Pace Of U.S. Existing Home Sales Up (MOM) But Still Off (YOY)
The pace of U.S. previously owned homes rose 3.1% in July to an annual rate of 5 million homes as the median price fell $16,200 (7%) on a year-over-year basis,…
Mortgage Modifications: Short-Term Solution To Long-Term Problem?
The intended impact of lowering mortgage interest rates for IndyMac borrowers who are currently delinquent: “We hope to keep tens of thousands of troubled borrowers in their homes and avoid…
San Francisco Affordability: Is C.A.R.’s New Reality Already Old?
According to the California Association of Realtors and their First Time Buyer Housing Affordability Index, 23% of San Francisco households can currently afford to purchase a home priced at 85%…
San Francisco Recorded Sales Activity In July: Up 8.0% YOY
According to DataQuick, home sales volume in San Francisco rose 8.0% on a year-over-year basis last month (609 recorded sales in July ’08 versus 564 sales in July ‘07) and…
SocketSite’s San Francisco Listed Housing Inventory Update: 8/18/08
Inventory of Active listed single-family homes, condos, and TICs in San Francisco fell 4.3% over the past two weeks (which is typical in the weeks leading up to Labor day)…
San Francisco Landlord Foreclosures: Tenant PSA And Growing Trend
“State and local laws prohibit landlords from evicting tenants or shutting off utilities , but not all renters are aware of the rules, and not all of the entities that…
U.S. Home Resale Rate Falls To Ten Year Low (Again)
From Bloomberg last month: Sales of previously owned U.S. homes fell in June to the lowest level in a decade as tumbling real- estate prices and consumer confidence signal no…
JustQuotes: It’s Time To Make Some Property Tax Lemonade
“San Francisco homeowners are flooding City Hall with so many requests to reduce their property values that the tax assessor said today his office may not be able to meet…
It’s A Good Thing It’s Simply A Subprime (And District 10) Problem…
“Yields on mortgage securities guaranteed by Fannie Mae rose this week to about their highest relative to Treasuries since March amid concern that defaults are spreading to prime and Alt-A…
A Noe Valley/Glen Park Apple In The Making And Neighborhood Inquiry
Purchased for $1,150,000 in September of 2005, a sale of 254 30th Street at the current asking price ($1,250,000) would represent average annual appreciation of 2.9% over the past three…