Articles Filed Under: Bubble (Or Not)

(315 posts)

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 year and nearly doubled since the 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 percent across the Bay Area, and 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 which shouldn’t have caught any plugged-in 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 2001. The Glass Half Empty: Venture Read More »

San Francisco Rents Pushing Professional Firms Out Of The City

San Francisco Rents Pushing Professional Firms Out Of The City

With demand for office space in San Francisco having reached an all-time high, the average asking rent for space in the city has increased 15 percent over the past year and nearly doubled since the first quarter of 2010, up 88 percent to just under $60 per square foot.  That being said, rents remains around Read More »

Trulia Deems San Francisco Overvalued, San Jose And Oakland Too

Trulia Deems San Francisco Overvalued, San Jose And Oakland Too

Based on ratios of home prices, incomes and rents, San Francisco, San Jose and Oakland all made Trulia’s latest top-ten list of the most “overvalued” housing markets in the U.S., ranking fourth, seventh and tenth respectively. While Austin, Texas topped Trulia’s list of the most overvalued metro areas with home prices 19 percent overvalued relative Read More »

City Responds To “Gloomy” Outlook For Affordable Housing In SF

Responding to the Civil Grand Jury report which noted that the Mayor’s goal of creating 30,000 new and rehabilitated homes is San Francisco by 2020 “will provide some relief to the current shortage, but exactly how far it will go in addressing the affordability issue depends on many factors and the outlook tends to be gloomy,” the Read More »

Demand For Office Space In San Francisco Breaks Dot-Com Record

Back in 1999, the year before the dot-com boom busted, 7.4 million square feet of office space was leased in San Francisco.  Through the first three quarters of 2014, 7.6 million square feet of office space has been leased in the city, setting a new record with a quarter left to go. That being said, Read More »

Repainted And Flipped For $400K More

Repainted And Flipped For $400K More

Purchased for $2,600,000 nine months ago when on the market for $2.9 million, the 4,665-square-foot Forest Hill home at 279 Castenada Avenue was “updated with current colors and style featuring refinished hardwood floors…custom window treatment and nice accents” and returned to the market two months ago listed for $3,195,000. On Monday, the sale of 279 Castenada Read More »

From $1.4M Four Years Ago To $2.3M Today

From $1.4M Four Years Ago To $2.3M Today

Purchased for $1,945,000 in 2007, the modern Noe Valley home at 1420 Douglass Street was foreclosed upon in 2010 and re-sold  by the bank for $1,440,000 four years ago. Listed for “$1,795,000” three weeks ago, the sale of the three-bedroom home with an open floor plan divided by a familiar two-way fireplace and staircase has just closed escrow with a Read More »

San Francisco Median Home Price Hits Record Million Dollar Mark

San Francisco Median Home Price Hits Record Million Dollar Mark

While Bay Area home sales were relatively flat in June (up 0.2 percent year-over-year and month-over-month), and listed home sales in San Francisco were down nine percent, recorded home sales in San Francisco were up 6.4 percent versus the year before as a backlog of sales in new developments continued to close escrow. That being said, Read More »

Flipping Out: $600K More After Six Months And A Mini-Makeover?

Flipping Out: $600K More After Six Months And A Mini-Makeover?

Listed for $2,895,000 nine months ago, the Forest Hill home at 279 Castenada Avenue sold for $2,600,000 this past December.  Since “updated with current colors and style featuring refinished hardwood floors in walnut tones, deluxe custom window treatment and nice accents,” the five-bedroom home is back on the market and listed for $3,195,000. No work Read More »

Loan Application Volumes Drop While Inventories Continue To Rise

Mortgage loan application volume for home purchases across the country fell 6 percent over the past week and loan activity is running 15 percent lower on a year-over-year basis. At the same time, the inventory level of homes for sale across the country is running 14.2 percent higher, year-over-year, up from 9.5 percent higher in Read More »

Noe Valley Cottage Scheduled To Hit The Courthouse Steps

Noe Valley Cottage Scheduled To Hit The Courthouse Steps

The 600-square-foot cottage on a sliver of a Noe Valley lot at 543 30th Street was purchased for $665,000 ten years ago with what would appear to have been $5,000 down and $660,000 in debt.  And in 2006, the property was refinanced with $791,920 in new loans. In default since 2009, at which point the Read More »

Pending Home Sales Barely Budge Despite Increase In Inventory

While the National Association of Realtors Pending Home Sales Index inched up a nominal 0.4 percent from March to April, it’s now running 9.2 percent lower on a year-over-year basis versus 8.0 percent lower last month. At the same time, the inventory level of homes for sale across the U.S. increased 8.6 percent and is Read More »