Articles Filed Under: Trends

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California Median Home Prices And Sales Fall

Today’s California Association of Realtors press release carries the bold headline: “Median price of a home in California at $538,770 in October, up 17.2 percent from year ago; sales decrease 2.8 percent”. And while prices are indeed up from a year ago, they are DOWN from the previous month... Read More »

US Existing Homes Sales Down, Inventory Up

We’re not too surprised by a winter sales slowdown, but the nationwide inventory numbers caught us by surprise. According to Reuters: Sales of existing U.S. homes slowed in October and the inventory of unsold houses rose to the highest level in nearly 20 years, a trade group said on... Read More »

Over Half Of San Francisco Loans Interest-Only

According to LoanPerformance, San Francisco had the second highest percentage of interest-only loans originated during the first half of 2005. At 53.4%, it was second only to Santa Cruz/Watsonville (54.8%), and almost double the national average of 28.5%. Oakland wasn’t that far behind at 48.8%. Guess they believe Bob.... Read More »

Top O’ The Market To You!

Inventories and interest rates are up, sales are down, and prices are either flat or falling. So we’re calling it: welcome to the top of the San Francisco housing market! For sale signs are popping up left and right, and as one seasoned agent recently commented, “we’re going to... Read More »

San Francisco’s Home Sales Slump

Via Inman News: “San Francisco Bay Area home sales declined on a year-over-year basis for the seventh month in a row in October, according to DataQuick Information Systems, a real estate information company. The median home price in October was up 17.2 percent since October 2004 but slipped 0.3... Read More »

The Tide Has Turned In Sacramento

We missed it, but luckily The Housing Bubble 2 didn’t. According to Sacramento’s News 10.Net, “A report from the California Building Industry Association shows new home sales in Northern California fell 40 percent during the past three months, compared to the same period last year. It’s the sharpest such... Read More »

Look At All That Pretty Green

Look At All That Pretty Green

According to Lyon Real Estate, Sacramento County housing inventory has tripled since March of this year, while total sales have declined. Once again, it’s not the Bay Area, but we’re still building up to that… ∙ Sacramento County Homes for Sale vs. Sold vs. Pending Read More »

Writing On The Wall

“U.S. housing starts fell 5.6 percent in October as construction of both single-family and multifamily homes slid, while a drop in permits for future groundbreaking was the largest in more than six years, the government said on Thursday.” Granted, not Bay Area specific, but perhaps even more telling. And... Read More »

Boast Busters In The Making

To be fair, this isn’t nearly as much of a boast as the original, but it still needs some busting. Under the Inman headline “Realtor questions value of interest-only real estate loans”, columnist Robert Bruss downplays the potential of a “financial foreclosure debacle”. According to Bob: “…after the first... Read More »

San Francisco Housing Inventory: Up, Up, And Away!

San Francisco Housing Inventory: Up, Up, And Away!

According to the HousingTracker, San Francisco housing inventory is up over 36% over the past two months (based on active MLS listings). That’s a good statistic, but don’t pay too much attention to the HousingTracker “Median Price” number which represents median list/asking prices (as opposed to actual sales prices). Read More »