Articles Filed Under: Real Estate Economics

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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 »

Renters Rejoice

Feeling blue or left behind because you’re a lowly renter in the Bay Area? Don’t. The New York Times echoes our insight, debunks a number of home-owning myths, and reaches the following conclusion: In the Bay Area, renting might be more financially savvy than buying. Yes, even accounting for... Read More »

Dueling Academics

A new study by researchers at Columbia University and the University of Pennsylvania’s Wharton School suggests that housing prices in San Francisco are NOT overvalued. The study, titled “Assessing High Housing Prices: Bubbles, Fundamentals and Misperceptions”, points to “basic economic factors, including low interest rates, strong income growth and... Read More »

Buy A BMW 325i For Only $80k!

The Mortgage Bankers Association reported that 44.8% of all mortgage applications last week were for refinancing activities (versus new home purchases). Implications? Considering mortgage rates have been at historic lows for the past couple of years, it suggests that homeowners, “aren’t cutting their interest rates at all; rather, they’re... Read More »

Sticks And Stones…

Nothing like being labeled a housing “Danger Zone” (as if earthquakes weren’t enough). CNN/Money confirms that the majority of buyers in San Francisco (and 49% of buyers in Oakland) are resorting to “non-traditional” loans. Not new news to our readers (other than the moniker), but the quote from the... Read More »

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 »