CFAH

Articles Filed Under: Real Estate Economics

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To Sell, Or Not To Sell

The majority of San Franciscans are trying to figure out if (or how) they will ever buy a house in the current market, while a minority find themselves contemplating a sale of their primary residence in order to “cash out” on a bubble. CNN/Money weighs in with four options... Read More »

Sales Activity: National Versus Local

According to the National Association of Realtors, national existing home sales came in at a record setting annual pace of 7.33 million homes as measured in June. And according to the California Association of Realtors, statewide home sales are up 3.6% as compared to June of 2004. Sales activity... Read More »

Not The “P” But The “E”

Not The “P” But The “E”

You might recall our previous discussion about San Francisco’s housing P/E. In summary, it’s out of whack. From an investing perspective, while the cost (Price) of an investment in San Francisco real estate has risen, the returns (Earnings) have remained flat. This suggests that the majority of buyers are... Read More »

Kiyosaki Speaks

When Robert Kiyosaki speaks, the masses seem to listen. Sparking an investing revolution with “Rich Dad, Poor Dad”, Kiyosaki recently shared his thoughts about the current real estate craze with Carol Lloyd of “Surreal Estate” fame. “Don’t get me wrong, I’m still buying real estate,” he told me, adding... Read More »

Dueling Reports

If you read the Examiner, the median sales price of a San Francisco home is now $760,000 (a reported 16.4% gain from 6/04); and if you read the Chronicle, the median sales price is now $800,000 (a reported 15% gain from 6/04). Both papers credit DataQuick as their source.... Read More »

It’s About Time

Two months ago SocketSite highlighted the PMI Group’s Economic and Real Estate Trends report that indicated a 39.5% likelihood of decline in the San Francisco real estate market over the next two years (and a ten-year price appreciation of 2.3%). Two months later Kiplinger’s generates a ton of buzz... Read More »

Price Drop In San Francisco Bay Area

According to the California Association of Realtors, the Media sales price of a single-family detached home in the San Francisco Bay Area dropped .2% (from $723,070 to $721,730) in May of this year. Granted, not a huge decline, but directionally interesting. Also of note, sales activity has declined 8.3%... Read More »

Housing Prices Always Come Back

Should the housing market “pop”, it will return. It’s just a matter of time. But how long will it take? Let’s take a look at three historical housing market declines for some insight. First up, Houston. The Houston housing market declined 22.7% from 1983 to 1988; it recovered nine... Read More »

An ARM (And Quite Possibly A Leg)

As you already know from diligently reading SocketSite, adjustable-rate mortgages (ARMs) are all the rage in our fair city and account for the vast majority new mortgages. What you might not know, and few brokers or agents like to emphasize, is that most ARMs expose barrowers to significantly more... Read More »

Yes! Yes! No.

The title naturally caught our eye (Why You Can’t Afford a House in San Francisco), and we think the author’s analysis gets off to a strong start. But then he sputters. And falls flat. The entire premise of this article is that housing prices should be directly correlated with... Read More »