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“ As Danielle first mentioned before we met in person…you really should "click" with an agent, and we felt we did with Danielle…and very glad we did too.” -David R. & William L.
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Danielle Lazier, Realtor
415.695.0552
Email me
www.DanielleLazier.com
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Real Estate Financial Knowledge
Thursday, September 11. 2008

How is the Inner Sunset real estate market doing? What is the average list price / sale price?
Read the rest of this entry »
Tuesday, August 5. 2008
Our esteemed President has signed the Housing and Economic Recovery Act of 2008 into law. Since I know you can read about the details of this law ad nauseum, I will simply summarize what this means for San Francisco home owners and home buyers.
FHA, Fannie Mae and Freddie Mac loan limits have been permanently increased. For us in San Francisco, we should have the highest loan limits, or $625,500.
This means that more home buyers will qualify for government-backed mortgages and with lower down payments.
For example, I recently helped a couple purchase a really cute single family home in the Ingleside area of San Francisco. They were able to purchase a home with 5% down payment, using a FHA home loan program.
The loans are safe, secure, with long-term fixed rates and allow 1st time home buyers to take advantage of this more even local market.
Keep in mind that this change does not go into effect until AFTER the short-term plan expires. Right now, the loan limit is actually higher. It’s $729,750 but this will expire on December 31, 2008.
If you want to take advantage of the higher conforming loan limits, DO IT NOW! A conforming loan limit of $729,750 will get you into a really nice home in San Francisco. The deals are out there and the savvy will take advantage of the timing.
We now know, 2-3 years later, that the top of the market was in 2005. We are near or at the bottom and won’t know for sure until it’s long gone.
Seize the day.
*Blogger’s note: I used to watch Dead Poet’s Society every summer just before the start of the new school year to get inspired. Yes, I know this both dates and embarrasses me. Oh well!
Monday, July 28. 2008
I know times are tough and I know there is a lot of truth to today’s real estate gloom and doom. Yet, could it be that the mass media is overstating the problem and it some ways, causing more through the psychological warfare of the evening news??
Sure home sales and prices are down in many areas, although not in most parts of San Francisco. Sure, foreclosures are up and the blowback from the subprime mortgage crisis may be threatening banks and secondary mortgage lenders, but, according to “Barron’s” (see the link to the story below), there are some early signs the real estate market is trending in a more positive direction—although you may not know it if you rely on the mainstream media for your real estate news.
Some interesting food for thought from the Barron’s article:
Recent data suggest real estate market pessimism may be overblown. Even economist Karl Case, father of the S&P/Case Shiller Home Price Index, admits many industry pundits and members of the media are ignoring key facts—as demonstrated by their focus on negative year-over-year price figures rather than more recent monthly data. An example: Home prices actually increased slightly in eight of 20 Case Shiller markets between March and April. Instead, the focus of most media reports was on year-over-year figures, which continue to support the notion that the market may not have hit bottom, let alone begun to improve.Â
Transaction-related indices may be skewed at present by a far larger than normal share of subprime-derived default and distress sales. In the San Francisco Bay Area, for example, more expensive homes (those priced over $721,548) have dropped in price by only about 10.7 percent from their peak, compared with homes priced under $473,711, which have tumbled by 40.9 percent.
Even new housing construction numbers suggest an improvement, according to Case. He notes that housing starts, which fell to 975,000 in April from 2.27 million in January 2006, have fallen by similar percentages three times during the last 35 years. Case observes that each previous time this has occurred the market has staged a surprising upturn within a quarter. Only a slide into a recession would temper his optimism about the potential for a similar recurrence of this trend.
Check out the full Barron’s article by clicking here. Â
Wednesday, July 16. 2008

Housing Market Is Showing Signs of a Turnaround
Pending sales of previously owned U.S. homes unexpectedly rose in April to the highest level in six months as foreclosed properties flooded the market and drove prices sharply lower, a real estate trade group report showed.
The National Association of Realtors Pending Home Sales Index, based on contracts signed in April and seen as a key barometer of future housing activity, increased 6.3 percent to 88.2 from an unrevised 83.0 in March.
