The direction of mortgage interest rates drive the housing market. We’ve been spoiled with ultra-low rates the last few years with many experts predicating 2014 was going to be the year of 5% rates, they were wrong. Here’s why we’re not going to be seeing 5% mortgage rates anytime soon. Ability To Procure Credit Reality […]
Since the inception of qualified mortgages this year, the process to successfully to close on a mortgage has been compliant heavy by industry standards. Such is especially true if you own your business. It’s no mystery there is a general consensus amongst business owner consumers, banks do not make ability to qualify easy for the […]
House hunting? If your appetite for a turnkey renovated home is a flipped house, you may end up jumping through more hoops to close escrow. What Is A Flipped Home? A flipped property is a situation where the house is acquired usually by a real estate investment company (also could be an individual) and is re-offered […]
In most areas of the world, $1,355,000 will get you a very, very nice house. In San Francisco real estate, though, all it gets you is the highest overbid for a single family home in 2013. The top overbid in absolute dollars for a single family home in San Francisco so far this year was […]
In the last few years, many consumers bought homes with low down payments and have seen a dramatic rise in their home-equity-opening the door to trade up to more a desirable homes and/or locations. Perhaps the family is expanding and or timing is right to trade up. As attractive as the concept sounds, due to […]
Some of these maps of San Francisco are pretty funny. Click for the slideshow.
We all know how deeply San Francisco rents and home prices are tied into the dot com economy. Check out this chart showing San Francisco rents versus the Nasdaq. Maybe there is something to this… Hat Tip The Atlantic.