JustQuotes: Jumbo Premiums For Jumbo Loans
“The average 30-year fixed jumbo loan rate was 7.32 percent on Dec. 22, compared with 5.38 percent for a conforming loan, according to BanxQuote of White Plains, New York. The…
JustQuotes: Forget The Hopes, It’s Time For Prayer
“Sales of single-family houses in the U.S. dropped in November by the most in two decades and resale prices collapsed at a pace reminiscent of the Great Depression, dashing hopes…
Some “Older Folks” (His Words, Not Ours) Perspective On The Market
Some excerpted perspective from an older experienced plugged-in reader: Us older folks (48 years myself) have seen this all before. I sold my second home in Santa Monica in 1990…
Perhaps It’s The Market That’s More Unbelievable To Some…
Purchased for $1,600,000 a year ago when they were asking $1,675,000, 214 Arguello Boulevard returned to the market nine months later (September 2008) asking $1,595,000. The list price was lowered…
Doesn’t Everybody Want To Work Here? (Class A Rents Plunge)
“A new Colliers International report found weighted average rents in the financial district dropped from $56.17 to $41.34 a square foot during the , a 26.4 percent decline. Across the…
San Francisco Recorded Sales Activity In November: Down 29% YOY
According to DataQuick, home sales volume in San Francisco fell 29.0% on a year-over-year basis last month (340 recorded sales in November ’08 versus 479 sales in November ‘07) and…
1018-1020 Pine Street: Eight Contemporary Condos Apartments
As we wrote three months ago: As far as we know, 1018-1020 Pine Street is slated to be eight units (condos) with seven (possibly eight) parking spaces. In terms of…
QuickLinks: Lower Rates Will Save San Francisco! Oh, Wait A Minute…
∙ The FOMC Speaks (And Not In Tongues): It Ain’t Pretty Out There ∙ U.S. Stocks Fall on Concern Fed Is Running Out of Ammunition ∙ Banks Show No Signs…
Back To The Future Past (And Then Some) For Marquee Building #403
Purchased for $551,000 in May of 2005, 151 Alice B. Toklas Place #403 returned to the market in August of 2008 asking $599,000, a sale at which would have represented…
The FOMC Speaks (And Not In Tongues): It Ain’t Pretty Out There
“The Federal Open Market Committee decided today to establish a target range for the federal funds rate of 0 to 1/4 percent. Since the Committee’s last meeting, labor market conditions…