San Francisco real estate tips, trends and the local scoop: "Plug In" to SocketSite™
Call it anything but altruistic, but Bank of America has announced a new focus on principal forgiveness – versus interest rate reductions – for its portfolio of highest risk loans.…
“Sales of new homes in the U.S. unexpectedly fell in February to a record low as blizzards, unemployment and foreclosures depressed the market.” “urchases dropped in three of four U.S.…
While a standard seasonality bump from January to February should be kicking up the pace of existing U.S. home sales, “purchases dropped 0.6 percent to a 5.02 million annual rate”…
According to DataQuick, recorded home sales volume in San Francisco was up 20.2% on a year-over-year basis last month (327 recorded sales in February ’10 versus 272 sales in February…
Plugged-in people should have seen this coming (others simply scoffed at our noting reductions on BMR re-sales and comparisons of bank-owned and BMR price points). From the Examiner today: Purchasing…
Preliminary January labor force data counts for San Francisco, Marin and San Mateo counties puts the unemployment rate at 10.3%, 8.9% and 9.7% respectively, up 1.0 percentage points in San…
Inventory of Active listed single-family homes, condos, and TICs in San Francisco climbed 11% over the past two weeks versus an average of 5% for the same two weeks over…
From a local agent’s recent email blast: The market has been down for so long that the inventory has dwindled…too many shoppers for too few homes…because prospective sellers have been…
“In California’s Napa Valley, producer of the most expensive U.S. wines, 2010 may be a vintage year for foreclosures as the industry is squeezed by falling land values and a…
From the Chronicle: In the Bay Area, First American shows the Vallejo-Fairfield metropolitan market (essentially Solano County) with 61 percent of mortgage holders underwater. The next-highest concentration – but the…