San Francisco real estate tips, trends and the local scoop: "Plug In" to SocketSite™
“ contracted at a 6.2 percent annual pace from October through December, more than economists anticipated and the most since 1982, according to revised figures from the Commerce Department today…
“I’ve drafted an amendment so that rather than being limited to whether the loan was conforming at time of origination, it will be based on (whether it’s conforming at) the…
The $787 billion Stimulus bill (including the restoration of higher conforming loan limits and the inclusion of a modified homebuyer tax credit) has been signed. The President is rolling out…
Inventory of Active listed single-family homes, condos, and TICs in San Francisco rose 13% over the past two weeks (versus an average of 1.7% for the same two weeks over…
From Bloomberg: Fannie Mae, the mortgage-finance company under U.S. government control, will no longer bar real- estate investors from qualifying for its loans if they already own four properties as…
From J.K. Dineen at the San Francisco Business Times with respect to office space: San Francisco tenants unloaded another 250,000 square feet of unwanted office space onto the market in…
The good news, U.S. stock futures rose last night. The bad news, the reason why: U.S. stock-index futures advanced on speculation a government report showing the highest unemployment rate since…
“The average U.S. rate on a 30-year fixed mortgage rose this week, thwarting Federal Reserve efforts to cut borrowing costs, on investor concern the government will increase spending. The fixed…
A homebuyer tax credit of up to $15,000 has passed in the U.S. Senate. Unlike the current $7,500 tax credit for first-time buyers, as proposed this credit would be available…
We currently see across the board weakness in San Francisco’s residential real estate market throughout 2009 as economic woes compound the impact of tighter credit markets and a shift in…