Posts Tagged ‘san francisco’The State of the Markets – 10/7/2009This post first appeared in the October edition of Cirios Trends: Getting to the Bottom of the Housing Market For anyone who has tried to rent an apartment in the past six months – especially in big cities like San Francisco or New York — the pickins have been extremely good, to say the least. [...] Feature: To Condo or TIC, That is the QuestionThis post first appeared in the October edition of Cirios Trends: Getting to the Bottom of the Housing Market First-time homebuyers shopping in San Francisco almost inevitably encounter units that look like condos, but are listed as “Tenancy in Common” or “TIC.” While physically a TIC unit may look no different than a condo, financially [...] The State of the Markets – 9/1/2009This post first appeared in the September edition of Cirios Trends: Getting to the Bottom of the Housing Market If history has its way, housing inventory is set to rise. And for all the potentially complex and controversial explanations for this coming bump in homes listed for sale, Occam’s razor will likely hold: The simplest [...] Deal or No Deal RESULTS: New to Nob HillCirios Verdict: NO DEAL (Click here for the original Deal or No Deal post) The subject is a recently renovated TIC in a desirable part of Nob Hill. This unit has everything that adds value to a property including 2 bathrooms, parking, washer/dryer and outdoor space. The common area is on the small side as [...] Housing Perspective: May S&P Case Shiller Home Price IndexThe housing market got another piece of “good” data today, as the S&P Case Shiller Home Price Index registered its first month-over-month uptick in almost 3 years, according to Bloomberg. The increase was nominal, to be sure, at a mere 0.5% from the prior month, but it was an increase nonetheless. As can be seen [...] House of the Month: Posh Living in the CastroThis post first appeared in the July edition of Cirios Trends: Getting to the Bottom of the Housing Market As jumbo mortgages continue to be extremely difficult to get, we at Cirios keep asking ourselves: Is it a buyer’s market for borrowers who manage to qualify for a jumbo loan? To answer that question, we [...] Deal or No Deal Results: Something Missin’ In The MissionCirios Verdict: DEAL San Francisco isn’t for everyone, but with the rental market still expensive relative to just about everywhere but New York, buying a condo or TIC (Tenant in Common) is a pretty viable option. It didn’t used to be, but low-end condo and TIC prices are falling, as overbuilding, lower rents and the [...] Deal or No Deal: Something Missin’ in the Mission?This week’s Deal or No Deal is a remodeled condo in the Mission District of San Francisco. Rehabilitated after a fire a few years ago, this building has been completely redone and the units are being unloaded onto the market. This neighborhood is desirable for young professionals looking to live near bars and restaurants, as [...] San Francisco Home Sales — $1,000,000+Last week, we posted a graph showing home sales over $1,000,000 in the entire Bay Area. Despite the obvious seasonal trends, sales are slowing significantly. Below is the same data for San Francisco. Notably, although sales definitely fell of the proverbial cliff in Q4 of last year, declines were barely perceptible until this year. Click [...] Housing Perspective: December Case-Shiller Home Price IndexBy ANDREW JEFFERY The broken record rambles on: Home prices keep falling. The latest reading from the S&P/Case Shiller Home Price Index showed another record decline, as prices tumbled 18.5% from a year ago. And again, the worst performing metro regions were out west, with Phoenix, Las Vegas and San Francisco leading the way to [...] House of the Week Results: It’s Always Sunny in SunnyvaleUnlike Santa Ana, where last week we learned there is strong demand for attractively priced properties, Sunnyvale has seen sales volume decrease over the past 3 months. This is concerning, particularly as other, distressed areas experience pops in sales activity and the broader economy continues to weaken. Sunnyvale is in the heart of Silicon Valley [...] |