It’s not surprising interest rates are on the rise as the fed has committed to reducing their mortgage bond buying starting this month. There is an array of factors affecting a mortgage rate things like; home occupancy, loan type, and even property type. Two factors carry the most weight when shopping mortgages… How Lender Sees […]
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 […]
According to the Case-Shiller Home Price Index, home prices in the Bay Area are back to levels last seen in January of 2008 and September of 2004. From S&P: Data through August 2013, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices … showed that the 10-City and 20-City Composites […]
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.
With home prices having spiked and inventory so low this summer, California home sales retreated to levels seen in 1988. Larry Roberts breaks down the numbers and analysis: It’s been called “sticker shock,” but perhaps a more apt term would be “price revulsion.” The cost of ownership rose so high so fast that buyers simply […]
The number of Bay Area homes sold in September fell more than what we would seasonally-expect. Prices also declined from August. DataQuick reports: Bay Area home sales dropped more than usual in September compared with August but climbed slightly above the year-ago level thanks to more robust sales above $500,000 this year. For the second […]
From the California Association of Realtors: After distressed sales lost their hold on much of California’s market, the state’s housing market will continue to improve in 2014, with sales shifting toward primary home buyers and both sales and home prices posting further gains, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2014 California Housing Market […]