San Francisco Recorded Sales Activity In October: Up 33.6% YOY
According to DataQuick, recorded home sales volume in San Francisco jumped 33.6% on a year-over-year basis last month (553 recorded sales in October ’09 versus 414 sales in October ‘08)…
US (But Not DA) Prime And FHA Mortgage Defaults Climbing
While subprime adjustable-rate foreclosures starts dropped in the third quarter of 2009 (from 5.52 percent to 4.92 percent), both the number and pace of FHA backed and prime fixed-rate mortgage…
The “Unexpected” Drops Spread To U.S. Residential Construction
“Residential construction in the U.S. unexpectedly dropped in October amid concern a homebuyer tax credit would expire , illustrating the market’s dependence on government help to sustain a recovery as…
SocketSite’s San Francisco Listed Housing Inventory: 11/17/09
Inventory of Active listed single-family homes, condos, and TICs in San Francisco fell 4% over the past two weeks and is currently running 25% under 2008 levels on a year-over-year…
Plugged-In People Should Have Seen This One Coming A Year Away
“A report released Monday by the controller’s office shows that property tax revenues will likely be $35 million less than anticipated in the 2009-10 fiscal year that began July 1.…
Oh My (And Bank Owned) At The Odeon On O’Farrell
Purchased for $800,000 in December 2006, Odeon (181 O’Farrell) #508 was taken back by the bank. It’s been listed at $601,400, a sale at which would represent a 25 percent…
Average Tax Assessed Reduction Request Is 40% For 2009/10
Perhaps our reader’s 25.7% drop in assessed value for 2009/10 was actually low. From the Chronicle: Owners of more than 4,000 homes and commercial buildings have appealed to the city…
High-End Foreclosures Swimming Against A Slowing Low-End Stream
It’s a story on a trend that shouldn’t catch any truly plugged-in readers by surprise: foreclosures are heading upstream. And while the raw numbers remain relatively small as compared to…
U.S. Unemployment At 10.2 Percent, Five Tenths Above San Francisco
“The unemployment rate in the U.S. soared to a 26-year high of 10.2 percent in October and employers cut more jobs than forecast, underscoring why Federal Reserve policy makers say…
Medians Are Up, But Don’t Confuse That With Increasing “Prices”
SFGate recently ran a bit called “Is the bubble back?” highlighting a “creeping” median sales price from August to September in San Francisco as evidence of increasing prices and a…