Perhaps It Really Is Different Here In San Francisco…
From the New York Times: More than one in seven homeowners with loans in excess of a million dollars are seriously delinquent, according to data compiled for The New York…
Mortgage Rates Drop And Applications To Purchase…Do As Well
With mortgage rates down near to historic lows (now 4.57 percent for 30 year fixed), the volume of mortgage loan applications as measured by the Mortgage Bankers Association’s Market Composite…
Dow Ticks Back Over 10,000: Bull Rally Or Bear Trap?
The Dow closed the day at 10,018, it’s first close over 10,000 since closing under last week. The S&P closed the day at 1,060, up 3.1 percent for the day.…
Apartment Leasing Business Going To The Dogs Brokers In SF?
While a comparison of Craigslist listings over (rather than point in) time would be more compelling, a plugged-in reader with a rental unit in soma echos The Bay Citizen’s report…
Movement In The S&P 500 Versus Case-Shiller Since 1987
Sorry folks, but as noted, we screwed the proverbial pooch when we originally posted our reader’s S&P 500 versus Case-Shiller Index chart. Our greatest sin of which we do know…
Movements In The S&P 500 Versus San Francisco’s Case-Shiller Index
A plugged-in reader plots the past ten years of S&P performance versus the composite* Case-Shiller Index. Currently up 11 percent year-over-year, the S&P 500 has fallen 13.6 percent since the…
Pending Home Sales Plummet And The Markets React
The National Association of Realtors Pending Home Sales Index (“a forward-looking indicator”) fell 30 percent from April (110.9) to May (77.6). All seasonality and now stimulus aside, the index fell…
Back On Edinburgh (And In The Excelsior)
Since the sale of CBS’s infamous “42 offer home” at 555 Edinburgh closed escrow in April of 2009 for “24 percent over asking” (and calling a “real estate rebound“), the…
The Dow Drops Back Below 10,000. Yes, Skittish.
We’re back below 10,000 as the Dow closed the day at 9,870 without any so called “fat fingers” (which were never really) to blame. The S&P closed the day down…
April Case-Shiller Index: San Francisco MSA Up At Top But Down Below
According to the April 2010 S&P/Case-Shiller Home Price Index, single-family home prices in the San Francisco MSA rose 2.2% from March ’10 to April ’10, down 36.0% from a peak…