The SocketSite cross-industry scoop last week: You probably won’t read about it in the Chronicle, but the scoop according to a plugged-in source is that the San Francisco Examiner is a week away from announcing the free publication of weekend open house ads through a deal with the San... Read More »
“Starting July 2, California homeowners who think the market value of their home as of Jan. 1, 2009, is less than its assessed value for 2009-10 can ask their assessor to revise it downward. Because property taxes are based on the assessed value, a successful appeal will temporarily reduce... Read More »
It was almost two years ago that a reader first wondered about the renovation of twelve units up at 415 Carl. And it was about six months later that they first hit the market. Asking $489,000 in January of 2008, the list price for 415 Carl has been reduced... Read More »
The official guidelines for President Obama’s $75 billion homeowner rescue plan: Home Affordable Modification Program Guidelines (pdf). We’ll note the high-cost loan limits for qualifying loans (up to $729,750 for single units); that homes must be owner occupied and a verified primary residence; and income, asset and hardship screens... Read More »
2009 FHA loan limits were released on Wednesday. The limits for high-cost San Francisco: one-family – $729,750; two-family – $934,200; three-family – $1,129,250; four-family – $1,402,400. ∙ FHA Mortgage Limits Read More »
According to the newly released S&P/Case-Shiller Condo Price Index, condo values in the San Francisco MSA fell 3.3% from August ’08 to September ’08, are down 15.0% on a year-over-year basis, have fallen 17.2% from a high in October 2005, and have dipped below levels last seen in October... Read More »
While we do like the mention of “new concrete foundation, electrical, plumbing and heating” (and the bonus rooms), we’re not particularly keen on the lack of any recent permit history (not to mention the “Hazardous Building” complaint) online. And unfortunately (for more than one party), it is a trust... Read More »
“San Francisco homeowners are flooding City Hall with so many requests to reduce their property values that the tax assessor said today his office may not be able to meet the demand. So far, Assessor-Recorder Phil Ting’s office has received about 1,000 requests for informal reevaluations – three times... Read More »
From a plugged-in reader: A few weeks back I received my 30 day notice to close escrow on my unit at Arterra. I believe I will be one of the first people to close in late July. More important in a week or so I will do going through... Read More »
Well, while a plugged-in tipster directed us to the site last week (cheers), another plugged-in reader steals a bit of our thunder and forces a pre-analysis publication by pointing it out this afternoon (yes, cheers as well). It’s the Federal Reserve’s “Dynamic Maps of Nonprime Mortgage Conditions in the... Read More »
“Yes agreed. But I think both those old curmudgeons have retired to Florida where they are from with ...” [more]
“I re-rented 2 units out recently, wasn’t hard. But I didn’t have a sign out front so wouldn’t...” [more]
“I am not in real estate, but I keep a quarterly report of all my assets, including estimate of my ho...” [more]
“You should take the 49 after the Opera lets out on a weeknight, you might be surprised....” [more]
“UPDATE: As projected, Benchmark Mortgage Rate Ticks Down but Holding at Over 6%...” [more]
“Its a reckoning for the SF market. If under-utilized space is included maybe 35% vacancy?...” [more]
“What are all y'all talking about. They did it in black and white. That's the thing, right? ;)...” [more]
“then i would argue for lessening the degree of increase. would prefer .125% increases as opposed to...” [more]
“Once again, “while the net number of homes on the market in San Francisco (i.e., inventory) is cur...” [more]
“And we're still 4M abobe 1800!! But I'd def like to see more discussuion on this point Which obvio...” [more]