JustQuotes: Apparently They’re Building More Land In Contra Costa
“Anybody who could breathe got a loan,” said. “They had low entry rates and financed to the max. Everyone was betting the market would continue to increase so they could…
From Rumor To Reality: Up To 12,000 Layoffs At Countrywide
It was two days ago that “ex SF-er” commented: “Rumor alert: Countrywide may be laying off 6,000 to 10,000 employees.” And it was but less than two hours ago that…
JustQuotes: Yesterday’s News But Still Worth A Mention Today
“Lehman, the biggest underwriter of U.S. bonds backed by home loans, and National City, Ohio’s largest bank, announced the dismissals less than a day after 900 people were cut by…
JustQuotes: NAR’s National Pending Home Sales Index Plunges
“The National Association of Realtors’ index for pending sales of existing homes decreased at a seasonally adjusted annual rate of 12.2% to 89.9 in July from June’s 102.4, the industry…
San Francisco Listed Housing Inventory Update: 9/04/07
Listed housing inventory in San Francisco dipped slightly (4.5%) over the past two weeks in a typical pre-Labor Day slowdown and is currently running just 3.1% (or 36 listings) below…
OFHEO: U.S. House Prices Don’t Fall (But Do In CA And The SF MSA)
The good news: according to the OFHEO, home prices in the United States increased 3.19% year over year in the second quarter of 2007 (many had predicted a historic drop).…
San Francisco Household Incomes Up In 2006
According to the latest U.S. Census Bureau survey, household incomes in San Francisco are indeed up. In 2006 the median household income in San Francisco was $65,497 (up 13.9% over…
They’re Back In The Saddle Again (And With More Frequency)
It’s really nothing new. Properties fall out of escrow (and are reduced) all the time. We does appear to be new, however, is the relative frequency with which it is…
June S&P/Case-Shiller Index: San Francisco MSA Mimics U.S. Decline
According to the May 2007 S&P/Case-Shiller index (pdf), single-family home prices in the San Francisco MSA slipped 4.0% year-over-year and fell 0.7% from May ’07 to June ’07. For the…
A Few Points From A Local Mortgage Banker (No, Not “Blogger”)
Julian Hebron, mortgage banker and branch manager for the San Rafael office of Residential Pacific Mortgage, submits a copy of his most recent MarketWeek report (“Ride The Storm“) for review.…