Silver Lining: The Cost Of Mortgage Money Drops
“Mortgage rates for 30-year loans in the U.S. declined to a nine-month low as concern grew that the nation’s economy is slowing. The average rate for a 30-year fixed loan…
Big Swinging…S&P
From an inauspicious 11,444 close on Friday, the Dow Jones Industrial Average fell to 10,809 on Monday, bounced to 11,239 on Tuesday, and closed today at 10,719.94, down 500 points.…
Numerology Nuts (And Everyone Else) Take Note
While the number eight is lucky, the number four is death, and on Friday the Dow Jones Industrial Average closed the day at a rather inauspicious 11,444. Today, the Dow…
Make That 75 Percent
From the New York Times today: Even with the sharp drop in stocks over the last week, the Dow Jones is up about 80 percent from its low in March…
Red Rover, Red Rover, Send The Economic Recovery Back Over
“Federal Reserve policy makers may start weighing additional steps to prop up the recovery after growth fell below 1 percent in the first half of this year and economists began…
U.S. New Home Sales: Up 1.6% Year-Over-Year In June
The seasonally adjusted annual pace of new single-family home sales in the U.S. fell to 312,000 in June, down 1.0 percent from a revised rate of 315,000 in April but…
May S&P/Case-Shiller San Francisco: Seasonality Or Solid Trend?
According to the May 2011 S&P/Case-Shiller Home Price Index, single-family home prices in the San Francisco MSA increased 1.8% from April ’11 to May ’11, down 38.4% from a peak…
The Manhattanization Hotelization Of San Francisco
“We call it the ‘hotelization’ of San Francisco,” said. “Seniors, families and low-income tenants are being pushed out. We have to fight for every affordable unit.” ∙ Conversion of Apartments…
San Francisco Property Tax Roll Up 1.3 Percent Year-Over-Year
According to Assessor-Recorder Phil Ting, the City and County of San Francisco’s property roll value grew by 1.3 percent over the past fiscal year to $163 billion. The commercial versus…
Existing U.S. Home Sales Pace Down 8.8% Year-Over-Year In June
The pace of seasonally adjusted existing-home sales in the U.S. fell 0.8 percent from 4.81 million in May to a 4.77 million pace in June, down 8.8 percent on a…