Let’s See, Drop The K And Carry The S…
We’re not about to jump the pond fulltime (at least not yet). But it is a bit eerie, or to some perhaps comforting, to see the parallels in the U.K.…
JustQuotes: You Had Better Watch Your Fannie (As Well As Freddie)
“Freddie Mac and Fannie Mae plunged in New York trading and their credit-default swaps rose as concerns grew the two largest U.S. mortgage-finance companies may need to raise more capital…
U.S. Home Resales Up But Remain Off (As Do Mortgage Applications)
While previously owned U.S. home sales ticked up two points in May to an annualized rate of 4.99 million sales, on a year-over-year basis sales remain off by 16 percent,…
California Unemployment: We’re Still The Best (But The Bloom Is Off)
The unemployment rate in California jumped 0.6 perentage point in May to 6.8%, “the largest one-month increase since the state began keeping records in 1976.” The San Fransciso MSA, however,…
Homebuilder Confidence Falls: From The Fringes To San Francisco?
A plugged-in reader reports (and posits): I was on a conference call today with the National Association of Home Builders (NAHB) CEO Jerry Howard and Chief Economist David Seiders where…
It Was Twenty Thirty Years Ago Today, Prop 13 Came Into Play…
It’s the 30th anniversary of Proposition 13. And if you don’t already have plans, UC Berkeley is holding a free all-day conference titled, “Proposition 13 at 30: The Political, Economic…
Preaching To The Choir: Fundamentals, Cash-Flow, Longer Horizon
They’re preaching to the SocketSite choir: fundamentals, cash-flow positive and a long-term horizon. The current challenge: finding those opportunities a bit closer to home (assuming you’re not reading from Vallejo).…
JustQuotes: Fewer Transfers Yields Fewer Dollars And Offsets Savings
“On Tuesday, the City Controller’s Office released a report that put shortfall for next fiscal year at approximately $305 million, $33 million less than what was projected a few weeks…
When Bulls Become Bears (AKA No Longer Working For The Realtors)
During his tenure as Chief Economist for the National Association of Realtors (NAR), David Lereah published the infamously titled “Why the Real Estate Boom Will Not Bust.” Since parting way…
February S&P/Case-Shiller: San Francisco MSA Decline Accelerates
According to the February 2008 S&P/Case-Shiller Home Price Index (pdf), single-family home prices in the San Francisco MSA fell 5.0% from January ’08 to February ’08 and are down 17.2%…