San Francisco real estate tips, trends and the local scoop: "Plug In" to SocketSite™
“FBR Research said on Wednesday that $150 billion to $250 billion of permanent capital is needed to normalize pricing in the depressed market for mortgage-backed securities. However, in a note…
“Some lawmakers are calling on Congress to stimulate the moribund jumbo-loan market by letting Fannie Mae and Freddie Mac purchase substantially larger loans on homes in high-cost metro areas.” “As…
“Stocks soared Friday, propelling the Dow Jones industrials up more than 180 points, after the Federal Reserve, acknowledging that the stock market’s plunge posed a threat to the economy, slashed…
“As we have previously discussed, secondary market demand for non-agency mortgage-backed securities has been disrupted in recent weeks,” said President and Chief Operating Officer. “Along with reduced liquidity in the…
According to DataQuick, the median sales price for existing homes in San Francisco was $799,000 last month, up 3.1% compared to a revised July ’06 ($775,000) but down 3.2% compared…
While running 9.2% below 2006 levels, listed housing inventory in San Francisco increased 4.2% over the past two weeks as new listings outpaced new sales in San Francisco in a…
While credit concerns once again rocked the equities market (“All the things that had been denied up until this point are unraveling. On top of this, retail sales were mediocre,…
“Kurt Herrenbruck, a mortgage planner with Fishman Financial Group in Berkeley, saw one client’s financing evaporate in the space of three days last week. “The client is well-heeled, with (a…
What had seemed like a contained problem, involving home loans to people with poor credit, has suddenly mushroomed into a rout that threatens to make life difficult for everyone who…
From a tipster: “On Wednesday, August 8, visit the Heritage on Fillmore to discover how to get your clients 2 years paid HOA Dues or $11,000 toward upgrades with the…