Archive for July 2009 | Monthly archive page

Planning Department – New Hours

I thought it would be helpful to let everyone know that the Building and Planning , 3R division, ask desk at Planning, etc. at 1660 Mission Street have new hours that start at 9:30am. This change took place on 7/15. 

1995 to Present: SF Median Home Prices

Please note some neighborhoods have had very few sales.  Conclusions could be hard to draw because of this.

1995 to Present: SF Median Home Prices (PDF)

Where the SF Market is Trending: Summer Slowdown?

San Francisco home market trends as of June 30, 2009. The market continues to strengthen, though the typical summer slowdown is starting to take place and will probably be reflected in July’s numbers.

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 often come with stringent underwriting requirements.  Prior to the credit freeze, borrowers of jumbo mortgages could qualify for loans with a 5 percent down payment, credit scores of 620 and enough money in the bank to cover two months of payments.  Now, borrowers typically must have six months’ reserves, a 700 credit score, and a down payment of at least 20 percent.

Click here for the full New York Times Story.

10 Pricey Cities That Pay Off – SF is #1

The is an excellent US News & World Report article about cost vs. value in real estate: what you get for what you pay in different cities. This article rated San Francisco #1 in its list of top 10 productive/valuable cities: