JustQuotes: FIFO Not LIFO For The San Francisco Economy?
“ continues to struggle through an economic recession that has gutted revenue from property taxes and other sources. Newsom said that property tax revenues, which had been climbing 11 percent…
The Dow Continues To Move (While 2170 Pacific Still Hasn’t)
It’s at least the fourth time a listing for 2170 Pacific Avenue has touted “On Tour as New” and “1st OPEN!” Now asking $2,995,000 with an official one day on…
QuickLinks: The Fed Covers The B-52’s (Legal Tender)
∙ ‘Rambo Fed’ Will Buy Treasuries to Combat Crisis ∙ Mortgage Rates May Fall to Lowest Since WWII on Fed Purchases ∙ Dollar Rally Crumbles as Fed Ramps Up Printing…
From Coming Soon To On The Market To Up For Rent: 1391 Clayton
On the market last October asking $2,795,000 and then relisted in January for $100,000 less, 1391 Clayton has hit Craigslist as a rental asking $7,500 per month. We’ll let you…
U.S. Unemployment Joins San Francisco County In The 8% Club
While the preliminary unemployment rate in San Francisco County hit the 8.0% mark in January, in February it hit 8.1% nationally. From Bloomberg: The U.S. unemployment rate jumped in February…
Unemployment In The San Francisco MSA Ticks Up To 7.5%
From the Chronicle: California officials say unemployment rates in the Bay Area jumped in January, reaching 9.4 percent in the San Jose area, 9.2 percent in the East Bay and…
Beige Book Results: Economic Conditions Continue To Deteriorate
From the latest Federal Reserve regional business survey (a.k.a. The Beige Book): Reports from the twelve Federal Reserve Districts suggest that national economic conditions deteriorated further during the reporting period…
Note To Daly (And Others): Let The Market Take Care Of Itself
From the City Insider: Supervisor Chris Daly plans to introduce a series of new laws that’s intended to help renters during these tough economic times — a proposal that is…
U.S. Pending Home Resales Drop 7.7% In January, December Revised
The National Association of Realtors reports a 7.7% January drop in U.S. pending home resales and has revised their originally reported 6.3% gain in December down to 4.8%. “There are…
Buffet Calls Shenanigans Shambles (And The Dow Dips Below 7,000)
The Dow Jones Industrial Average has fallen below 7,000 for the first time since 1997 and Warren Buffet has eloquently predicted our economy will remain in “shambles” throughout 2009 (and…