Local Housing Developer AF Evans Files For Bankruptcy Protection
In what’s likely not to be good news for the development of 55 Laguna (at the very least with regard to timing), Oakland based developer AF Evans has filed for…
Unemployment In The San Francisco MSA Ticks Up To 7.5%
From the Chronicle: California officials say unemployment rates in the Bay Area jumped in January, reaching 9.4 percent in the San Jose area, 9.2 percent in the East Bay and…
Cognitive Listing Dissonance At The Watermark (501 Beale #14D)
Originally listed as a Watermark resale for $1,585,000 last July, from a listing later last year: “Views Galore 501 Beale #14D Offered at $1,499,000 Extraordinary price reduction!” From a listing…
Beige Book Results: Economic Conditions Continue To Deteriorate
From the latest Federal Reserve regional business survey (a.k.a. The Beige Book): Reports from the twelve Federal Reserve Districts suggest that national economic conditions deteriorated further during the reporting period…
U.S. Pending Home Resales Drop 7.7% In January, December Revised
The National Association of Realtors reports a 7.7% January drop in U.S. pending home resales and has revised their originally reported 6.3% gain in December down to 4.8%. “There are…
Early February Listed Sales Count For San Francisco: Down 35-40%
A plugged-in reader provides the early 2009 count and year-over-year six year history for February sales of single-family homes, condos and TICs in San Francisco. Expect the final count for…
Buffet Calls Shenanigans Shambles (And The Dow Dips Below 7,000)
The Dow Jones Industrial Average has fallen below 7,000 for the first time since 1997 and Warren Buffet has eloquently predicted our economy will remain in “shambles” throughout 2009 (and…
SocketSite’s San Francisco Listed Housing Update: 3/02/09
Inventory of Active listed single-family homes, condos, and TICs in San Francisco rose a nominal 1.1% over the past two weeks (versus an average of 6.6% for the same two…
Downward Revisions: They’re Not Just For NAR These Days
“ contracted at a 6.2 percent annual pace from October through December, more than economists anticipated and the most since 1982, according to revised figures from the Commerce Department today…
December S&P/Case-Shiller: San Francisco MSA Ends ’08 Down 31%
According to the December 2008 S&P/Case-Shiller Home Price Index (pdf), single-family home prices in the San Francisco MSA fell 3.8% from November ’08 to December ’08 and fell 31.2% year-over-year.…