An Unwarranted Drop In Value?
Purchased for $1,053,000 in 2005, the West Portal Craftsman at 260 Claremont returned to the market this past April listed for $1,130,000. Reduced to $990,000 in May (after which it…
30-Year Mortgage Rates Fall Below 4 Percent And…Activity Drops
According to Freddie Mac’s latest Primary Mortgage Market Survey, 30-year fixed-rate mortgage rates averaged 3.94 percent with an average 0.8 point for the week ending October 6, 2011, down from…
The Rising Rents Versus Falling Prices Paradox And Salary Debate
A reader’s comment from our report on 44 Rockaway Avenue that sparked a discussion that’s topical and worth its own place for debate: is the explanation of how SOMA rental…
Loan Limits Set To Fall From $729,750 To $625,000 In San Francisco
As we reported two weeks ago: While industry groups furiously lobby, it’s now t-minus two weeks until the super/jumbo conforming loan limits that provide for federally backed mortgages up to…
San Francisco’s “Wall Street Wrecking Ball” Report And Rally
At 12:30 this afternoon, Assessor-Recorder Phil Ting along with Supervisors Avalos, Cohen and Mirkarimi will gather at City Hall to address the “Wall Street Wrecking Ball” report for San Francisco,…
The Fed’s “Twist” And The Markets Tumble
Citing “significant downside risks to the economic outlook, including strains in global financial markets,” and in a move dubbed “Operation Twist,” the Federal Reserve announced it will sell $400 billion…
T-Minus Two Weeks Until Higher Loan Limits Set To Expire
While industry groups furiously lobby, it’s now t-minus two weeks until the super/jumbo conforming loan limits that provide for federally backed mortgages up to $729,750 in high cost areas like…
How Low Can They Go?
According to Freddie Mac’s latest Primary Mortgage Market Survey, mortgage rates have hit all-time record lows “amid market and employment concerns and economic uncertainty.” The average rate for a 30-year…
Conforming Loan Limit Extension Gains Obama’s Support
As plugged-in people are well aware, the super/jumbo conforming loan limits that provide for federally backed mortgages up to $729,750 in high cost areas like San Francisco were first passed…
How To Acquire “Free” Money: Borrow, Then Don’t Pay It Back…
Speaking of “free” foreclosure living in San Francisco, it was a year ago that we first wrote about 1945 Franklin, the six bedroom Pacific Heights home whose previous owners have…