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Prop 98 Eliminates Rent control - 03/29/08 05:14 PM
The Public Policy Institute of California did a survey on March 26 of this year to see how Californians feel about the what would effectively eliminate rent control. This would seriously impact the cost of renting in San Francisco. Two of the initiatives in the California primary this June 3rd, Prop 98 and Prop 99 are about eminent domain.Wikipedia: Eminent domain. The inherent power of the state to seize a citizens private property, expropriate property, or rights in property, without the owner's consent. The property is taken either for government use or by delegation to third parties who will devote it … (2 comments)
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California Association of Realtors: Market Report - 03/26/08 05:40 PM
Homes Prices Sinking FastSales decrease 28.5 percent, median home price falls 26.2 percent in FebruaryHome sales decreased 28.5 percent in February in California compared with the same period a year ago, while the median price of an existing home fell 26.2 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today."Although sales rose for the fourth straight month in February by 9.5 percent compared to the previous month, they continue to be dragged down by the ongoing effects of both the credit/liquidity crunch and tighter underwriting standards that have reduced the pool of qualified buyers who can obtain a loan," said C.A.R. … (1 comments)
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San Francisco Property Owners: A Calendar of Important Events - 03/25/08 12:20 PM
Straight from the sfgov web site are the most important dates for property owners in San Francisco. Bookmark this page for reference.
Thanks for Reading
Howard
www.yourpropertypath.com
A 450 page real estate resource focused primarily on property management.
Your Property PathSF
A blog for San FRancisco, trade talk and more for owners and managers
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How to Spot a Rogue Moving Company - 03/23/08 02:01 PM
Scam Protection
San Francisco has a lot of people moving in to the area to fill high tech jobs from Palo Alto to media gulch in SOMA. We have heard some horror stories not only regarding the rents people have to pay, but also Moving company scams. Rogue movers typically work like this:Without ever visiting your home or seeing the goods you want moved, they give a low-ball estimate over the phone or Internet. Once your goods are on their truck, they demand more money before they'll deliver or unload them. They hold your goods hostage and force you to pay more, … (0 comments)
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Property Management Tip: Security Deposit Interest Rate is 5.2% - 03/22/08 04:22 PM
San Francisco Security Deposit Interest Rate The rate for security deposit interest remains @ 5.2%. The new rate is effective March 1, 2008, through February 28, 2009.*Special thanks to badarama for the best piggy bank ever
Thanks for ReadingHoward www.yourpropertypath.com A 450 article website focused on property management Your Property PathSF * Your Property PathSF is a blog I recently launched. it will cover property management tips, code and rent board rules and generally anything that will help an owner or manager of San Francisco property
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Mortgage Rates Up Again - 03/16/08 06:31 PM
This is the most recent Freddie Mac report on mortgage rates. The Fed just cannot get these rates down, putting pressure on real estate sales and ownership. Following are the rates as of March 13, 2008
30-year fixed-rate mortgage: Averaged 6.13 percent up an average 0.5 point for the week ending March 13, 2008. Last year at this time, the 30-year FRM averaged 6.14 percent.
15-year fixed-rate mortgage: Averaged 5.60 percent up a 0.5 point from last week when it averaged 5.47 percent. A year ago at this time, the 15-year FRM averaged 5.88 percent.
Five-year Treasury-indexed ARMs: Averaged 5.58 percent this … (2 comments)
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Market Factors That Support Home Values - 03/15/08 06:26 PM
If you are looking to buy a home now you need to be more particular than ever before. Real estate prices are still in decline and these up down cycles can typically last ten years or more. To protect yourself against ill winds there are some things that should look for when buying in difficult markets.
Factors that Stabilize price1. Good Schools: Homes near better schools will sustain value. There is a greater demand by home buyers to be near well rated schools.2. Supply Demand: If you can choose an area close to the city center, where new development is limited that … (0 comments)
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Multi Family Housing; A Healthy Sector - 03/08/08 05:40 PM
The National Multi Housing Council recently issued a press release on the health of the residential markets.
Our residential markets have a lot going for them these days and are a light in a gloomy marketplace. When people wont or cant buy, they rent. The demand for rental units has risen dramatically and even rent controlled markets are seeing good returns on their investment. As rent controlled units come back on the market they are able to go to market rates. Some units are able to double or quadruple their rent flow, if a unit has been occupied for many years. … (0 comments)
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Howard Sobel
San Francisco,
CA
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