The SocketSite Reality Check For CBS’s Infamous “42 Offer” Home
While we’ve already debunked the CBS report that a recent uptick in home sales activity is a sign of a “serious real estate rebound” in San Francisco (we’ll call it…
Landlord Foreclosure Concerns: Not Just For Residential These Days
“With downtown commercial property values down 30 percent from their highs in the summer of 2007, highly leveraged owners who bought at the peak are up against huge debt payments…
CBS Calls It A “Real Estate Rebound In San Francisco”
Remember when we promised to point out the bullish signs for the San Francisco real estate market based on good buy side analysis? Well, this isn’t it. Multiple offers on…
JustQuotes: Profiting From (Their Own) Poor Underwriting Skills
“Stanford L. Kurland, Countrywide’s former president, and his team have been buying up delinquent home mortgages that the government took over from other failed banks, sometimes for pennies on the…
Buffet Calls Shenanigans Shambles (And The Dow Dips Below 7,000)
The Dow Jones Industrial Average has fallen below 7,000 for the first time since 1997 and Warren Buffet has eloquently predicted our economy will remain in “shambles” throughout 2009 (and…
A Plugged-In Reader Calls Shenanigans And Sets The Record Straight
From a plugged-in agent with regard to the auction of 3731 Fillmore #2: I had clients who were interested in showing up to the auction today, but who could not…
Now Up For Auction In The Marina (And Originally Asking $699,000)
Asking $699,000 when originally marketed by Brown & Co. but then re-listed, reduced and withdrawn at $549,000 last month, 3731 Fillmore Street #2 is back on the MLS with a…
SocketSite’s San Francisco Listed Housing Update: 2/17/09
Inventory of Active listed single-family homes, condos, and TICs in San Francisco rose 13% over the past two weeks (versus an average of 1.7% for the same two weeks over…
Eviction Moratorium Extended And Freddie Becomes A Landlord
“Freddie Mac and Fannie Mae, the mortgage-finance companies under federal control, are extending by one month a freeze on evictions for homeowners in foreclosure as delinquencies soar in a slumping…
SocketSite’s Residential Real Estate Outlook For 2009
We currently see across the board weakness in San Francisco’s residential real estate market throughout 2009 as economic woes compound the impact of tighter credit markets and a shift in…