Turning To China For Capital To Kick-Start Developments In SF
Seeking nearly $2 billion to kick-start the development of Hunters Point and Treasure Island in San Francisco, according to the Wall Street Journal, developer Lennar is in talks with the…
Will Wells Profit On This Condo’s Foreclosure?
Purchased for $610,000 in 2004, the two-bedroom Pacific Heights condo #409 at 1945 Washington Street was refinanced in 2007 with a first mortgage for $615,000. Having fallen $13,274 behind on…
How Are Bay Area Henrys Feeling About Housing?
Defined by Bloomberg as earning between $100,000 and $250,000 a year, the Bay Area has more than its fair share of High Earner Not Rich Yet “Henrys.” In 2010, retailers…
Palm(s) Reading: The Rent Versus Buy Line And Rate Of Return
As we originally reported in April: Purchased for $760,000 in late 2006, the two-bedroom number 606 at 555 4th Street (The Palms) is currently rented for $3,200 a month, a…
Mortgage Rates Hit All-Time Lows (Yes, Again)
According to Freddie Mac’s latest Primary Mortgage Market Survey, 30-year fixed-rate mortgage rates averaged 3.67 percent (with 0.7 points) for the week ending today, another new all-time low, down from…
A Tough Week On The Street And Close To Home
As we wrote under the headline, “Look Past The Overhyped Facebook Effect” in February: Forget the overhyped Facebook effect (a.k.a. “buy now or be priced out forever 2.0”) and simply…
Condo Lottery Bypass Legislation Coming, Mayoral Support Unclear
While conspicuously absent from the Mayor’s Housing Trust Fund proposal, according to a plugged-in reader, condo conversion lottery bypass legislation will be introduced before San Francisco’s Board of Supervisors in…
The Mayor’s Housing Trust Fund And Missing Lottery Bypass Fee
Yesterday, San Francisco Mayor Ed Lee presented a proposed “Housing Trust Fund Charter Amendment” to the Board of Supervisors for consideration. If adopted by the Board and voters in November,…
San Francisco Employment Up By 2,400, Unemployment Under 8%
Preliminary April labor force data counts for San Francisco, Marin and San Mateo counties pegs the unemployment rates at 7.4%, 6.4% and 6.8% respectively, down 0.7 points in San Francisco…
A Foreclosed Upon Noe Home Sells For Over…What Wells Was Owed
As we reported last month: With a 2008 era mortgage for $910,000 long past due, last year Wells Fargo foreclosed upon the Noe Valley home of Kathryn Galves at 1164…