Actual San Francisco Foreclosures Up 36% QOQ (191% YOY)
Bay Area Notices of Default (NODs) increased 44% on a year-over-year basis in the third quarter of 2008, up 40% in San Francisco proper (from 252 to 353). And while…
San Francisco Recorded Sales Activity In September: Down 2.3% YOY
According to DataQuick, home sales volume in San Francisco fell 2.3% on a year-over-year basis last month (458 recorded sales in September ’08 versus 469 sales in September ‘07) and…
U.S. Single-Family Housing Starts Fall While Multifamily Starts Rise
U.S. Single-family housing starts in September fell 12 percent to their lowest level in 26 years while multifamily home starts (which includes apartment buildings) climbed 7.5 percent from month prior.…
Developers In San Francisco Getting Squeezed From Both Sides
Last week we surfaced the issue of construction loan covenants putting pressure on developers to sell, this week the mortgage lenders get into the act. From the Mark Company by…
Jumbo-Conforming Loans Going, Going, And Almost Gone
A good reminder from Julian Hebron at Residential Pacific Mortgage: Be advised that super-conforming loans up to $729k will be gone as of December 31. Those loans have to fund,…
California Association of Realtors’ 2009 Forecast (And Perhaps Folly)
If the California Association of Realtors’ 2009 forecast is accurate, the median sales price of a home in California will decline by 6 percent in 2009 while sales volume will…
While Seasonality Is In Effect, That’s Not What This Is About
As we wrote two weeks ago: …based on our calculations, the number of new contracts written for listed properties in the fourth week of September was down roughly 25% as…
SocketSite’s San Francisco Listed Housing Update: 10/13/08
Inventory of Active listed single-family homes, condos, and TICs in San Francisco continued to climb over the past two weeks, is flirting with the 1,800 units mark, and is currently…
Sequoia’s Take On The New New (And Quite Local) Economy
It’s not the kind of image on which we typically like to end the week, but In the words of a plugged-in tipster: Know this is a bit off topic,…
The Graphic To Go With The 2008 Granted Reductions
As a plugged-in reader points out, the Chronicle’s graphic (and story) to accompany the tax assessor’s 2008 granted reductions above, and and the stories of a number of plugged-in readers…