FBI looks into bid rigging at Foreclosures

  This article from SF Gate was so well written, I decided to quote it pretty much as is. Having been to the courthouse steps, mostly just to see how it’s done, but once to help a client about to have his home sold (we were able to forestall it at the 11:59 hour), this story caught my eye. If you’ve every toyed with buying a foreclosure (and I have plenty of cash rich clients that have) it’s worth the

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Thinking of Remodeling? The Value of Home Improvement – Part 1

Smart upgrades are worth it. Every year a company called Cost vs. Value,  releases a national survey comparing the cost of some of the most popular remodels to value received at resale.  Costs are set up on a per region basis, with San Francisco falling under the Pacific (which includes Oregon and Washington states).  The caveat if you are a city homeowner is, everything in San Francisco is going to be more expensive than our regional aggregate. The annual survey

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Condos: Averages per Neighborhood – Final 2010 Wrap Up

Dollar per square foot is calculated on liveable square footage, which doesn’t include garages, attics, storage or outdoor space. This calculation is based on those sales that reported square footage. Square footage figures are often unreliable or unreported, and average $/sq.ft. figures can fluctuate, but as a general statistic, this gives a relatively fair picture of the progression of condo values by neighborhood in San Francisco. Remember that the average age, size and condition of condos can vary widely by

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Nationally, Home Prices Declined, Rental Prices Increased

According to HotPads.com Rental prices across the US increased 11.6% in 2010, growing from a national average of $1181 per month in January 2010 to $1319/mth by December 2010. The steady increase in rental prices was inversely matched by falling prices of homes for sale, which saw a 9.8% drop over the same period. The rental price increase is a factor of uncertainty in the US, which has forced a transition from a home buying mentality to one more in

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Median Prices In SF Consistent Past 2 Years – 2010 Wrap Up Cont.

These 2 charts are for San Francisco house and condo sales over the past 3 years. From late 2007, early 2008, the median price dropped about 15% and the average dollar per square foot about 18%. However, there has been a remarkable stability over the past 7 quarters: the median was within 1½ % of $700,000 in 5 of the 7 quarters (the 2 other quarters were about 5% above that); and the average dollar per square foot remained within

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