It’s Double Entendre Time For 46 Tingley Once Again: Go Bears!
Purchased for $620,000 in September of 2004, 46 Tingely returned to the market in December of 2007 as a potential short sale asking $599,000. In September of 2008 the single-family…
San Francisco’s “2008 Luxury Tour” Scorecard To Date: No Sales
From ABC’s Nightline last night: “Herding the ‘White Elephants’: A look at how hard unloading a mega-mansion has become in today’s economy.” Shockers. At least to those who aren’t plugged-in…
Bay Area Notices Of Default: Another Source, The Same Story
“Notices of defaults (the first step in the foreclosure process) and notices of trustee sales (which often but don’t always lead to actual foreclosures) reached 525,356 in 15 California counties…
A Sign Of The Times And A Comp In 2005, So How About In 2009?
Purchased for $550,000 in June of 2004, this Outer Sunset single-family home was flipped eight and one-half months later for $680,000 (an increase of $130,000/23.6%) and established a new neighborhood…
Flash Back Forward To Beacon Two-Bedrooms Asking Under $600,000
A tax assed value of just over $750,000; a recorded sale back to the bank three weeks ago for $629,142; and a two-bedroom/bath condo at the beacon that’s now asking…
Another Non-Comp Comp On The Market At 246 2nd Street (#1003)
In October of 2005 246 2nd Street #1003 sold for a reported $950,000. In April of 2008 the unit was bought back by the bank for $835,783. And yesterday it…
QuickLinks: Lower Rates Will Save San Francisco! Oh, Wait A Minute…
∙ The FOMC Speaks (And Not In Tongues): It Ain’t Pretty Out There ∙ U.S. Stocks Fall on Concern Fed Is Running Out of Ammunition ∙ Banks Show No Signs…
JustQuotes: Why Simply Reducing Rates Won’t Cure The Market’s Ills
“Almost 53 percent of borrowers whose loans were modified in the first quarter of this year re-defaulted by being more than 30 days overdue…” ∙ Majority of Modified Loans Fail…
As Lenders (And Consumers) Hoard, The Fed Commits Another $800B
As lenders and consumers continue to hoard, the Fed announces a $800B spending spree: The central bank will purchase as much as $600 billion in debt issued or backed by…
U.S. Homebuilder Confidence: At Least It Can’t Go Too Much Lower…
The bad news: Confidence among U.S. homebuilders in November dropped to the lowest level since record-keeping began in 1985, a sign that the deepening credit crisis is preventing prospective buyers…