Cashing Out By Levering Up And Letting Go?
The five bedroom Sea Cliff home at 845 El Camino Del Mar was purchased for $1,100,000 in 1993 with $350,000 down. In 1998, the property was refinanced with a $1,000,000…
The Aliotos’ Towering Mansion Sells For Millions Under Asking, But Fifty-Two Times Their Purchase Price
Having hit the market asking $16,500,000 this past March, the list price for the Aliotos’ Pacific Heights home at 2898 Vallejo Street was reduced to $13,900,000 in April. This afternoon,…
It’s Cheaper To Borrow More, Not Less, This Week
Having ticked down to 4.29 percent at the beginning of July, last week the average rate for a 30-year fixed mortgage ticked up to 4.51 percent for conforming loans on…
Premium For Going Big Is On The Decline, Cheaper In Some Cases
Having jumped to 4.46 percent last week, the average rate for a 30-year fixed mortgage has ticked down to 4.29 percent for conforming loans, up from 3.62 percent at the…
14 Percent Raise Needed To Keep Pace As Mortgage Rates Rise
As we first noted two weeks ago, while the average 30-year fixed mortgage rate had eased a few basis points to 3.93 percent, the yield on the 10-year treasury and…
Unconstitutional Takings Closer To Home(s)?
Overshadowed by the overturning of the Defense of Marriage Act, this week the Supreme Court also handed down a big land-use decision in Koontz v. St. Johns River Water Management…
One Picture, A Thousand Words, And A Greater Number Of New Rights
San Francisco’s City Hall was illuminated in honor of the Supreme Court’s ruling against the so-called Defense of Marriage Act, captured by David Yu (click image to enlarge). It’s one…
Facing Foreclosure Having Cash Out For A Gain
Purchased for $1,080,000 in November of 2006 with 20 percent down, eight months later the Lower Pacific Heights property at 1611 Broderick was refinanced with a $1,330,000 loan. And four…
Uneasy Expectations For Higher Mortgage Rates
Having ticked up to 3.98 percent last week, the average rate for a 30-year mortgage had eased to 3.93 percent as of this morning but with an extra 0.1 points…
A Conscientious Approach To Appreciation And Over Asking Stats
Purchased by a plugged-in reader for $2,850,000 in June of 2009, the Noe Valley “house with a conscience” at 3961 25th Street was listed for $3,299,000 this past May. Reduced…