Market Conditions
What Costs How Much…and Where
Low, High & Median Sales Prices & Average Dollar per Square Foot SF MLS Home Sales: February 15, 2010 – August 15, 2010 Median Sales Price is that price at which half the properties sold for more and half for less. It may be affected by “unusual” events in any particular period or by changes
Read moreThe Sky is Not Falling in San Francisco
Late August 2010 Update In the past week or two, there have been hundreds of sky-is-falling articles in every major media outlet about how home sales drastically slumped in July when compared with June and May, or as compared to July of last year, both nationally and in the Bay Area. And that this indicates
Read moreWeek by Week Market Performance Charts
Week by Week Charts through August 15th, for the past 6 Months: SFD, Condo, TIC, 2-4 Unit Buildings Market trend charts that track by month and by quarter are more useful, but these weekly-bar charts are snapshots of most recent activity. Homes Accepting Offers: Relatively stable  Homes For Sale: Declining as summer proceeds. As
Read moreMarket Focus: a monthly analysis of the SF real estate market
Recent stock market declines and worries surrounding of the possibility of a double-dip in the housing market, caused some potential home buyers to exhibit restraint and delay home purchases. Completed home sales declined by 18% year-over-year in July 2010 as a cloudy economic outlook weighed on buyers. Compounding the effect of these economic trends on home sales data are the seasonal summer slowdown combined with an especially cold July that kept more buyers from touring homes than usual. However, despite the slowdown in recent sales trends, the accelerating pace of job growth combined with a continued decline in interest rates fueled by the Federal Reserve’s purchase of treasury bonds, as well as tight inventory levels should propel the market forward in the coming quarters.
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Underwater? FHA Refinance Program
FHA LAUNCHES SHORT REFI OPPORTUNITY FOR UNDERWATER HOMEOWNERS Effort designed to encourage principal write-downs for responsible borrowers WASHINGTON – In an effort to help responsible homeowners who owe more on their mortgage than the value of their property, the U.S. Department of Housing and Urban Development today provided details on the adjustment to its refinance
Read moreFascinating Article on Investment Properties
Looking to invest in other markets? Let me help you find an agent. Vulture investors: They’re back – and making a bundle By Les Christie, staff writerAugust 5, 2010 NEW YORK (CNNMoney.com) — These are the glory days of the residential real estate investor. Low prices, rock-bottom interest rates and stable rental markets have created
Read moreMortgage rates drop to new low
National average for a 30-year fixed loan is at 4.49 percent By ALAN ZIBEL Associated Press Mortgage rates dropped to the lowest level on record for the sixth time in seven weeks, offering the most attractive opportunity in decades for those who qualify to refinance or purchase a home. Government-controlled mortgage buyer Freddie Mac said
Read moreRosen Consulting Group Forecasts Overall Positive Year for San Francisco Housing Market
Rosen Consulting Group Forecasts Overall Positive Year for San Francisco Housing Market
The reports are issued ahead of reports from CAR and NAR and, hopefully, will go a long way to dispelling the notion that the San Francisco residential real estate market is little different than other markets in the country experiencing stagnation and significant price declines
Read moreJuly 4th Impact on the Market?
These 3 charts show week by week activity for the past 6 months through July 11th . Obviously, the first two weeks of July were impacted by the 4th of July holiday slowdown, but it is interesting that a fair amount of inventory is coming on market – perhaps that is simply a reflection of agents holding listings until the holiday week was over. It does seem that opportunities for buyers must be increasing. The activity charts for the last 3 weeks of July will be interesting to see. Last year business didn’t really slow down during the summer, but perhaps this summer will be more typical
Read moreParagon Market Update: July 2010, Mid-Year Review
Median prices and average dollar per square foot figures are generalities, which may be affected by other market factors besides changes in value. All information contained herein is derived from sources deemed reliable, but may contain errors and omissions, and is not warranted. Sales not reported to MLS are not included in these analyses. Median
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