For Buyers, interest rates remain near historic lows (with many pundits expecting a jump if the Fed stops buying mortgage bonds on March 31st as planned); the home-buyer tax credits have been extended through April 30th ($6500 to $8000, subject to various conditions); and we appear to be at, near or just past the bottom [...]
Case-Shiller, the most respected index of home values, just released their July report, which showed continued improvement of home values (though still down significantly from peak values). SocketSite has an extended article describing how the report applies to the SF Metro Area: https://www.socketsite.com/archives/2009/09/july_spcaseshiller_san_francisco_msa_continues_mom_upti.html The new Case Shiller report PDF can be found here: https://www2.standardandpoors.com/spf/pdf/index/CSHomePrice_Release_092955.pdf Remember [...]
San Francisco Real Estate At current market trends, over the next month:* 1400 active house & condo listings will be joined by 600 new listings. 1 in 7 or 8 of those listings will accept an offer to purchase. 1 in 8 will expire or be withdrawn from the market (didn't sell). 1 in 4 [...]