Articles Filed Under: Real Estate Economics

(937 posts)

Kiyosaki Speaks

When Robert Kiyosaki speaks, the masses seem to listen. Sparking an investing revolution with “Rich Dad, Poor Dad”, Kiyosaki recently shared his thoughts about the current real estate craze with Carol Lloyd of “Surreal Estate” fame. “Don’t get me wrong, I’m still buying real estate,” he told me, adding... Read More »

Dueling Reports

If you read the Examiner, the median sales price of a San Francisco home is now $760,000 (a reported 16.4% gain from 6/04); and if you read the Chronicle, the median sales price is now $800,000 (a reported 15% gain from 6/04). Both papers credit DataQuick as their source.... Read More »

It’s About Time

Two months ago SocketSite highlighted the PMI Group’s Economic and Real Estate Trends report that indicated a 39.5% likelihood of decline in the San Francisco real estate market over the next two years (and a ten-year price appreciation of 2.3%). Two months later Kiplinger’s generates a ton of buzz... Read More »

Price Drop In San Francisco Bay Area

According to the California Association of Realtors, the Media sales price of a single-family detached home in the San Francisco Bay Area dropped .2% (from $723,070 to $721,730) in May of this year. Granted, not a huge decline, but directionally interesting. Also of note, sales activity has declined 8.3%... Read More »

Housing Prices Always Come Back

Should the housing market “pop”, it will return. It’s just a matter of time. But how long will it take? Let’s take a look at three historical housing market declines for some insight. First up, Houston. The Houston housing market declined 22.7% from 1983 to 1988; it recovered nine... Read More »

An ARM (And Quite Possibly A Leg)

As you already know from diligently reading SocketSite, adjustable-rate mortgages (ARMs) are all the rage in our fair city and account for the vast majority new mortgages. What you might not know, and few brokers or agents like to emphasize, is that most ARMs expose barrowers to significantly more... Read More »

Yes! Yes! No.

The title naturally caught our eye (Why You Can’t Afford a House in San Francisco), and we think the author’s analysis gets off to a strong start. But then he sputters. And falls flat. The entire premise of this article is that housing prices should be directly correlated with... Read More »

Trade School Versus Academia

Yes, once again it’s the academics squaring off against the Realtors®. Not too surprisingly, they offer two wildly different views. Play along and see if you can match the forecast to the group: 1. edian home prices across the state will rise 15 percent year-over-year in 2005, down from... Read More »

Freakonomics Freaks NAR

Freakonomics just moved to the top of our summertime reading list. Pointing to data that suggests that “full-service” “realtors get 3-4% more for their own houses and leave their own houses on the market 10% longer” than their clients’ properties, and suggesting that “discount” brokerages might be the way... Read More »

You Are Here (A)

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 »