Local Housing Developer AF Evans Files For Bankruptcy Protection
In what’s likely not to be good news for the development of 55 Laguna (at the very least with regard to timing), Oakland based developer AF Evans has filed for…
Can’t Sell? Raffle! 1240 5th Avenue: The “San Francisco Dream House”
On the market for $2,389,000 this past September, reduced $2,280,000 in November, and then withdrawn without a sale, the newly constructed duplex at 1240 5th Avenue is now being billed…
Unemployment In The San Francisco MSA Ticks Up To 7.5%
From the Chronicle: California officials say unemployment rates in the Bay Area jumped in January, reaching 9.4 percent in the San Jose area, 9.2 percent in the East Bay and…
You’ve Gotta Have Shouldn’t Have Had Faith? (110 Faith Street)
It was a Bernal Heights “neighborhood comp” at $720,000 back in October of 2005. And we’re pretty sure its challenging location hasn’t suddenly changed since. Back on the market as…
JustQuotes: Now About That Ferrari Index For San Francisco…
“Conventional wisdom has it that premium manufacturers do better in a downturn because people with more money can weather the storm,” said Michael Tyndall, an automotive specialist with Nomura in…
Cognitive Listing Dissonance At The Watermark (501 Beale #14D)
Originally listed as a Watermark resale for $1,585,000 last July, from a listing later last year: “Views Galore 501 Beale #14D Offered at $1,499,000 Extraordinary price reduction!” From a listing…
550 18th Street Unwrapped (And 35 New Condos Now Renting)
A plugged-in tipster captures the recently unwrapped 550 18th Street. That’s thirty-five (35) new two and three bedroom Mission Bay condos ranging from 1,200 to 1,500 square feet, and currently…
Beige Book Results: Economic Conditions Continue To Deteriorate
From the latest Federal Reserve regional business survey (a.k.a. The Beige Book): Reports from the twelve Federal Reserve Districts suggest that national economic conditions deteriorated further during the reporting period…
A Noe Valley Border Apple Closes Escrow: 695 Grand View Ave #101
The short sale of 695 Grand View Avenue #101 closed escrow on 3/3/09 with a reported contract price of $435,000. That’s 9% over its last asking ($399,000) but 11% under…
JustQuotes: Profiting From (Their Own) Poor Underwriting Skills
“Stanford L. Kurland, Countrywide’s former president, and his team have been buying up delinquent home mortgages that the government took over from other failed banks, sometimes for pennies on the…