Articles Filed Under: Real Estate Economics

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Top O’ The Market To You!

Inventories and interest rates are up, sales are down, and prices are either flat or falling. So we’re calling it: welcome to the top of the San Francisco housing market! For sale signs are popping up left and right, and as one seasoned agent recently commented, “we’re going to... Read More »

Writing On The Wall

“U.S. housing starts fell 5.6 percent in October as construction of both single-family and multifamily homes slid, while a drop in permits for future groundbreaking was the largest in more than six years, the government said on Thursday.” Granted, not Bay Area specific, but perhaps even more telling. And... Read More »

Boast Busters In The Making

To be fair, this isn’t nearly as much of a boast as the original, but it still needs some busting. Under the Inman headline “Realtor questions value of interest-only real estate loans”, columnist Robert Bruss downplays the potential of a “financial foreclosure debacle”. According to Bob: “…after the first... Read More »

When Barrack Speaks, You Should Listen

Some choice quotes from Tom Barrack, head of Barrack’s Colony Capital (one of the largest private equity firms devoted to real estate and having provided returns of 21 percent annually since 1990): “I feel totally safe playing polo on a field full of pros,” says the bronzed 58-year old.... Read More »

We’re Moving On Up!

According to a Global Insight study, the San Francisco real estate market is overvalued by approximately 36% (up from 30% at the beginning of the year). As such, San Francisco is considered to be “extremely overvalued”. What’s that mean? “Study findings indicate that 53 metropolitan areas, representing 31 percent... Read More »

San Francisco Loses 85,000 Jobs

Well, so much for justifying the San Francisco real estate run-up over the past five years on a booming local job market. According to the Examiner, “San Francisco has lost 85,000 jobs since 2000 when the flood of high-paying technology jobs began drying up.” That’s 10% of the entire... Read More »

San Francisco Inventories On The Rise

Although a 16% increase in the San Francisco for-sale listings is hardly substantial, it is directional (and important to note). According to the New York Times: For-sale listings have also swelled throughout California, according to the California Association of Realtors. In the San Francisco Bay area, they have increased... Read More »

Uppity Academics

It’s doom and gloom Wednesday. Not only are the economists at UCLA’s Anderson school calling the peak of the California real estate market, they’re putting 50/50 odds on a statewide recession by the end of 2007. California’s housing boom appears to be peaking, and the resultant slowdown is expected... Read More »

Three Months Of Stagnating Prices In San Francisco

According to the California Association of Realtors (CAR), the median sales price of a SF Bay Area home was $730,360 this past August (and sales volume dropped 3.7% compared to August ’04). While this does represent a $6k increase in the median sales price from July ‘05, it is... Read More »

Renting Is The New New Thing

While the Times is more eloquent, the Chronicle is obviously closer to home. Another testimonial for renting over buying in the Bay Area: After 15 years as a homeowner in the Bay Area, I’ve cashed out and taken advantage of a bizarre situation: Homes that sell for a fortune... Read More »