San Francisco real estate tips, trends and the local scoop: "Plug In" to SocketSite™
Remember that little comment we made a few weeks ago regarding increased prepayment risk associated with increasing conforming loan limits? From the Securities Industry and Financial Markets Association (SIFMA) on…
The conclusion from the California Budget Project’s ominously titled “Locked Out 2008: The Housing Boom and Beyond” report: California’s home sales and prices boomed in recent years, driven in part…
President Bush is expected to sign the economic stimulus bill this afternoon which will likely raise the conforming loan limit in San Francisco to $729,750 (at least “temporarily”). Don’t expect…
“The Federal Reserve’s interest-rate cuts last month have failed to lower borrowing costs for many companies and households, increasing the chance of further reductions from the central bank. Companies are…
As a plugged-in reader notes, while the House has approved a “Stimulus Plan” which includes the much ballyhooed increase in conforming loan limits for California, the Senate is advancing a…
“The Federal Reserve lowered its benchmark interest rate by half a point to 3 percent, the second cut in nine days, and indicated its willingness to do so again to…
“Purchases of new homes in the U.S. fell to a 12-year low in December , capping the biggest annual decline on record. Sales decreased 4.7 percent to an annual pace…
“Sales of existing homes in the U.S. fell more than forecast in December, capping the biggest yearly slump in more than a generation. Purchases fell 2.2 percent to an annual…
Twelve weeks ago the Federal Reserve cut the benchmark interest rate by 25 basis points (0.25%) and signaled that further cuts were unlikely. Six weeks ago they cut again by…
There’s no doubt Bay Area average rents are up. And while we wouldn’t be surprised to see another 10-15% increase in 2008 (at least for San Francisco proper), keep in…