May S&P/Case-Shiller Index: San Francisco MSA Continues Decline
According to the May 2007 S&P/Case-Shiller index (pdf), single-family home prices in the San Francisco MSA slipped 3.4% year-over-year and fell 0.3% from April ’07 to May ’07. For the…
San Francisco Notices Of Default/Foreclosures Are Way Up (Sort Of)
We’re just going to pretty much parrot what we wrote three months ago: While a 102.4% year-over-year increase in San Francisco Q2 “Notice of Default” activity sounds quite dramatic, in…
A Little Mix Here, A Little Mix There, Here A Mix, There A Mix…
It might be yesterday’s (or even last month’s) news that the upper-end of the market has remained relatively strong (and not only in San Francisco). And we won’t disagree (other…
NAR’s New New National Forecast (Yes, Another Little Cut)
For the fourth fifth time (in as many months) the National Association of Realtors has revised their forecast for the performance of residential real estate in the U.S. “ now…
JustQuotes: When (Not If) Rates Rise What Will Happen To Prices?
“Buyers are finding it more difficult to finance purchases because of higher mortgage rates and stricter lending standards, Freddie Mac said. The average U.S. rate for a 30-year fixed rate…
JustQuotes (And A Note): And Yet Money Is Still Relatively Cheap
“The average rate on 30-year fixed-rate loans climbed to 6.74 percent for the week ending June 14, from 6.53 percent the previous week. That marked the biggest one-week increase since…
JustQuotes: One We Couldn’t Resist And Another We Shouldn’t
“You’re safer taking a ride with Lindsay Lohan than being in homebuilder stocks,” said David Lichtenstein, chief executive officer of Lightstone Group LLC in Lakewood, New Jersey, which owns malls…
What’s The Treasury Got To Do With It? (Quite A Bit)
As the 10-year treasury goes, so do mortgages. And as the 10-treasury yield has been pushing higher, so have mortgage rates. The average U.S. 30-year fixed mortgage rate was at…
Whoops, They Did It Again (NAR Revises National Forecast Once More)
The National Association of Realtors (NAR) has now lowered expectations for their 2007 national housing forecast for the third time. The newly revised forecast calls for a 4.6% decline in…
March S&P/Case-Shiller Index: Mixed Results For San Francisco MSA
According to the March 2007 S&P/Case-Shiller index (pdf), single-family home prices in the San Francisco MSA slipped 2.3% year-over-year but gained 0.1% from February ’07 to March ’07 (the first…