June 27, 2006

Two Tuesday Reports

PMI Risk Chart (Image Source: PMI Economic Real Estate Trends)

PMI reports that they believe the likelihood of a price decline in the San Francisco Bay Area (San Francisco, San Mateo, Redwood City) housing market now stands at 56%. But as an astute reader pointed out in April, that’s not exactly going out on a limb.

At the same time, CAR reports that that the May ’06 median sales price of an existing, single-family detached home in San Francisco was $770,000 (down from $775,000 in April) and $752,830 in the Bay Area. This represents a year-over-year appreciation of 2.0% in San Francisco (4.3% in the Bay Area).

Economic Real Estate Trends (pdf) [PMI]
Heads You Win, Tails You Lose [SocketSite]
May 06 sales/price report [CAR]
May 2006 Median Home Prices [CAR]

First Published: June 27, 2006 12:31 PM

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