It’s Not Often A 9.4 Percent Jobless Rate In The U.S. Is Bullish News
U.S. payrolls fell by 247,000 in July versus a 443,000 loss in June, and the jobless rate dropped from 9.5% to 9.4% as the labor force contracted. July labor force…
U.S. Pending Home Resales Up, U.S. Personal Incomes Down
Pending sales of existing U.S. homes are up while personal incomes are down. As previously outlined, locally a lot will likely come down to (un)employment. ∙ Pending Sales of Existing…
Beige Book Results: Real Estate and Construction Remain Weak
The Real Estate and Construction summary from the latest Federal Reserve regional business survey (a.k.a. The Beige Book) for the twelfth district (“San Francisco”): Conditions in District housing markets remained…
San Francisco County Unemployment Jumps To 9.8 Percent In June
Preliminary June labor force data counts for San Francisco, Marin and San Mateo counties puts the unemployment rate at 9.8%, 8.0% and 8.9% respectively, up 0.7 percentage points for San…
California $10,000 Tax Credit Pool For New Home Buyers Closed July 3
With $58,355,593 of tax credits already allocated, $101,638,616 in credits claimed, and 1,505 applications in a back-up position, the California Franchise Tax Board has stopped accepting applications for $10,000 tax…
San Francisco Real Estate Barometer: Three Negatives And A Neutral
According to San Francisco’s latest Economic Barometer, the average asking rent for one-bedrooms in the city fell 6.3% from April to May and is down 15.4% year-over-year while the commercial…
When Arms Length Appraisals Are “Too Far” Away
“Major real estate groups are pushing for a moratorium on new appraisal standards that they say are scuttling sales, hampering refinancings and depressing prices at a time when the sector…
Note to Short Sellers (And Their Agents): Read The Fine Print
From the San Francisco Business Times: The rising tide of “short sales” by troubled home owners facing foreclosure is prompting lenders to become more aggressive in their attempts to pursue…
JustQuotes: Mortgage Rate Update
“The average 30-year rate dropped to 5.2 percent from 5.32 percent, mortgage buyer Freddie Mac of McLean, Virginia, said today….The 15-year rate averaged 4.69 percent.” ∙ U.S. Mortgage Rates Drop…
QuickLinks: Thank Goodness That Foreclosure Crisis Is Over…
∙ New Evidence on the Foreclosure Crisis ∙ Another wave of foreclosures is poised to strike ∙ A New All-Time High (Or Rather Low) For U.S. Prime Delinquencies