November S&P/Case-Shiller: San Francisco MSA Down, Rate Levels
According to the November 2008 S&P/Case-Shiller Home Price Index (pdf), single-family home prices in the San Francisco MSA fell 3.0% from October ’08 to November ’08 and are down 30.8%…
123 Laidley: Same Sales Flair Now Available For Rent (And Analysis)
As a plugged-in reader points out, the Jeremy Kotas re-designed 123 Laidley has gone the rental route. Now asking a “PRICE REDUCED” $5,550 per month. And now that we have…
JustQuotes: Remember That “Positive” Sales Surprise? Surprise!
“Fannie Mae, the largest source of home-loan money in the U.S., said it will need to tap as much as $16 billion in emergency funds from the U.S. Treasury Department…
It’s Bigger Than Google But Not A Bad Starting Point (And Relevant)
The biotech discussion was too far along to parse it from the rest of the Palms discussion, but we will redirect a reader’s no comment comment about Google: No comments…
JustQuotes: While Treasury Rates Drop, Risk Premiums Rose
“Thirty-year, fixed-rate mortgages averaged 4.96 percent last week, according to McLean, Virginia-based mortgage finance company Freddie Mac, or 2.64 percentage points more than 10-year Treasuries. Before the credit markets began…
One Rincon Hill (425 First Street): Rental Market Stumbling As Well?
Following in the footsteps of its “massive price reduction!!!” in December (originally asking $1,399,000, currently asking $999,900), the asking rent for 425 1st Street #1802 has been reduced to $4,200…
That TED Sure Is A Funny Fellow (And Worth Keeping An Eye On)
“The difference between the London interbank offered rate, or Libor, that banks say they charge each other for three-month loans in dollars and the yield on the three-month Treasury bill,…
But Hey, What’s The Bay Area Economy Have To Do With Real Estate?
“For all of 2008, just six venture-backed companies made their public debut, the worst showing since 1977 when there were also just six VC-backed companies that went public. Preliminary figures…
JustQuotes: Can You Say Risk/Default Premium?
“Federal Reserve officials are focused on driving down the spreads between U.S. Treasury yields and consumer and corporate loans, after cutting the main interest rate to almost zero failed to…
Mortgage Rate And Driver(s) Update: January 5, 2009
A quick mortgage rate update from Julian Hebron at RPM mortgage: Rates open the first full week of the year about the same as they were leading into the holidays.…