Bottoming Out In 2009?
According to a study by Global Insight/National City, San Francisco has gone from being “fairly valued” in 2001 (well okay, 4.8% overvalued) to being overvalued by 40.8% in 2006. This…
Those Damn Fools
The Motley Fool pounces on the National Association of Realtors (NAR), the press, and housing as an “investment”: These are people who want us all to believe in housing as…
Harvard’s State Of The Nation’s Housing Report: 2006
Harvard released their annual “State of the Nation’s Housing” report this week. We haven’t had a chance to do anything other than skim the contents (current slowdown should be moderate;…
From Gain To Loss In Just Three Short Months?
This past March, Matt Lanning at the SFhomeBlog set out to demonstrate the “real-world” impact of rising mortgage interest rates on home values. As always, the devil is in the…
QuickLinks: Cause And Effect
∙ Fed Chief Raises Inflation Concern “Federal Reserve Chairman Ben S. Bernanke expressed more concern about rising inflation than the cooling U.S. economy yesterday, sending his strongest signal yet that…
OFHEO Reports 1.15% First Quarter Appreciation For San Francisco
The Office of Federal Housing Enterprise Oversight (OFHEO) released its first quarter House Price Index (HPI) and appreciation tables this morning. According to the OFHEO, “U.S. home prices were 12.54…
No Pop (But No Appreciation?)
While it’s an “old” speech (February ’06), it’s still a good one. Christopher Thornburg, senior economist at UCLA’s Anderson School of Management, offers his perspective on whether the recent cooling…
From Bull To Bear?
You could actually hear the collective nodding of heads when Christopher Mayer, an economics professor at Columbia University, referred to San Francisco as a “superstar” city and argued that “land…
Up Yet Down
CNNMoney reports that while the median sales price of a U.S. home is up over ten percent (10.3%) year-over-year, it dropped 3.3% during the first quarter of 2006. And based…
DataQuick Reports Part 2: The SocketSite Insight
Trying to predict the market is often considered a fools game, but we don’t see any reason to let that stop us. Two weeks ago we promised our commentary and…