Articles Filed Under: Real Estate Economics

(953 posts)

DataQuick Reports Record Bay Area Prices

According to DataQuick, the median price for a Bay Area single-family home hit $651,000 last month (versus $643,000 in July, and up ~19% from last August). At the same time, however, the number of sales fell 4.1% from 2004 and “…insiders say the number of homes for sale has... Read More »

We’re Down With Lao

Lao Tzu, a sixth century B.C. philosopher, is quoted as having said, “Those who have knowledge, don’t predict. Those who predict, don’t have knowledge.” Or said much less eloquently, and applied to the real estate market: The problem is that no one can predict the precise peaks and valleys... Read More »

Tenants In Common (TIC) Thursday

Rumblings of TIC lottery reform and continued coverage of individual loans for TIC units are headlining stories today. To be honest, TICs scare the hell out of us these days. In an up market everyone’s happy (okay, so not everyone), but if the market should change,... Read More »

San Francisco Bay Area Sales And Prices Down

According to the California Association of Realtors, the median sales price for existing homes in the San Francisco Bay Area dropped 1.3% from June to July. Perhaps more importantly, sales volume was down 12.1% from June to July of this year, and down 16.3% compared to July 2004 (i.e.... Read More »

Now That’s A Chart!

Now That’s A Chart!

(Chart from NYT article: Be Warned: Mr. Bubble’s Worried Again) Robert J. Shiller, the Yale economist who published “Irrational Exuberance” in the year 2000, is at it again. And with a vengeance. Shiller argues that, “the housing craze is another bubble destined to end badly, just as every other... Read More »

Condo Investing Myths

Ready to cash in on the condo craze? Not so fast. Three condo investing “myths” as dispelled by CNN/Money: Myth 1: Get in early and you’ll be guaranteed a profit. Remember the lust for Internet IPOs? Ordinary investors bid up the stocks of hot little companies that hadn’t even... Read More »

Reading Between The C.A.R. Lines

According to the California Association of Realtors, the median sales price of a San Francisco Bay Area home increased 1.8% from May to June. At the same time, C.A.R. reports that the affordability index (i.e. percentage of households that can afford a median priced home) in San Francisco County... Read More »

A Clue From Down Under?

A Clue From Down Under?

Ever been to Sydney, Australia? It’s beautiful on-the-bay living in a geographically constrained, internationally desirable, and damn expensive city. Sound familiar? So when JPMorgan goes on record stating that house prices in Sydney are overvalued by 37%, and due for a correction, we sit up and take notice. For... Read More »

Euro Subterfuge

We’re tired of hearing it: “Compared to London or Paris, San Francisco looks cheap to the Europeans. Especially with the strength of the Euro.” All the while the London market seems to be tanking, and according to the Economist, “Investors from outside North America bought $8.6 billion-worth of real... Read More »

We’re Tired of Being Number One

Once again the San Francisco Bay Area ranks number one in the state. According to the California Association or Realtors (C.A.R.), the average San Francisco Bay Area household income falls $102,230 short of the qualifying annual income ($170,370) required to purchase a local median-priced home (the highest gap in... Read More »