San Francisco real estate tips, trends and the local scoop: "Plug In" to SocketSite™
It’s a double parking whammy as underutilized downtown surface area parking lots are replaced by new housing developments with more people than parking spaces. “Parking demand in San Francisco is…
“In the nine-county Bay Area, 3,383 households received default notices in June, more than double the 1,460 in June 2006. Alameda and Contra Costa had the highest number, with slightly…
“Buyers are finding it more difficult to finance purchases because of higher mortgage rates and stricter lending standards, Freddie Mac said. The average U.S. rate for a 30-year fixed rate…
“The average rate on 30-year fixed-rate loans climbed to 6.74 percent for the week ending June 14, from 6.53 percent the previous week. That marked the biggest one-week increase since…
“It is a bifurcated market, with continued brisk sales of homes in desirable neighborhoods, especially in the $750,000-and-up range. At the same time, lower-priced homes, and houses in outlying areas,…
“Tenants of a six-unit North Beach apartment building have lost a round in their three-year battle against eviction by landlords who want to sell the units as tenancies-in-common….The case is…
“1771 North Point is a down to the studs total overhaul (remodel doesn’t do it justice) and the showcase home for the Pacific Coast Builders Conference.” (The “Marina Green Showcase”…
“In a joint venture with partners Devine & Gong and Ridgepoint Non-Profit Housing Corp., Stewart and his team are proposing to raise $300 million to demolish a 267-unit public housing…
According to a “plugged-in” tipster, the Soma Grand “VIP priority purchase” is tomorrow (5/12/07) starting at 10AM. “Selection priority is based on the date we receive your loan approval and…
“As a general guideline, it’s best not to spend more than 2-1/2 times your income on a home. Your total housing payments should not exceed 28% of your gross income.…