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SF Under Construction

From Socketsite: ”According to the San Francisco Planning Department and its 2004 and 2009 Housing Element Report, San Francisco’s big picture housing pipeline is as so: · 156 projects with 6,510 housing units are currently under construction· 168 projects representing 2,850 units have received a building permit· 316 projects representing 4,480 units have applied for…

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The City – from Cyberspace

Restaurants, arts, sports, nightlife, things to do with kids and dogs,biking, hiking, transit, real estate, maps and other interesting, usefulor fun online resources. Everything Within Walking Distance of Your Home Chronicle List of Top 100 Bay Area Restaurants Chronicle Map of Top 100 Bay Area Restaurants Chronicle Bargain Bites Restaurant List Chronicle Map of Bargain…

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Securing a jumbo: No small task

(Received from the California Association of Realtors) Qualifying for a jumbo loan—those with loan amounts higher than the conventional conforming loan limit of $729,750 in high-cost areas—is more difficult than it was a few years ago. While rates on jumbo mortgage historically have been higher than rates on conforming loans, jumbo loans still are available, but…

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Paragon July Newsletter: What costs how much where

The attached PDF has charts that track year to date sales by property type and neighborhood by number of sales; low, high and median sales price; average days on market (how long it took the home to be designated “pending sale”); and average sales price to original list price (that percentage of original list price…

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California housing market shows pockets of recovery

A surge in home sales that started in some of California’s more affordable inland areas has begun to spread to several more expensive coastal areas, another indicator that the state’s real estate market may be in recovery mode. MAKING SENSE OF THE STORY FOR CONSUMERSMany homes in the lower end of the market are receiving multiple…

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Quick Statistics for the past two weeks

New Listings: 354 – stable, up a little from June 5, down a little from May 1st Back on Market: 98 – up from 78: the number of deals falling through is still very highPrice Reductions: 236 – down from 252, but still very high Went Contingent: 225 – up from 198: market continues to…

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California running out of $10,000 tax credits

First-time home buyers wanting to take advantage of the state’s $10,000 tax credit may have less time than originally expected.  California set aside $100 million to help home buyers purchase newly built homes, hoping to jump start the residential-construction market.  According to state officials, the tactic has worked well and is helping to entice home…

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“Foreclosure Moratorium” explained

Recent news headlines have caused confusion by mischaracterizing the new California Foreclosure Prevention Act as a “90-day moratorium” and incorrectly stating that the lender must modify delinquent loans before it begins foreclosure. In reality, the foreclosure process for certain owner-occupied residential first trust deeds has been extended by 90 days, effective June 15, but an…

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