Read the rest of this entry »
Friday, May 30. 2008
 By David Louie
SAN FRANCISCO, CA (KGO) — San Francisco may be leading a turnaround in the real estate market. Available mortgages and lower prices are major factors, but there may be something else fueling city home sales.
There’s no doubt the latest numbers are an encouraging sign. Perhaps the real estate market is on the cusp of change and sellers seem to agree.
“We kind of decided we’d test the waters and see what happens, and things happened a lot sooner than we thought,” said 79-year-old Beverly Weber, a San Francisco home seller.
To watch the news reel, click here. ABC Local News
Read the rest of this entry »
Wednesday, May 21. 2008
Rooting Out the Rotten Tomatoes
Workers separate tomatoes at the sprawling Central de Abastos market in Mexico City on June 10
Gregory Bull / AP
So how much damage can a few rotten tomatoes really do? The tomato-linked salmonella outbreak announced by the Food and Drug Administration (FDA) on June 3 has claimed 228 victims in 23 states over 58 days (and counting). It has put 25 people in the hospital and may have had a role in hastening the death of a cancer patient. And then there’s the flurry of panic as many of the tomatoes that American consumers take for granted every day suddenly disappear — from McDonald’s hamburgers; from the salsa at Chipotle Mexican Grill; from Burger King, Taco Bell and Sonic; and from the grocery shelves at Kroger, Wal-Mart and Target. Didn’t we just go through this with bagged spinach? With peanut butter? With pet food?
Because the FDA’s tomato-recall recommendation is so specific — including only three types, grown in certain regions during a certain time — and because many national chains pulled their tomato stock within days of the announcement, most of the infected samples have likely been removed. But the outbreak remains ongoing; its source has not yet been determined, and the government is investigating new cases every day. It may be a few more weeks before the delicious staple fruit is given the all-clear.
Taking tomatoes off shelves and menus may contain the outbreak, but it doesn’t explain it. On May 22, the New Mexico Health Department notified the Centers for Disease Control and Prevention that it knew of seven people recently infected with Salmonella Saintpaul, an unusual strand of the bacteria that accounted for only 400 of the 1.4 million cases of salmonella infection reported last year. And it was precisely because occurrences of the Saintpaul strand are so rare that the report caught the CDC’s attention. When Texas and a few other states reported cases of people being infected by bacteria with the same “genetic fingerprint,” a multistate search for Salmonella Saintpaul was launched. While the CDC tracked reported illnesses, the FDA interviewed victims to find out what they had eaten (and where). The common answer was tomatoes.
There have been 13 outbreaks of salmonella in tomatoes since 1990, which puts the fruit on the list of high-risk foods that are prone to infection. But unlike the bagged spinach from the 2006 E. Coli scare, the tomatoes don’t come with a traceable bar code. “When you’re dealing with tomatoes, it is much, much more complex,” explains Dr. David Acheson, the FDA’s associate commissioner for foods. The FDA’s great tomato hunt has an ever-expanding list of suspects. A salmonella victim can point to the supermarket (or restaurant) that sold the offending fruit, but that store probably sources its tomatoes from several suppliers, each of which uses several distributors — and distributors buy from any number of growers.
“Each set of questions just multiplies into a fan of information that has to be sorted through to understand where the links cross over,” says Acheson. Although the FDA has managed to rule out some regions — northern Florida is safe because its tomatoes weren’t ready for harvest at the time of the outbreak — it will be some time until the true source is found. “We’re not quite there yet,” says Acheson, “but we’re getting very close.” But Dr. Ian Williams, chief of the CDC’s OutbreakNet team, warns that the source may never be found due to the fruit’s short shelf life. “You don’t expect to find an infected tomato sitting on someone’s counter 10 days after the outbreak,” says Williams.
Still, the lag time between the initial outbreak and the government’s reaction is startling: the first Salmonella Saintpaul victim fell ill on April 16, but the FDA didn’t announce the tomato link until June 3. Williams says part of the problem identifying salmonella outbreaks is that a lot of victims don’t see the symptoms — diarrhea, fever, vomiting — as sufficiently severe to warrant a visit to the doctor, and so they go undiagnosed. “There may be a delay in reporting outbreaks because people do not have a stool specimen tested,” he says. Officials have not yet identified an infected tomato, and because of the fruit’s short shelf life, they probably never will.
