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…
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…
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…
When Barrack Speaks, You Should Listen
Some choice quotes from Tom Barrack, head of Barrack’s Colony Capital (one of the largest private equity firms devoted to real estate and having provided returns of 21 percent annually…
We’re Moving On Up!
According to a Global Insight study, the San Francisco real estate market is overvalued by approximately 36% (up from 30% at the beginning of the year). As such, San Francisco…
Bay Area Inventories Up, Agent’s Spirits Down
This should come as no surprise to any regular SocketSite readers, but if you haven’t been reading or are new to our community here’s a bit of insight: inventories are…
Forget Staging, It’s Now About Posing
An instant classic! A reader forwards an email they recieved promoting a friend-of-a-friends open house this weekend. The classic excerpt: “I have an open house this Sunday from 2-4 and…
Flippers (Not Strippers) Gone Wild
What happens when a venture capitalist and Wall Street executive get together to buy a Broadway producer’s house in the Hamptons for $14 million? According to the Wall Street Journal,…
The Times They Are A-Changin’
Inman echo’s our previous observations (and then some) concerning the abrupt slowdown in local open house traffic: All the signs are there: no more double parking to get a sneak…
Not Only Fashion Trends Move East To West
For months we’ve been keeping our eyes on the steady uptick of San Francisco listings that have languished in the market and have finally succumbed to the dreaded scarlet “r”…