Archive for April 23rd, 2009

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Top 10 Lists Times Two

April 23, 2009

Don’t cha just looove lists?  We do.  Here are a couple of real estate lists we found interesting as of late.

Continued Price Drops Most Likely in these Top 10 Cities:

  1. Orlando, FL
  2. Miami, FL
  3. Jacksonville, FL
  4. Tampa, FL
  5. Los Angeles, CA
  6. Phoenix, AZ
  7. Las Vegas, NV
  8. Oakland, CA
  9. San Diego, CA
  10. New York, NY

Source:  Forbes

The Top 10 Cities with the Highest Foreclosure Rates:

  1. Las Vegas, NV
  2. Merced, CA
  3. Cape Coral-Fort Myers, FL
  4. Stockton, CA
  5. Riverside, CA
  6. Modesto, CA
  7. Bakersfield, CA
  8. Vallejo-Fairfield, CA
  9. Phoenix, AZ
  10. Port St. Lucie, FL

Source:   Associated Press

Which cities make both lists?  That would be Phoenix, AZ and Las Vegas, NV.  Ouch. For more countdown and ranking articles, click HERE.

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Posted in Countdowns & Rankings, News | Tagged , , , , , , | 2 Comments »

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Your builder doesn’t care about you

April 23, 2009

This story comes to us from Atlanta, GA.  It illustrates a little tip to those of you looking to get into a real estate investment or purchase a home.  Here’s the advice:  Your builder does not care about you.

How do we know?  Let’s take an example from this Atlanta story.  Why Atlanta?  Well, we don’t want to smear anyone in SF on a public message board, but 2,500 miles away in the A-T-L… we’re blowing the whistle.  Off the public board, however, we advise our clients how things shake out here locally.

Anyhoo, there is a company that built a high rise condo building in Midtown Atlanta in 2004.  Units sold like hotcakes at the time.  The sales center opened and it was like an old west land grab over the ~380 units.  The building, named “Spire”, caters to a young, professional, and hip crowd addicted to city living, incredible views, and night life that never ends.  Owners happily moved and settled in.  The builder had acquired a nice batch of customers.

Spire was a hot commodity in '04.

Spire was a hot commodity in '04.

Fast forward to 2007.  The same builder went directly across the street and built Read the rest of this entry ?

Posted in Appraisal 101, Home Buying, Home Selling, Tips | Tagged , , , , , , , , , | 1 Comment »

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Some banks now honoring $729,750

April 23, 2009

It’s official.  This past Monday some banks started honoring the new old $729,750 jumbo limit.  If you’re in the market or looking to refi, you now have a good chance of your bank having rolled this out… so give ‘em a ring.

And can we say we called it?  Last year when we wrote about the limit going away, we said “till next time!” We had a feeling it would come back.  It feels good to be right.

Ok dude, it's cool but it's not THAT cool.

Ok dude, it's cool but it's not THAT cool.

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Pocket Listings for 4/22/2009

April 23, 2009

What is a pocket listing? A pocket listing is a home that is not being advertised to the general public through the MLS or a listing that will come on the market in the future but right now is still a secret. Many homes in San Francisco sell while off the open market, so pocket listing culture is a big deal. Every week, we’ll be sharing info about pocket listings that we know about. Information on pocket listings is sparse and secretive, so pardon us if we seem short on details for the purposes of our blog. If you are interested in learning more, you can click HERE to contact us. Without further ado, here are this week’s pocket listings:

Pocket Listings!!
Out of our pocket and over to you

To see this week’s pocket listings, continue reading –>

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