U.S. New Home Sales Down 31% YOY (West Shows Seasonality)
Purchases of new homes in the U.S. last month fell 0.6 percent to an annual pace of 356,000, down 31 percent from March 2008 and down almost 75 percent from…
Four Weeks Riper (And Another Reduction) For This Noe Valley Apple
As we wrote when 714 Duncan hit the market four weeks ago asking $1,295,000 having been purchased for $1,413,000 in January of 2008: There’s little doubt the quick turn will…
Skate Design Or Die: Pushing The Envelope On 264 Clipper Street
The Envelope Architecture + Design remodel of 264 Clipper Street over in Noe Valley lands in The New York Times today. Purchased for $1,368,000 in August of 2005 according to…
2655 Bush Street: Designs For Density On The Corner Of Divisadero
Assuming a conditional use authorization to allow for the development of over one-half acre in addition to all the other requisite approvals, the vacant two-story and 48,000 square foot convalescent…
RealFacts Reports (Not So Real) Asking Rents Flat In San Francisco
Based on a RealFacts survey of “professionally managed apartment complexes with 50 or more units,” The Chronicle reports that average rents in San Francisco are off by a nominal 0.1…
Actual Q1 San Francisco Foreclosures Fall But Notices Of Default Spike
Bay Area Notices of Default (NODs) in the first quarter of 2009 rose 17.6% on a year-over-year basis, up 35.5% in San Francisco proper (from 420 to 569). NOD activity…
An Apple Rather Than Cone On The Pine Street Tree (3016 Pine)
Purchased for $710,000 in May of 2003, a complete overhaul, remodel and bullish market resulted in the sale of 3016 Pine Street for $2,725,000 in July of 2006. Back on…
Loan Officers Forced To Play The Field Rather Than Pick Their Horse
A long awaited “appraisal overhaul” for agency backed mortgages goes into effect May first. Some color from Julian Hebron at RPM Mortgage: As of May 1, the Federal Housing Finance…
We Still Believe It Would Have Made A Most Excellent Museum
“San Francisco’s landmark 50 United Nations Plaza will receive $121 million upgrade under the American Recovery and Reinvestment Act, an infusion of cash that will allow the mothballed federal office…
Proposing A Wrong Without Another (Yet) To Right On Rincon Hill
The back and forth with respect to Michael Kriozere’s intentions to pay the final five million dollars in development fees for One Rincon Hill prompted Supervisor Chris Daly to introduce…