Where Would It Appraise Today? (And What’s That Really Mean?)
It was over two months ago that 350 Broderick #209 was “Appraised at $717,000” and identified as a “Rare opportunity won’t last.” And it was yesterday (after 66 days on…
The Infinity: The “Official” Dates And Update (8/24/07)
The “official” range of dates for The Infinity’s first close of escrow: Q1 2008; the first release of inventory in the second tower: Q3 2008 (although some swear they’ve been…
Making Lemonade (Incentives) Over At Citrino (566 South Van Ness)
It was earlier this month that a tipster first noted a few price reductions for condos at Citrino (566 South Van Ness). And three weeks later, it appears that incentives…
JustQuotes: New Home Sales – A Real Recovery Or A Red Herring?
“U.S. stocks rose after new home sales and durable goods orders topped economists’ forecasts in July, spurring speculation the economy can weather losses in credit markets.” “We don’t see a…
JustQuotes: Why Listen To This Guy About The Housing Market?
“Countrywide Financial Corp. Chief Executive Angelo Mozilo said Thursday the housing market is showing no signs of improvement and could lead the U.S. into a recession.” (Countrywide CEO: economic outlook…
Apparently Only Eight Condos Left At The Palms (555 4th Street)
A plugged-in tipster passes along an email from The Palms touting “Only 8 Left!” and 3.875% financing (down from 4.625%) until the end of the month (albeit a “2/1 Buy-down,…
A Few Points From A Local Mortgage Banker (No, Not “Blogger”)
Julian Hebron, mortgage banker and branch manager for the San Rafael office of Residential Pacific Mortgage, submits a copy of his most recent MarketWeek report (“Ride The Storm“) for review.…
JustQuotes: Is This A Blip, A Bump, Or More In The Mortgage Market?
“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…
One Rincon Hill: An Unofficial Update On The Timing Of The Two Towers
The exterior curtain wall continues to rise and the interior build-out continues to move forward at One Rincon Hill. At the same time, the new new word on the street…
JustQuotes: Higher Rates For the Vast Majority Of San Franciscans
“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…