We’re Still Not Moving To Texas
Local Market Monitor, a real-estate market research provider, estimates that the San Francisco/Oakland real estate market is overvalued by 53%. “The level of over-valuation matters in three ways, according to…
Declining Sales (And Prices) In December
According to DataQuick and the Chronicle, Bay Area single-family home sales were down 15.5% compared to December 2004 and the median sales price dropped 3.5% as compared to November 2005.…
Broker’s Index Says…Buyers Market In Marin
Real estate broker Nate Sumner developed The MARKET HEAT Index™ to track “the intensity of buyer competition for listed residential properties.” The Index is derived by “adding the number of…
Soros Speaks
Last November we called the top of the San Francisco housing market. Two months later George Soros calls the top of the US housing bubble. “Soros said he believed the…
Ignorance Is Bliss (Until You lose Your House)
It looks like the two Davids are starting to plead ignorance with regard to the impact that investors (i.e. speculators and flippers) will have on the housing market. First David…
Not Exactly A “Soft Landing”
Billing itself as “by far the leading Real Estate News site on the Internet” (whatever), the Realty Times analyzes Robert Campbell’s November edition of The Campbell Real Estate Timing Newsletter:…
Hardly A Bunch Of Hacks
Thanks to The Housing Bubble 2 for alerting us to the following: Q: PIMCO is following the U.S. housing market very closely, forming a research team and sending people around…
Can You Say Speculative Bubble Froth?
“At the same time rental rates were dropping, we had housing prices totally skyrocketing”. Credit Andrew Zacks, a “San Francisco lawyer who handles Ellis Act evictions and other land use…
2006 California Housing Forecasts
Economic forecasts for 2006 are hitting the wire. With respect to 2006 housing prices, Wells Fargo is forecasting a 5.7% increase for Northern California, while FORTUNE is forecasting an anemic…
UCLA Anderson’s California Economic Forecast
The Chronicle highlights the most recent UCLA Anderson Forecast: 1. Slower job growth but no recession 2. Home prices flatten but don’t plunge 3. A change at the Fed adds…