Articles Filed Under: Real Estate Economics

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You Are Here (A)

Eric Jansen of Trident Capital waxes poetic on his “Seven Steps” in the boom-bust cycle of housing (not to be confused with the deadly sins or highly effective habits). Although it’s a bit dire, it’s well written and worth a read regardless of your bubble philosophy. And we just... Read More »

30,067 Fewer Home Buyers

According to the California Association of Realtors, only 8% of San Francisco households can currently afford to buy a median-priced home in the city. That’s down from 12% in April of last year. · Housing Affordability Index falls three points to 17 percent in April Read More »

Greenspan Speaks

Although we don’t always listen to, or agree with, Chairman Alan Greenspan, one part of his recent testimony definitely caught our eye. The dramatic increase in the prevalence of interest-only loans, as well as the introduction of other relatively exotic forms of adjustable-rate mortgages, are developments of particular concern.... Read More »

Riotous Living Anyone?

According to a study by the California Building Industry Association, Bay Area homeowners have increased the equity in their homes by roughly $234 billion over the past five years. Which, if the basic assumptions of the study were neither biased or flawed, would be quite impressive. The study assumed... Read More »

Great Advice For Buyers

James Stewart at SmartMoney hits the nail on the head. If you’re a first-time buyer looking to purchase a primary residence and you can easily afford the down payment, ongoing mortgage, taxes, and upkeep – just do it. Don’t try to time the market, just do it. Current mortgage... Read More »

San Francisco’s Housing P/E

As sales prices have risen, and rents have dropped, San Francisco’s residential “rent ratio” has climbed to a nation-wide high of 34.1 (according to The New York Times). We’re higher than New York City (25.4) and San Diego (28.9), and up from a rent ratio of 12.5 in 2000.... Read More »

Economic And Real Estate Trends Report

Considering the purchase of an investment (rental) property in San Francisco? Thinking of leveraging an interest-only loan to finance a short-term speculative buy? Do yourself a favor and read The PMI Group’s latest Economic and Real Estate Trends report. The PMI Group is publicly traded residential mortgage insurer and... Read More »

Greenspan Sees Local Housing Bubbles

While dismissing a national bubble, Alan Greenspan acknowledged signs of market “froth” and local housing bubbles during his address to the Economic Club of New York this evening. A couple of choice quotes: “We don’t perceive that there is a national bubble but it’s hard not to see …... Read More »