Contact Gary

Market News

Increasing Renter Populations Drag Neighborhoods Down

By Kelli Galippo • Dec 15th, 2010 • California communities with a high volume of foreclosures are struggling to maintain the appearance of their neighborhoods as the influx of renter-occupants invests less time in the upkeep of their homes. When investors buy up foreclosures and rent them out, the increased renter-to-homeowner ratio means neighborhoods are […]

FDIC Reports High Volumes of Delinquent Construction Loans

FDIC Reports High Volumes of Delinquent Construction Loans By Kelli Galippo • Dec 13th, 2010 Nationally, one out of every six dollars of construction and development (C&D) loans issued by banks, roughly 16% of all C&D loans, are at least 90 days delinquent as of September 30, 2010. Another 2% are 30 to 90 days […]

Robust Pending Sales Activity Presages a Stronger Housing Market for San Francisco

Pending sales activity in the San Francisco housing market jumped 22 percent from November 2009 to 2010, according to the latest Market Focus report, published jointly by the Rosen Consulting Group and the San Francisco Association of REALTORS®.

The San Francisco Real Estate Market: December 2010 Update

Despite mostly negative reports from other parts of the country, the San Francisco home market has performed relatively well since the autumn market began after Labor Day. Indeed, the number of listings accepting offers in November was well above last year’s and the median home price is at its highest since the April tax-credit crush. Typically the market slows down…read more →

Best American cities to invest your real estate dollars in 2011

On Tuesday we started with the doom and gloom by showing you the predicted worst places to invest in real estate in the coming new year. In the spirit of bad news first, here’s the good news. Experts also predict some “best” places to invest, American cities where the housing market is expected to a) […]

The San Francisco Real Estate Market – December 2010 Update

The San Francisco Real Estate Market – December 2010 Update Despite mostly negative reports from other parts of the country, the San Francisco home market has performed relatively well since the autumn market began after Labor Day. Indeed, the number of listings accepting offers in November was well above last year’s and the median home price is at its highest…read more →

Reeling from California unemployment

Oct. 2010 Sept. 2010 Oct. 2009 CA Unemployment Rate 12.4% 12.4% 12% Unemployment Statewide The above chart depicts joblessness in California over the past 30+ years as a percentage of the state’s total labor force, and encompasses several run-of-the-mill recessions. As shown on the charts, unemployment over the past year has lingered at a higher […]

Weekly Market Charts

The monthly Market Charts Dynamics newsletter will come out next week (after all November’s data is in). Here is the updated ROI Chart comparing major stock indices with SF home values since January 2000. Comparing stocks with real estate is like comparing apples with bagels, but still it’s kind of interesting. Weekly Activity Charts through […]

Jobs Move Real Estate

The past and future of jobs in California: the number of people employed: October 2010 13,938,200 September 2010 13,838,400 October 2009 13,963,000 Current, detailed employment numbers for California’s biggest counties: To understand the real estate market, look first at state employment. In the one month period from September 2010 to October 2010, 99,800  jobs were […]

October Home Sales Volume

32,669 new and resale homes closed escrow in California during October 2010, down 21% from one year ago when 41,280 sales closed escrow. Statewide, sales volume has continued to show its recent downward trend both in annual and monthly sales: home sales have dropped slowly but consistently since June of this year. Southern California (SoCal) […]