Reading Between The C.A.R. Lines

According to the California Association of Realtors, the median sales price of a San Francisco Bay Area home increased 1.8% from May to June. At the same time, C.A.R. reports that the affordability index (i.e. percentage of households that can afford a median priced home) in San Francisco County... Read More »

A Clue From Down Under?

A Clue From Down Under?

Ever been to Sydney, Australia? It’s beautiful on-the-bay living in a geographically constrained, internationally desirable, and damn expensive city. Sound familiar? So when JPMorgan goes on record stating that house prices in Sydney are overvalued by 37%, and due for a correction, we sit up and take notice. For... Read More »

We’re Raising The “Bubble Alert” Level To Yellow

We’re wishing we hadn’t already used-up our “An ARM (And Quite Possibly A Leg)” headline. Considering how alarmed we’ve been with the explosion of ARM financing, we’re down right terrified with the adoption of “option ARMs”. A couple of excerpts from today’s WSJ article “Sore ARMs? A Peek Inside... Read More »

Survey Says…

We need a bigger audience. SocketSite’s first “Highly Scientific Real Estate Survey” garnered slightly fewer responses than we hoped (well okay, a lot fewer). Considering we’re tracking around 10,000 views a month, and doubling every 30 days, you’d think that we might get a little more love participation from... Read More »

Three New Developments Around Town

Three new condo developments are on our radar screen and we’re looking for some insight to share. Has anyone researched, toured, or bought any of these units? (email tips@socketsite.com) · 69 Clementina · 175 Bluxome · Sierra Heights Read More »

Can You Feel The Love?

A group of bloggers (the “Blog Squad“) have organized to provide coverage of the National Association of Realtors (NAR) convention in San Francisco this October. According to Inman News, the ringleader of the group has obtained NAR permission for bloggers to attend the press briefings, but has been unsuccessful... Read More »

Euro Subterfuge

We’re tired of hearing it: “Compared to London or Paris, San Francisco looks cheap to the Europeans. Especially with the strength of the Euro.” All the while the London market seems to be tanking, and according to the Economist, “Investors from outside North America bought $8.6 billion-worth of real... Read More »

Opinion Survey: Last Chance

Have an opinion about where the San Francisco real estate market is headed over the next two years? Willing to challenge the “Industry Experts”? Today’s your last chance to take SocketSite’s Highly Scientific Real Estate Survey (a whopping four multiple choice questions). Come on people, every vote opinion counts.... Read More »

We’re Tired of Being Number One

Once again the San Francisco Bay Area ranks number one in the state. According to the California Association or Realtors (C.A.R.), the average San Francisco Bay Area household income falls $102,230 short of the qualifying annual income ($170,370) required to purchase a local median-priced home (the highest gap in... Read More »

Update: Hotel Condo Conversions

Instead of an outright ban on condo conversions for hotels with over 50 rooms, Supervisor Peskin has agreed to amend his legislative proposal to create an 18-month ban on condo conversions for “tourist” hotels of 100+ rooms. Guess we won’t be moving to the Fairmont anytime soon. “This compromise... Read More »