The FDA unveiled a tomato-safety initiative in 2007 that sought to identify causes of salmonella infection, but Acheson admits that studying preventive techniques doesn’t help the FDA deal with outbreaks. The FDA has no plans to change the initiative in the face of the recent outbreak.
Even if the FDA can pinpoint the source of the outbreak, it’s hard for consumers to know where their tomatoes are grown. Certain imported foods are required to carry country-of-origin labels, but that doesn’t apply to domestic produce. “I’m not aware of any tomato outbreak that was not domestic,” says Acheson. There is no such thing as a mandatory state-of-origin label for food, and federal authorities have yet to create such a law. “Saying ‘product of the U.S.’ isn’t necessarily going to confer safety,” he says. So much for reassurance.
Vi ste jeben.
Friday, May 2. 2008
DATA SHOWS $30,000 INCREASE FROM MARCH 2006 TO MARCH 2008.

The Bay Area is traditionally one of the most coveted real estate markets, but national trends also demonstrate the financial wisdom of owning your own home.
According to figures from the National Association of REALTORS over the past 30 years the median price of existing homes has increased an average of more then 6% every year – and home values nearly double every 10 years.
I pulled this information from an article recently posted on Yahoo Financial. Click here read the article in its entirety. Yahoo Finance
Chuck Colliver from the San Francisco Association of Realtors SF Realtors gave his insight.
Enjoy!
Read the rest of this entry »
Thursday, May 1. 2008
This week Zephyr Real Estate, San Francisco’s largest independent real estate brokerage, reported the following sales data:
- 25% received multiple offers
- 62% sold for over the list price
- 3% sold for under the list price
- 33% sold for the asking price
What’s your experience of the real estate market? Does this data surprise you? Have a question about San Francisco real estate? We welcome your questions and comments!
Thursday, May 1. 2008

Are 2–4 unit building prices up or down in your neighborhood? See below for district by district comparisons.
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Fast Facts
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2-4 Units
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District 1
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March 2007
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March 2008
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Number of Sales
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15
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4
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Median Selling Price
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1,340,000
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1,262,500
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Average DOM
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57
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49
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District 2
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March 2007
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March 2008
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Number of Sales
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4
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3
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Median Selling Price
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1,454,500
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1,050,000
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Average DOM
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178
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69
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District 3
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March 2007
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March 2008
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Number of Sales
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0
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0
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Median Selling Price
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Average DOM
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District 4
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March 2007
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March 2008
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Number of Sales
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0
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0
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Median Selling Price
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Average DOM
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District 5
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March 2007
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March 2008
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Number of Sales
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19
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5
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Median Selling Price
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1,435,000
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1,325,000
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Average DOM
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43
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56
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District 6
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March 2007
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March 2008
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Number of Sales
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7
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2
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Median Selling Price
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1,375,000
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1,487,500
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Average DOM
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50
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18
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District 7
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March 2007
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March 2008
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Number of Sales
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5
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5
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Median Selling Price
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2,195,000
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2,125,000
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Average DOM
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70
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31
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District 8
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March 2007
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March 2008
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Number of Sales
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3
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2
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Median Selling Price
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1,888,000
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2,492,500
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Average DOM
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55
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23
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District 9
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March 2007
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March 2008
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Number of Sales
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3
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7
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Median Selling Price
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1,118,000
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1,125,000
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Average DOM
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54
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57
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District 10
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March 2007
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March 2008
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Number of Sales
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3
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2
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Median Selling Price
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900,000
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787,500
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Average DOM
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65
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13
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District 11
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March 2007
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March 2008
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Number of Sales
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0
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1
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Median Selling Price
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680,000
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Average DOM
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151
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Information supplied by San Francisco Association of Realtors. SF Realtors
Read the rest of this entry »
Wednesday, April 16. 2008
Heard on the street….heard at the Zephyr weekly office meeting…heard at a real estate conference on Monday…read in Gretchen Morgenson’s column on April 13th in the NYTimes.
That’s enough frequency to make us ponder the question, “Should you max out your Equity line?”
Read the rest of this entry »
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