Each week, the Paragon Market Update Report looks at prices and market dynamics in the different neighborhoods all over the city. Select the neighborhood to access the latest neigborhood details.
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 [...]
By CONOR DOUGHERTY and JOHN D. MCKINNON Sales of existing homes surged 9.4% in September to a seasonally adjusted annual rate of 5.57 million units, as lower prices and the looming expiration of a federal tax credit lured more buyers into the market. The data, released Friday by the National Association of Realtors, portrayed a [...]
If you are a first time homebuyer i.e. someone that has not owned a home in the last three years you may be able to claim the government's $8,000 credit. To qualify single tax filers may not earn or than $75,000 per year - joint/married tax filers income cannot exceed $150,000. Tens of thousands of [...]
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be joined by 600 new listings. 1 in 7 or 8 of those listings will accept an offer to purchase. 1 in 8 will expire or be withdrawn from the market (didn't sell). 1 in 4 [...]
I thought that is would be useful to share this question and my answer to a client. If you have any questions please e-mail me. Jane, Do you agree that home sales in SF are ballooning as recently reported? If so, do you have any idea why? Have prices firmed as well? I am [...]
Here's some great advice from Bredel Hightower of the Detroit Free Press. Brendall suggests a businesslike approach to choosing the right agent. He writes that aside requiring a great resume, sound references and excellent market knowledge, buyers and sellers should take the time to phone references and to interview potential candidates. As with any service profession (e.g. medical, dental, [...]
I'm not sure how motivating this chart will be to you, but it is fun to take a look at what your money can/or cannot buy in SF real estate. Please keep in mind that this is a selected list of property sales in select neighborhoods. Certainly, properties in every neighborhood vary and you can [...]
