The economic stimulus package working it’s way through the House offers some outstanding news for local San Francisco real estate. If passed (and we think it’s likely to), the conforming loan limits for Fannie Mae backed loans will increase substantially. Conforming loans have MUCH lower interest rates. What this means is that more home buyers will be able to afford real estate in the Bay Area. This is great news for 1st time buyers as well as anyone who wants to take … [Read more...]

”It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to heaven, we were all going direct the other way–in short, the period was so far like the present period, that some of … [Read more...]

This week, Zephyr Real Estate, reported the following sales: 31 Properties Sold 12 Received Multiple Offers 4 Sold at the Asking Price 16 Sold under the Asking Price 11 Sold over the Asking Price At today’s office meeting, we discussed the state of our local market. In giving his thoughts, our manager told us that he is seeing A LOT of Realtors making purchases. We are the ones most on the inside of the market so if we are buying, YOU should be buying. There is likely only about … [Read more...]