San Francisco real estate tips, trends and the local scoop: "Plug In" to SocketSite™
“At this time Wells Fargo…is no longer accepting Alt-A loans. Period. I also have CONFIRMATION that IndyMac is also tightening significantly: http://www.theimbreport.com. I have UNCONFIRMED reports that WaMu, BofA, and…
According to the May 2007 S&P/Case-Shiller index (pdf), single-family home prices in the San Francisco MSA slipped 3.4% year-over-year and fell 0.3% from April ’07 to May ’07. For the…
Housing inventory in San Francisco has moved from a typical post-Memorial Day bump, to a typical pre-Labor Day slowdown as the number of Active listings in San Francisco dropped 1.6%…
SocketSite has never been about schadenfreude. At the same time, we’ve never shied away from asking and addressing the tough (and sometimes uncomfortable) questions. And yes, there are often lessons…
We’re just going to pretty much parrot what we wrote three months ago: While a 102.4% year-over-year increase in San Francisco Q2 “Notice of Default” activity sounds quite dramatic, in…
Twenty (20) months ago 2760 Sacramento #3 was purchased for $827,000. Two months ago it was listed for sale at $849,000. And three days ago it closed escrow with a…
It’s a double parking whammy as underutilized downtown surface area parking lots are replaced by new housing developments with more people than parking spaces. “Parking demand in San Francisco is…
Once again, if you’re truly plugged-in you’re already familiar with SocketSite’s Complete Inventory Index (Cii) for San Francisco. But if you’re not: The goal of the Cii (pronounced “see”; we’re…
According to DataQuick, the median sales price for existing homes in San Francisco was $825,000 last month, up 4.4% compared to a revised June ’06 ($790,000) but down 1.2% compared…
While sales volume of single family homes, condos and TICs in San Francisco was running ~11% below 2006 levels in May, listed housing inventory is currently down ~18% on a…