Going On Four Years Of “Free” Foreclosure Living Over In Noe Valley
Speaking of kicking the foreclosure can down the road, as we first wrote in May 2008: Described as a “gut check for SF realtors” when it sold on 6/1/2005 (establishing…
No New Stimulus For You! (At Least Not This Month)
According to Federal Reserve Chairman Ben Bernanke, although problems still exist (think unemployment and sagging home prices), “the growth fundamentals of the United States do not appear to have been…
Scheduled Auctions Flat As Pre-Foreclosure Activity Ticks Down
Pre-foreclosure activity in San Francisco has dropped from 576 properties in the pipeline in June to 549 today, 32 percent of which are in District 10*, down from 34 percent…
Capital Preservation Versus Cash Flow At 310 Townsend
Last listed as a short sale for $410,000 following twelve price changes and relistings since March of last year, and having been purchased for $640,000 in 2007, 310 Townsend #309…
Purchase Mortgage Volume Down 1.1% Year-Over-Year
With average 30-year mortgage rates falling by 5 basis points over the past week to a 2011 low of 4.32 percent, mortgage application volume for purchases in the U.S. is…
Silver Lining: The Cost Of Mortgage Money Drops
“Mortgage rates for 30-year loans in the U.S. declined to a nine-month low as concern grew that the nation’s economy is slowing. The average rate for a 30-year fixed loan…
To Short Sale Or Foreclose, That Is The Question Of The Day
The proposed short sale of 2040 Broadway #301 has been in contract since June 1 but still hasn’t closed escrow per the MLS. Purchased for $1,850,000 in 2004, the 2,052…
Numerology Nuts (And Everyone Else) Take Note
While the number eight is lucky, the number four is death, and on Friday the Dow Jones Industrial Average closed the day at a rather inauspicious 11,444. Today, the Dow…
Cash Remains King As 3322 Market Street Is Successfully Flipped
As we reported in June: With $2,060,000 in loans past due including a first for $1,460,000, a second for $250,000, and a third for $350,000, last month 3322 Market street…
Apples-To-Apples-To-Apples-To-Apples 1470 Noe Closes Down
As we first wrote in June: As plugged-in people know, Moises Alou paid $1,875,000 for the rebuilt house at 1470 Noe in March 2005 and sold it for $1,865,000 in…