Probability Of A Rate Hike In 2015 Down To 30 Percent
While mortgage rates ticked-up a few basis points over the past week, the average rate for a 30-year mortgage (3.82 percent) remains below four percent for the twelfth week in…
Twitter Cutting Up To 336 Employees, Average Severance Revealed
As expected, Twitter’s Board of Directors has approved cutting up to 336 employees, or roughly 8 percent of its global workforce. It’s unclear whether this is tactical for the companies…
Mortgage Rates Drop, Odds Of A Hike In 2015 Under 50 Percent
While local employment remains on a tear, a weaker than expected U.S. jobs report spooked the market and drove Treasury rates down over the past week as assets shifted to…
What’s It worth to Get Rid of Elderly Tenants in S.F.?
Five months ago, the two-unit Mission District building with an unwarranted in-law at 867-869 South Van Ness was purchased for $1.625 million. At the time of the sale, the in-law…
The Economics of a Rincon Hill Condo and Reality Check
Purchased for $700,000 in 2012, or roughly $1,150 per square foot, the one-bedroom One Rincon Hill condo #4404 was listed as a rental for $3,800 in mid-2014 and actually rented…
Futures Market Says No, But Yellen Says Yes Re: Rate Hike
As of this morning, an analysis of the futures market put the probability of the Fed raising interest rates by the end of the year at 35 percent. But this…
Mortgage Rates Drop Along With Odds Of A Hike In 2015
With the Fed having balked at raising the Federal funds rate last week, the average rate for a 30-year mortgage dropped to 3.86 percent, down from 3.91 percent the week…
Rent Versus Buy For A $7M Pacific Heights House
On the market as a rental for $23,000 a month in July, the asking rent for the five-bedroom Pacific Heights home at 2470 Broadway has been reduced to $18,000. Of…
Odds Against A Rate Hike This Month, Likely In December
According to an analysis of the futures market by the CME Group, the probability that the Fed will hike interest rates tomorrow currently stands at 23 percent with the probability…
San Francisco Property Tax Rate To Rise, Where The Dollars Will Go
Despite rising property values, the property tax rate for the City and County of San Francisco is slated to increase from $1.1743 per $100 of assessed value in the current…