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 »

Not Such Trivial Knowledge

Know the difference between a Benjamin Moore Mulberry, Behr Plum Jam, and Glidden Valhalla? What about the difference between a Queen Anne Victorian, Gothic Revival, and a San Francisco Stick? Neither did we until readers tipped us to these two sites: Colorcharts – billed as the “online library of... Read More »

Start Listening To Those “Academics”

If you don’t heed the warnings of the “academics”, at least take a lesson from the history books. Excerpts from a recent article in Knowledge@Wharton: What’s driving this market? Most important: Are these loans ticking time bombs that could shock the financial markets and economy... Read More »

SF MLS Quietly Removes Listing Dates

It appears that the San Francisco Multiple Listing Service has quietly removed listing dates from the properties on its website. In other words, the public can no longer see how long a property has been sitting on the market. Not only disappointing, but a bit suspicious as well. For... Read More »

Octavia Boulevard Rebirth

Octavia Boulevard Rebirth

Rumor has it that this Friday will mark the grand re-opening of Octavia Boulevard in Hayes Valley. If nothing else, it’s a great excuse to check out the pagoda. Update: Friday it is, with an 11am ribbon-cutting ceremony at Octavia and Market (freeway on-ramp will be open to motorists... Read More »

Ellis Act Blunder

The San Francisco Superior Court recently tossed the Ellis Act eviction notices for all the tenants of 1357 Folsom Street based on a notification technicality. Andrew M. Zacks, which handles the vast majority of Ellis Act evictions for landlords in San Francisco, failed to provide a crucial piece of... 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 »