Articles Filed Under: Bubble (Or Not)

(329 posts)
Twice The Price After Two Years In Pac Heights (Again)

Twice The Price After Two Years In Pac Heights (Again)

Foreclosed upon in 2009 with nearly $3 million owed at the time, the Pacific Heights home at 2523 Steiner returned to the market listed for $1,450,000 in March of 2011, was repainted three times in quick succession, and then sold for $1,260,000 that May. A little over two years... Read More »

China’s Stock Market Is Tanking, Will It Weigh On Local Real Estate?

China’s benchmark stock index, the Shanghai Composite, fell 5.9 percent yesterday and has tumbled 30 percent over the past three weeks.  The ChiNext index of small-cap stocks has plummeted over 40 percent. If you happen to be developer in San Francisco with a significant number of Chinese buyers who... Read More »

From Red Hot To ‘In The Red’ For Bay Area Housing Next Year?

From Red Hot To ‘In The Red’ For Bay Area Housing Next Year?

Bearish calls for the Bay Area housing market have been ticking up over the past three months with one of the latest coming from Clear Capital, a national provider of real estate valuations, data and analytics for brokers, lenders and appraisers: “Both San Francisco and San Jose have been... Read More »

Bay Area Home Values Climb, Condo Values Hit New High

Bay Area Home Values Climb, Condo Values Hit New High

Single-family home and condominium values within the San Francisco Metropolitan Area gained 2.0 and 2.2 percent respectively in April, according to the latest S&P Case-Shiller Home Price Index. The San Francisco index for single-family homes is running 10.0 percent higher on a year-over-year basis and is within 3.7 percent... Read More »

Developer Suddenly Selling A Pair Of ‘Unparalleled’ Opportunities

Developer Suddenly Selling A Pair Of ‘Unparalleled’ Opportunities

While Artthaus made headlines earlier this month for filing plans to construct a seven-story building with 131 Group Housing Units and shared kitchens at 1798 Bryant Street in the Mission, and another 36 Group Housing Units at 45 Dore in SoMa, it doesn’t appear that the developer actually plans... Read More »

Foreclosed-Upon Inner Sunset Home Sells For Sub-2005 Price

Foreclosed-Upon Inner Sunset Home Sells For Sub-2005 Price

Purchased for $765,000 in December of 2005, the 1,500 square-foot single-family home at 1554 19th Avenue was foreclosed upon last July and listed by the bank’s agent for $1,017,500 this past December. Six price cuts later, the asking price was down to $699,000 in May.  And yesterday, the sale of... Read More »

Foreclosed Upon Inner Sunset Home Down To Sub-2005 Price

Foreclosed Upon Inner Sunset Home Down To Sub-2005 Price

Purchased for $765,000 in December of 2005, the 1,500 square-foot single-family home at 1554 19th Avenue was foreclosed upon last July and listed by the bank’s agent for $1,017,500 this past December. And with six price cuts over the past five months, the list price for the Inner Sunset home... Read More »

Calling All Kings (And Queens)

Calling All Kings (And Queens)

Purchased for $330,000 in 2012, the sale of the two-unit Bayview “castle” at 53-55 Pomona Street, which has just been listed for $995,000, will likely make a headline or two when it closes escrow. But keep in mind the property sold for $880,000 in 2006 as well, a fact... Read More »

Mortgage Rates Drop As Bond Market Sounds An Economic Warning

The average rate for a conforming 30-year mortgage has dropped to 3.73 percent, the lowest rate since May of 2013 when the rate averaged 3.59 percent and 78 basis points below the 4.51 percent average rate at the same time last year. While the Federal Reserve is expected to... Read More »

Foreclosed Upon Five Months Ago, The Bank Seeks To Cash Out

Foreclosed Upon Five Months Ago, The Bank Seeks To Cash Out

Purchased for $765,000 in 2005, the 1,500 square-foot single-family home at 1554 19th Avenue returned to the market in mid-2008 listed for $799,000 but failed to sell. Three years later, the property was listed as a “short sale” with prices ranging from $560,000 to $465,000.  But once again, it... Read More »

Still Expensive Atop Linea, But A Little Less So Than Before

Still Expensive Atop Linea, But A Little Less So Than Before

Three months ago, a two-bedroom condo at Linea, the listing for which boasted “perhaps the best floor plan” in the building along Market at Buchanan was flipped for $1,266 per square foot. Two months ago, another two-bedroom at 8 Buchanan, the listing for which boasted “by far the best layout... Read More »

A Tipping Point For Oakland’s Office Market?

Between 70 and 80 percent of the recent demand for office space across the Bay Area has been driven by tech companies, according to Cassidy Turley. In San Francisco, the demand for office space is at an all-time high and office rents have increased 15 percent over the past... Read More »

Defaults Are Down In Every Bay Area County, Except One

Notices of default and formal foreclosure proceedings for homeowners across the nine-county Bay Area have dropped to their lowest level in over eight years.  But there’s one Bay Area country in which default activity has been ticking up over the past year. Having dropped by an average of 19.5... Read More »

30-Year Mortgage Rate Under 4 Percent, Lowest In Over A Year

30-Year Mortgage Rate Under 4 Percent, Lowest In Over A Year

The average rate for a conforming 30-year fixed-rate mortgage has dropped from 4.12 percent to 3.97 over the past week, the first time it has been under 4 percent in over a year, and the lowest rate since June of 2013 when it averaged 3.93 percent.  And it’s a move... Read More »

VC Funding In The U.S. Dropped 30% Last Quarter

The Glass Half Full: Venture capital investment in the U.S. was 59% higher in the first three quarters of 2014 versus the first three quarters of 2013, with $13.9 billion invested in second quarter of 2014 alone, the second highest quarter for venture funding since the first quarter of... Read More »