Howard Sobel's (howardsf) Blog

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RECENT BLOG POSTS
San Francisco Housing Trends Compared to bay area markets we should feel blessed. Many of the bay area communities are seeing price declines of close to 45% from 2007-2008. DQnews.com reports: The median price paid for all new and resale houses and condos combined in the nine-county Bay Area fell...
12/20/2008
 FDIC Proposes to Guarantee 2.2 Million Modified Loans The idea is to help borrowers with weak credit or small down payments. Borrowers would get lowered interest rates or longer loan terms to lower payments. This program can last for a period of time, giving owners some breathing room. The progr...
11/15/2008
  National Association of Realtors in Orlando Lawrence Yun, economist for NAR at the Orlando conference notes that the depth of the current recession depends on the housing market’s recovery, and that will depend on stabilizing prices and inventory absorptions Home sales showed their first increa...
11/09/2008
The 1-Year ARM, However, Rose This Week McLean, VA Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey: 30-year fixed rate mortgage: Averaged 6.04 percent with an average 0.6 point for the week ending October 23, 2008, down from last week when it averaged 6.46 ...
10/29/2008
 What is it The London Interbank Offered Rate is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the London wholesale money market. Most variable mortgages and short term loans are based on this rate. If it goes up your ARM follows...
10/19/2008
 Most of the country is having quite a lot of trouble, but San Francisco has held up. We have a strong diversified work environment and we balanced the budget. All of these things and a good strong tech industry has helped keep us above the fray. One good indicator of home prices is the County As...
10/08/2008
This is a very good project that has been fully supported by the Russian Hill Neighbors Association, a nonprofit neighborhood organization established in 1981 to encourage friendly association among Russian Hill neighbors and merchants and to respond to neighborhood concerns. Greening the Broadwa...
10/04/2008
Everything after this week is old history. Still, it hasnt been all that bad for us. Dataquick reports that bay area regional home sales had a slight uptick. No doubt due to bargain hunters picking up seemingly deep discounts of 30% or more. The nine-county region saw a total of 7,232 new and res...
09/21/2008
Still Solvent After all These Years Mayor Gavin Newsom today welcomed Moody’s upgraded bond rating for the City and County of San Francisco. According to its most recent ratings, Moody’s upgraded the City’s general obligation bond rating to Aa2 from Aa3 and revised the rating outlook to Stable fr...
09/20/2008
The national numbers are clouding the fact the the number of foreclosures is actually declining in many parts of the country. "Jay Brinkmann, MBA's chief economist and senior vice president for research and economics. Increases in foreclosures seen in California and Florida overshadow improvement...
09/17/2008
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