If Case-Shiller March Figures were accurate…

I know, I’ve been on this rant before … but every year or so, I just have to vent again.  Mostly because I get tired of hearing one of my very good friends and/or highly intelligent financial advisors my clients are working with quote the index … ‘According to the Case-Schiller index prices are down over 40% in SF.’ Case-Schiller, oft touted as being the most unbiased, thereby accurate measurement of home prices is an index that started 21 years

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Prices over the Years: 2 Bedroom Tenancies-in-Common

2 Bedroom Tenancies-in-Common Click on graph The periods in which both the lowest and highest number of sales occurred in each area are noted. When the number of sales is very low, statistical analysis is generally not meaningful. The Median Sales Price is that price at which half the properties sold for more and half for less. It may be affected by “unusual” events in any particular period or by changes in buying trends, such as a market shift to

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$10,000 CA Tax Credit more than 65% gone in 3 months

As of May 20th 2009 the new home California $10,000 tax credit is over 65% gone.  May has seen a huge spike in new home sales and being as the credit cannot be applied for until escrow closes, and is on a first come first serve basis, the window to qualify may be gone as early as mid June.   New numbers are updated every Friday. Two state lawmakers have applied to extend that credit from $100m, to $300m (the

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Credit Cards and FICO Scores

This one has always bugged me. And the FICO folks don’t seem to see the irony in it (meaning, they have no plans to change it)… NPR’s Planet Money blogged about this today, and I think it’s worth posting, as I imagine that many are not aware of the ramifications of doing something that would seem like the ‘right thing to do’. Basically, if you close a credit card account, it hits you negatively in multiple ways. First, it stays

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Prices Over the Years: Appreciation & Depreciation in Selected San Francisco Neighborhoods

3 Bedroom Houses* Click on Graph * For St. Francis Woods, both 3 and 4 bedroom houses are included in the analysis to achieve a statistically meaningful number of sales. ** With so few sales in these areas during this period, the median price is not statistically meaningful. The Median Sales Price is that price at which half the properties sold for more and half for less. It may be affected by “unusual” events in any particular period or by

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