“But Lennar’s enterprising relationship with San Francisco City Hall — in which it has come to control much of the city’s remaining undeveloped land — gives the company unparalleled sway over how San Francisco will evolve, arguably rivaling the clout of the city’s elected leadership and the voters themselves.” But… “‘They [Lennar] have agreed … Continue reading Picture your favorite touchdown dance right here
“The neglected areas of San Francisco’s southeast shore would be remade into a destination spot with a new football stadium, hundreds of acres of open space and thousands of new homes…” “As it did for the San Francisco Giants’ waterfront ballpark, the city would contribute the land. Lennar (Lennar Corp. of Miami, a Fortune 500 … Continue reading Developing Hunters Point
We can’t figure it out. Is the Chronicle reporting locally, or nationally when they’re trying to scare us into thinking all is lost in real estate? Here’s the Headline: “Study expects 1.1 million foreclosures, Those with adjustable mortgages are most likely losers, even with conventional loans.” Read the article here. But hidden way in the … Continue reading More doom and gloom, but is it the best way to think?
Recently ran across this article on CNN Money.com, and couldn’t help but notice that it is yet another doom and gloom report on the subprime lending market. There are a couple quotes that do pertain to San Francisco: -“At a minimum, it means financing is drying up for those with less-than-perfect credit and that spells … Continue reading Scary Math…Indeed
This is why we always recommend you pay close attention to the details of “bay area housing” reports. We see San Francisco exactly as it is…low inventory, prices up. How is that a bad thing? Remember too, the media and other reporters (bloggers) are not representing clients who are getting out-bid, or can’t find a home, on a … Continue reading Need a magnifying glass?
“The index measures housing contract activity. It is based on signed real estate contracts for existing single-family homes, condos and co-ops. A signed contract is not counted as a sale until the transaction closes. Modeling for the PHSI looks at the monthly relationship between existing-home sale contracts and transaction closings over the last four years.” … Continue reading Stats & Numbers
It’s time. Yes. It’s time we do it. Here you have it. Our top list of Death, Doom and Destruction articles we have found on the web as of late. (Granted, a few glasses of wine have slipped passed security, so you’re catching us at a weak moment.) –Late Mortgage Payments Increase Nationwide [Mortgage Bankers Association] … Continue reading Death, Doom, and Destruction
Very concerning quote indeed. BizJournals Article, but look at the alternatives…Wichita, Kansas? No thanks. 10 Most Affordable Markets-You won’t find us in any of those places. 10 Least Affordable Markets-Guess which city is on top? Damn! How’d you know. [All articles taken from http://www.bizjournals.com…a highly recommended publication!] No they didn’t pay us for that.
Tuesday, Feb. 27, 2007C.A.R. reports sales decrease 12.6 percent in January, median price of a home in California at $559,640, up 1.9 percent from year ago LOS ANGELES (Feb. 27) – Home sales decreased 12.6 percent in January in California compared with the same period a year ago, while the median price of an existing … Continue reading In case you missed it, some STATS & NUMBERS
Chonicle Article NAR Article and graph…maybe NAR should win because they throw in some cool graphs.
This chart is provided by the National Association of Realtors: Link to full document NAR is also telling us “Housing Downturn Likely to Have Hit Bottom” We post it for you to draw your own conclusions and discuss. Heaven forbid we be accused of cheerleading, but we’ve been saying for quite some time the market … Continue reading U.S. Economic Outlook