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Category Archives: Economy
A Faltering Housing Market?
George may have left office a year ago, but there appears to be a growing consensus that the likely shape of the recovery will be a “W.” How appropriate, if you believe that we are reaping the bitter fruit of … Continue reading
Continued Improvement in the Housing Market or Borrowing from the Future?
The National Association of Realtors (NAR) reported yesterday that existing home sales in October rose to their highest level in more than two years. Nationally, sales were up 10.1% over September and up 23.5% year over year. Most of the … Continue reading
Fears of a New Chill In Home Sales
That was the title of an October 27 article in the New York Times, and, as one of my readers and clients pointed out, it’s what I’ve been tentatively suggesting as a possible scenario for this winter. See here, for … Continue reading
Dead Cat Bounce?
At the end of last month, the media was full of Case-Shiller’s upbeat report on the national housing market for July 2009, its most recent reporting month. Three months of improving sales “continue to support an indication of stabilization in … Continue reading
Waiting for the Other Sheep To Drop… Or Not
Does anyone really know what’s going on? Despite the gloom and doom of my recent posts (Waiting for the Other Sheep to Drop, Alphabet Soup: What Shape will the Recovery Take?), the latest publication of the Conference Board’s Leading Economic … Continue reading
Alphabet Soup: What Shape Will the Recovery Take?
On the anniversary of Lehman Brothers’ demise and the near-collapse of global markets, it seems appropriate to take a step back from our little corner of heaven for a wider view. Given where we were a year ago, the world … Continue reading
The Worst May Be Over According to Big Brain, Ken Rosen
Ken Rosen, Chair of the Fisher School For Urban Economics over at UC Berkeley, has good news for San Francisco home owners. “The recent rise in home prices and sales activity lead us to believe that the worst part of … Continue reading
Posted in Economy, Market news
Tagged Bayview, Condominiums, District 10, District3, Hunter's Point, Marina, Noe Valley, Rosen, San Francisco
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Case Shiller Chimes in With Good News: US Down only 17%!
Case-Shiller published its closely watched indices yesterday. Hooray! The broadest CS index shows that the rate of decline in the nation’s largest housing markets has reversed in recent months. Now we’re only going down 16% year over year instead of … Continue reading
More Grim News on Housing
Saturday’s NY Times proclaims “A Gloomy Outlook for Home Sales’ Big Season.” The headliner, by the way, was “Job Losses Hint at Vast Remaking of U.S. Economy.” Is it really any wonder we have difficulty sleeping a’ nights? Here are … Continue reading
On the Economic Front, A Rare Voice of Optimism
It’s hard to find much cause for hope these days. The headlines tell us every day about tectonic shifts in our economic landscape. We read about layoffs spiraling into the millions, major institutions crumbling, government bail-outs of unprecedented proportion. Just … Continue reading