Who’s Down With OPM In The Marina?
Purchased for $875,000 in June 2004 with a variable rate first for $612,500, a second for $218,750, and all of five (5) percent down, 1471 Francisco was taken back by…
Pace Of New U.S. Home Sales Hits New Historic (S)Low In July
On the heels of yesterday’s dismal existing home sale stats and a leading indicator, sales of new single-family U.S. homes fell to annual pace of 276,000 in July, down 12.4…
Existing U.S. Home Sales Pace Plunges 27.2% In July (25.5% YOY)
The pace of U.S. existing home sales fell to an annual rate of 3.83 million units in July, a drop of 27.2 percent from June and a drop of 25.5…
Currently Asking 17% Less Than Its Last Mortgage In Pacific Heights
2543 Vallejo has been on our readers’ radar for just about a year. Purchased in January 2000 with a $1,395,000 variable rate loan, the Pacific Heights property was refinanced in…
Expect The Unexepected
“Companies may be losing confidence in the recovery and are hesitant to hire, raising the risk of further erosion in consumer spending, the biggest part of the economy. Federal Reserve…
The Missing Links (Or Rather Notes) for 3346 Clay
How can a Presidio Heights house that was purchased for $800,000 in 1992 and refinanced in 2001 with a $1,350,000 note end up listed as a short sale at $2,895,000…
Mix? Pshaw! Who’s Ever Heard Of Such A Ridiculous Thing…
From HousingWire’s summary of Morgan Stanley’s latest Housing Markets Insights report: Morgan Stanley analysts are questioning the power of national home price indices, saying that local ‘shift-in-mix’ impacts may overcome…
Failing Grades In Auction Buying 101 (And Commenting)
Despite what the Chronicle’s most popular commenters seem to think, auctioning off a second mortgage on the courthouse steps isn’t unscrupulous, crooked, or criminal. Bidding on a courthouse auction without…
Rent Versus Buy (Or Sell) A Landmark Mansion
Listed for $7,900,000 last September, the asking price for the fully restored Landmark Burr Mansion at 1772 Vallejo was reduced to $6,995,000 last October and then withdrawn from the MLS…
Three Amigos Of FHA Requirement Changes In Effect Or Coming Soon
Announced in January, all three amigos of requirement changes for FHA loans should actually be in effect soon: New FHA borrowers must have a minimum credit score of 580 to…