Sales Of New Homes Tumble

US new home sales fell 11% in November, the biggest drop since 1995, and at 1.25m homes sold, the lowest pace since January. It is important to note that new home sales are considered to be even more of a leading indicator of market health than existing home sales... Read More »

2006 California Housing Forecasts

Economic forecasts for 2006 are hitting the wire. With respect to 2006 housing prices, Wells Fargo is forecasting a 5.7% increase for Northern California, while FORTUNE is forecasting an anemic .1% growth for San Francisco in 2006 (-2.9% in 2007). From FORTUNE: Nationally, the overall outlook seems reasonable: 7 percent appreciation for 2006 and flat Read More »

Those Damn Neighbors

Those Damn Neighbors

The listing price for the two bedroom house at 2401 Vallejo has been reduced $230,000 (to $1.99m). The property had been sitting on the market at $2.25m when their next-door neighbors put their more modern house on the market for $1.95m. Those damn comps (and neighbors). ∙ Listing: 2401 Vallejo, $1.99m Read More »

FSBO: SF

FSBO: SF

Perfectly said by the folks at apartment therapy, “In an effort to help apartment owners who are looking to sell without a broker and to show off cool apartments to readers looking for them, we are posting good ones that we stumble upon.” We like it, and we’re running with it in San Francisco. If Read More »

San Francisco’s Shrinking

San Francisco’s Shrinking

More coverage of the net migration out of San Francisco that we first reported in June: according to CNN/Money, three percent of San Francisco’s population has moved to Stockton, Sacramento, and Vallejo. That’s 21,000 fewer buyers/renters milling about the city. ∙ High housing prices are driving residents from many U.S. metro areas ∙ San Read More »

San Francisco Perspective: Condominium Developments

Numerous new San Francisco condominium developments have recently, or will soon, come on the market. The nine developments below represent approximately 1,300 new condo units and are but a few of the new developments in the works within the city limits. For perspective, there are currently 427 San Francisco condominiums listed for sale on the Read More »

Feel Our Pain (And Avoid Your Own)

A corrupt hard drive reduced our office to ruble (and our staff to tears) last week. Take it from us, spending four days reinstalling software, recovering files from a week-old backup, and then trying to recreate a week of Outlook calendar, inbox, and story changes could drive a person mad, is a complete waste of Read More »

UCLA Anderson’s California Economic Forecast

The Chronicle highlights the most recent UCLA Anderson Forecast: 1. Slower job growth but no recession 2. Home prices flatten but don’t plunge 3. A change at the Fed adds to uncertainty ∙ Sluggish growth seen for state; Experts say real estate boom will cool Read More »

SocketSnaps: Hayes Valley Holiday Block Party 2005

Hopefully you made it to the Hayes Valley Holiday Block Party. It was perfect holiday weather, shopping, and cheer. Read More »

Yes, Yes, No!

Here we were, just about to close the office early and start getting ready for the Hayes Valley Holiday Block Party, when a story from The Bakersfield Californian lands in our inbox with a thud… When house prices plummeted in the early 1990s, especially in Southern California, there was a serious recession, said Delores Conway Read More »

Confessions Of A Real Estate Agent

Bernice Ross opens up on Inman News today. The first two paragraphs of her article: “The buzz at NAR is that even the most heated markets are now slowing. Inventories are increasing at a dramatic rate. Could the next buyer’s market be just around the corner?” “A buyer’s market is our Read More »