San Francisco real estate tips, trends and the local scoop: "Plug In" to SocketSite™
“San Francisco will begin cracking down this week on homeless people who commit quality-of-life crimes in a 15-block area of the city’s South of Market district – the tourist-heavy section…
“A recession within the next 12 months is likely and its impact on the Bay Area will be “sharp but short” due to the area’s strong economic underpinnings, according to…
“Declines in the dollar, which fell to a record $1.4154 against the euro today, are souring some overseas investors on U.S. government debt….”We’re shifting money to the euro from the…
“Earlier this year, Robert J. Barbera, who’s been a Wall Street economist for 25 years, was predicting a soft landing for housing — that is, stagnation rather than substantial declines.…
“The new Whole Foods Market in San Francisco shows with meticulous precision why upscale grocery stores are coveted by communities that want to see themselves as fully rounded or on…
“Congress, banking regulators and President Bush all are promoting a potential way for subprime borrowers to avert foreclosure. Called loan modification or loan workout, it means changing a mortgage’s terms…
“Despite the Bay Area’s notoriously high home prices, the housing slump won’t be as acute as in the rest of the state because supply and demand are in better balance,…
“Lehman, the biggest underwriter of U.S. bonds backed by home loans, and National City, Ohio’s largest bank, announced the dismissals less than a day after 900 people were cut by…
“Thornburg Mortgage Inc., the jumbo home-loan specialist, sold bonds backed by $1.44 billion of mortgages to pay down credit lines and free up financing to accelerate new lending. The transaction…
“U.S. commercial paper outstanding fell for a third week, dropping 3.1 percent as more investors refuse to buy debt secured by mortgage assets.” “Commercial paper outstanding has fallen by $244.1…