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 … Continue reading Labor Day is over…now what?
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 … Continue reading Our (extended) backyard is getting more affordable, Lake Tahoe luxury real estate takes a dip
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 … Continue reading Comment du Jour: “Check out the VC funding [the Bay Area] received…”
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 … Continue reading Reader Reports: Bay Area attracts top talent and money
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
Picture the corner of Divisadero and Oak, and replace CPAs and Programmers with Realtors: Yes, this corner:
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: … Continue reading San Francisco Real Estate watch: SF Chronicle’s recipe for fear
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?
A reader forwards us this link to a recent article in this special section of the New York Times, which leaves us wondering, “Is San Francisco real estate still ‘Holding On’?” Some quotes: -“Once real estate in the most expensive cities no longer seemed to be a can’t-miss investment, you might have thought more people … Continue reading Is San Francisco real estate still “Holding On”?
3 Oceans Real Estate provides some answers: Raising the conforming loan limit has the following benefits: 1. It does in fact greatly stimulate the economy 2. Many consumers who got in over their head will now be able to afford their mortgage 3. Greater affordability for housing is created 4. It will influence a portion … Continue reading Still confused about Conforming Loan Limits?
“Fed Cuts Rate by Half-Point; 2nd Reduction in 8 Days” [New York Times] In lowering its benchmark Federal funds rate by half a point, to 3 percent, the central bank acknowledged that it is now far more worried about an economic slowdown than rising inflation, and it left open the possibility of additional rate reductions. … Continue reading Chop go the rates…again! (Feds cutting rates makes us queezy)
Where readers ask and we try to answer: How do you think this new economic plan will affect Californian’s second-home purchases in 2008? Damn good question. Anyone?
NAR Issues Housing Forecast: “Stable Existing-Home Sales Expected in Early 2008, then Gradual Rise” Over the next few months, existing-home sales are expected to hold fairly steady as indicated by pending sales activity, then rise later in the year and continue to improve in 2009, according to the latest forecast by the National Association of … Continue reading N.A.R. Housing Forecast
Not too much in the way of a rosy picture painted in this article, but we thank our source for the link nonetheless. Some highlights: -Residential drag diminishes by 2H08, but commercial joins the slowdown -Weaker profit and tighter business credit slow business spending -Stagflationary Feel -Misery Index Oh, just read the report: Wells Fargo … Continue reading Wells Fargo Analysis of Money and Markets
Rather than giving excerpts, we thought we’d give you the whole thing. Found via the San Francisco Association of Realtors Advantage Online Publication: “California experienced another year of weak home sales in 2007. Sales of existing detached single-family homes, which declined 23.6 percent for the year 2006, were projected to decrease another 26.0 percent to … Continue reading California Association of Realtors Housing Outlook 2008
It all starts with a vacation, then turns into an impulsive need to buy. We’re already seeing more Europeans purchasing New York property, so if San Francisco can get past the extra 5-6 hours spent on a plane for most Europeans, we will certainly begin to see more of them pouring some of their hard … Continue reading …and Here they Come: Foreigners Buying San Francisco Real Estate is Next