San Francisco Recorded Sales Activity In December: Down 17.8% YOY
According to DataQuick, home sales volume in San Francisco fell 17.8% on a year-over-year basis last month (366 recorded sales in December ’08 versus 445 sales in December ‘07) but…
SocketSite’s San Francisco Listed Housing Update: 1/21/09
Inventory of Active listed single-family homes, condos, and TICs in San Francisco rose 6.1% over the past three weeks and is running 12.9% higher on a year-over-year basis (53% higher…
Marcus & Millichap San Francisco Rental Outlook (And Quick Rebuttal)
The Marcus & Millichap rental outlook for 2009 in San Francisco: rents up 3.3% on 400 new units in professionally managed apartment buildings with at least 20 units. Our comment…
JustQuotes: While Treasury Rates Drop, Risk Premiums Rose
“Thirty-year, fixed-rate mortgages averaged 4.96 percent last week, according to McLean, Virginia-based mortgage finance company Freddie Mac, or 2.64 percentage points more than 10-year Treasuries. Before the credit markets began…
Cash Flows Catch Up To The Lembi Group
Over the past two weeks 51 San Francisco apartment buildings which had been acquired by the Lembi Group were deeded back to the bank in lieu of foreclosure. The bundle…
One Rincon Hill (425 First Street): Rental Market Stumbling As Well?
Following in the footsteps of its “massive price reduction!!!” in December (originally asking $1,399,000, currently asking $999,900), the asking rent for 425 1st Street #1802 has been reduced to $4,200…
That TED Sure Is A Funny Fellow (And Worth Keeping An Eye On)
“The difference between the London interbank offered rate, or Libor, that banks say they charge each other for three-month loans in dollars and the yield on the three-month Treasury bill,…
Less Great Expectations: 3271 Baker Drops Its New Year Asking 24%
As we first wrote about 3271 Baker when it hit the market six months ago (and was staged a bit differently): While the stucco, tiles, wrought iron railings, doorways, beamed…
Pro Forma Problems: Find Commercial, Replace With Residential?
From J.K. Dineen at the San Francisco Business Times: Downtown San Francisco’s weakest year for commercial real estate since 2001 ended with a whimper, with the central business district losing…
San Francisco’s “2008 Luxury Tour” Scorecard To Date: No Sales
From ABC’s Nightline last night: “Herding the ‘White Elephants’: A look at how hard unloading a mega-mansion has become in today’s economy.” Shockers. At least to those who aren’t plugged-in…