San Francisco real estate tips, trends and the local scoop: "Plug In" to SocketSite™
“Last week, applications by homeowners looking to refinance their mortgages spiked 88 percent, according to the Mortgage Bankers Association. Refinances accounted for nearly 52 percent of all application activity, up…
“The overnight Libor rate in U.S. dollars soared 3.33 percentage points to 6.44 percent today, its biggest jump in at least seven years….The one-week rate rose by more than a…
As expected, inventory of Active listed single-family homes, condos, and TICs in San Francisco jumped over the past two weeks (15.5% versus an average of 25.8% for the same two…
As we wrote last year, “Forget Subprime In San Francisco, But How About Alt-A?” And from Bloomberg today: About 3 million U.S. borrowers have Alt-A mortgages totaling $1 trillion, compared…
The National Association of Realtors’ index for pending U.S. home resales fell 3.2% in July (10.6% in the West). The pending resales report is considered a leading indicator because it…
According to the latest report from the Mortgage Bankers Association, the pace of new U.S. home foreclosures “increased to 1.19 percent, rising above 1 percent for the first time in…
“San Francisco’s job market is weakening, being buoyed by ongoing strength in the tourism industry, according to The City’s monthly economic barometer.” “The monthly economic report also states that The…
∙ Some Extra Bread To Go With That Cake At 2090 Vallejo ∙ Mansion Price Drops $7 Million; Bentley Offered on Luxury Homes ∙ Not The Best “Investment” For Agassi…
As expected, inventory of Active listed single-family homes, condos, and TICs in San Francisco fell 3.7% over the past two weeks (versus an average of 7.5% over the prior two…
According to the June 2008 S&P/Case-Shiller Home Price Index (pdf), single-family home prices in the San Francisco MSA fell 1.8% from May ’08 to June ’08 and are down 23.7%…