode, but, over at the Front Steps blog: they’re not gonna take this Housing Crash … Continue reading God Save the Queens…of the Craigslist Housing Forum
Glassing Off: Downtown and a Bottle of Windex
Following on the heels of our latest post on Millennium Tower, today’s Chronicle/SF Gate provides the latest on all the glass going up on many of the other buildings we’ve featured. Have a look at this audio slideshow by John King of the SF Chronicle. And of course, feel free to share your thoughts. –One … Continue reading Glassing Off: Downtown and a Bottle of Windex
In Marketing, Less is More
Our neighbor’s (Tiburon) “back yard”. (Yes, that is the Golden Gate Bridge on the right, and the city of San Francisco just left of center.) In case you are wondering, that back yard could be yours for $7,650,000, and you get 5300 square feet of “Romantic View Property” to go with it. Can’t afford to … Continue reading In Marketing, Less is More
Millennium Rising…and Selling Rather Quickly
There have been a lot of unconfirmed rumors flying around regarding Millennium Tower, so we thought we’d visit the sales office, call a few reliable sources, get some confirmations, start another rumor, and give you the scoop on the latest with Millennium Tower. First, to ease your doubts about our market ever seeing $2000/square foot, … Continue reading Millennium Rising…and Selling Rather Quickly
Is Help on the Way?
“Countrywide, GMAC, Litton and HomeEq – which collectively service more than one quarter of subprime loans to people with poor credit – agreed to maintain the initial, lower interest rate for some subprime borrowers whose rates are scheduled to jump significantly higher. To qualify, borrowers must occupy their homes, have made their payments on time … Continue reading Is Help on the Way?
Not such a pretty picture for Bay Area housing
Is that why this guy is so smiley? His predictions are coming true? For those wondering, that is “[e]conomist Ken Rosen, a notorious bear on housing who has called for a correction for several years, [who] said home prices in the urban core of the Bay Area could drop 5 to 10 percent – but … Continue reading Not such a pretty picture for Bay Area housing
“Beautifully Restored Victorians” seem to be all the rage (2872 Pine)
Since we’re on the subject of beautifully restored 3 bed, 3.5 bath Victorians in Lower Pacific Heights selling in a heart beat for over $1000/square foot, why not take a look at another beautifully restored Victorian 3 bed, 3.5 bath in Lower Pacific Heights, selling almost as quickly, just around the corner, and on one … Continue reading “Beautifully Restored Victorians” seem to be all the rage (2872 Pine)