Govenor Schwarzenegger Signs The Perata Mortgage Relief Bill
California SB 1137 (a.k.a. the Perata Mortgage Relief Bill) has been signed into law. The bill will require lenders to “begin contacting homeowners at least 30 days before issuing a…
JustQuotes: Even The “Luxury Buyers” Have Started Spending Less…
“One of the last holdouts in consumer spending — luxury-goods purchases — may be collapsing under the weight of a sluggish and potentially contracting U.S. economy.” ∙ Saks Tailspin Indicates…
Permits And Plans In Place (For The House, Not The Buyers Sellers)
From the new listing for 235 Broderick: Sellers purchased 3 months ago with intent to gut and remodel and now their plans have changed. House has been partially gutted to…
Alt-A Powerhouse IndyMac Takes A Step Closer To IndyDependance
As another plugged-in reader noted yesterday, IndyMac – second only to Countrywide in terms of indypendent U.S. mortgage lenders last year – has effectively stopped originating new home loans citing…
It’s Time For Another Industry Report Asterisk (2100 Vallejo Edition)
On Sunday the listing for 2100 Vallejo “expired” along with its 214 days on the market (DOM), original list price of $25,000,000, and subsequent $2,000,000 reduction. On Monday, however, a…
JustQuotes: A Proposed Retrofit Carrot For Soft-Story Building Owners
“ Newsom said he would introduce legislation at the Board of Supervisors meeting aimed at expediting the review of retrofit permits sought by owners of soft-story buildings and waive the…
Spanish/Mediterranean Flair From Traditional To Modern: 3271 Baker
While the stucco, tiles, wrought iron railings, doorways, beamed ceilings and wooden trim of both the overhauled façade and second floor of 3271 Baker Street are all true to the…
JustQuotes: You Had Better Watch Your Fannie (As Well As Freddie)
“Freddie Mac and Fannie Mae plunged in New York trading and their credit-default swaps rose as concerns grew the two largest U.S. mortgage-finance companies may need to raise more capital…
Foreclosure Activity In San Francisco As Mapped By Trulia: 7/07/08
Over the past five months the number of San Francisco properties in some stage of foreclosure as mapped by Trulia has increased from 409 to 782, and is up from…
Newish Construction In Noe: Three TICs At 1278-1282 Church Street
We’re not completely sold on the “height of modern luxury” remodel of 1278-1282 Church Street, although we very much like the light and lots of the wood. And say what…