Fed Cuts Rate by .25%

NEWS ALERT from The Wall Street Journal Oct. 31, 2007 The Federal Reserve cut its key lending rate by a quarter point to 4.5% in an effort to fend off a housing-induced economic downturn. In its accompanying statement, officials signaled that growth and inflation risks are “roughly balanced” and policy action to date should help [...]

Rising Inventory Means Lower Prices in Some Big Cities

Daily Real Estate News  |  October 31, 2007 It’s a buyers’ market in many of the nation’s largest cities. Los Angeles, Chicago, and Miami are the top three cities on the list of real estate markets with the biggest housing inventories, according to data compiled by San Francisco-based brokerage ZipRealty. Sellers seem to be adjusting by either [...]

24 Hour Market Watch

Click here for a detailed report of every new SoMa listing within the past 24 hours.

Just Sold

380 10th Street #26 – 2 Bed/2 Bath/1 Parking/1,372 Sq Ft. Days on Market: 12. Neighborhood: South of Market. List Price: $725,000. Sold Price: $735,000.

24 Hour Market Watch

Click here for a detailed report of every new SoMa listing within the past 24 hours.

Real Estate Videos

(Learn more about buying, selling and financing real property. Click on the link to view video features on contemporary real estate subjects.) There are a few interesting stories in here. However, in one of Tom’s stories titled; Renting? It might make more sense to own, Tom points out that San Francisco home buyers need a minimum [...]

24 Hour Market Watch

Click here for a detailed report of every new SoMa listing within the past 24 hours.

Federal Reserve Likely to Cut Rates on Wednesday

Daily Real Estate News  |  October 29, 2007 Will the Federal Reserve, which meets on Halloween, offer Wall Street, and ultimately home buyers, a treat? A deepening of the housing downturn and a drop in home values has persuaded many observers that the Fed will cut key interest rates another quarter point when it meets on Wednesday. [...]

Just Sold

2 Beds/1 Bath/1 Parking/835 Sq Ft – Days on Market: 55. Neighborhood: South of Market. List Price: $585,000. Sold Price: $575,000.  No price reductions.

Millennium Tower Update

Interested in buying a home at the Millennium? They are now compiling a priority list. How does one get on such an exclusive list you ask? You need to pre-qualify with one of their lenders. Bank of America Marta McLeod 622-3832 Chase Bank Debbie Byrne 315-7765 HSBC Bank Amy S. Ku 680-5311 Wells Fargo Bank [...]