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California Residential Property Foreclosure Rate Update

January 14, 2009

Tweet ForeclosureRadar released its December 2008 foreclosure report today. Some of the notable takeaways from the report are: Notices of Default increased 100 percent over Notices recorded for November, to a total of 42,421 default filings, a 24.7 percent increase over December 2007. Notices of Trustee Sale, which set the auction date, time and location, were […]

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The 88 Condos in San Jose Revises Pricing

November 10, 2008

Tweet The 88, the 197-unit condo project in Downtown San Jose, has reduced its price today on some of its units. A short while ago we got an alert that Unit 605 at the tower, was reduced from $545,000 to $490,000, roughly a 10% drop. This is expected as we’ve heard sales at all the […]

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San Francisco Residential Projects On Hold

October 31, 2008

Tweet KPIX/CBS is reporting on the condo projects in San Francisco which have either been cancelled or put on hold. The status of some of the most notable multi-family projects in San Francisco are as follows: Urban West Associates’ Rincon Hill Tower 2 – cancelled indefinitely Bosa Developments’ Radiance @ Mission Bay Phase 2 – […]

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San Jose Condos Going Rental

October 1, 2008

Tweet The Mercury News reported today on decisions by Barry Swenson and the CIM Group to convert for sale condos into rental units. Amongst the projects being converted include The Globe by CIM, and Barry Swenson’s Skyline and The Lofts on Alameda project. This is no real surprise. What will be interesting to see is […]

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NAHB/Wells Fargo’s July Housing Index Numbers Eclipse June’s All-Time Low

July 29, 2008

Tweet Last month, the NAHB (National Association of Home Builders)/Wells Fargo Housing Index reached an all time low of 18. July’s numbers were released last week, and they fell a further to points to 16. Anything north of 50 is considered good; and it is very obvious we’re very far off that mark. The outlook for […]

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ARM Mortgage Reset Pain to Continue

July 14, 2008

Tweet A graph put out by Credit Suisse details the monthly volume of residential mortgages which will have their interest rates reset. The graph clearly indicates that we’re not out of the woods yet. In fact, what this graph indicates is that sometime towards the end of 2008 and early-mid 2009 we might begin to […]

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National Association of Home Builders/Wells Fargo Sentiment Index Reaches All-Time Low

June 17, 2008

Tweet The NAHB/Wells Fargo Sentiment Index guages the market sentiment of builders of single-family homes. The index has been tracking this data for over twenty years and the data they released yesterday indicates that sentiment is at an all-time low of 18. 50 is the median number, with any number over that indicates that more […]

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Rent Vs. Buy Heat Maps: A Tool For Small Investors

June 11, 2008

Tweet First time real estate investors are often torn between investing in commercial real estate, or residential/multi-family property. A while back we wrote a post about Rentometer, a quick and dirty rent analysis tool apartment investors could use to gauge market rents. HotPads.com has gone one step further and introduced a Rent vs. Buy Heatmap showing areas which […]

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Housing Pain: Developer Offers Buy One Get One Free

June 2, 2008

Tweet In a sign of where the housing crisis currently is, Michael Crews Development in Escondido has opted for a nover approach to selling homes: they’re offering a second home for free! If you buy into one of their more expensive subdivisions in Escondido, they’ll throw in a home from their less expensive Cityscape subdivision. The […]

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120-Acre San Jose Flea Market Site Put Up For Sale

May 28, 2008

Tweet The San Jose Flea Market land is up for sale. The 120-site, after going through nearly a decade of entitlements, has been put on the market for sale. The site is entitled for nearly 2900 homes and 350,000 square feet of commercial space (office and retail). The site is a vast flat parcel in […]

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