April 2008

There are 6 blog entries for April 2008.

The historic Kress Lofts building in downtown Fort Worth has been purchased and I had the opportunity to meet with the new owner to discuss his plans for the future.   The historic Kress building was built by H.S. Kress and Co. in 1896. The Fort Worth building was one of over 250 five-and-dime buildings built by the company between 1896 and 1955. The building features the Art Deco style found in many of Fort Worth’s historic downtown buildings.  Photo courtesy of Kevin Buchanan, Fortworthology.com Currently the Kress building offers open concept loft spaces for lease from 867 square foot to 1,144 square feet on the floors above their ground floor retail. Many of you will remember this building because it is also home to the Fox and Hound…
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In honor of earth day I'm reporting first about an earth-friendly development that I am very excited about. Urban Race street is a development consisting of about 4 acres at the Six Points urban Village about a mile east of downtown. The development will offer Class A office space, retail space and they just recently recieved zoning for their green urban lofts!   Each loft will range in size from approximately 847 square feet to 1,220 square feet. They will all feature attached garages, balconies, open loft floorplans and many green features like; American Clay walls, custom organizational components, cool roofs, outdoor living spaces, native landscaping, low VOC interior finish choices, high seer HVAC, permeable hard surfaces, regional…
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This Week in Mortgage Sports


Rough Week For Rates - But A Late Rally?
 

What an anomalistic time we are in!  The current price of the Treasuries would indicate our mortgage rates should be in the 5.25% neighborhood, WRONG.  It may not matter how low the Fed lowers rates if none of the lenders are buying money.  Thus, our rates have crept from 5.75% to 6% in just a few days.  Well it looks like help is coming.  Freddie Mac has agreed to buy $15B worth of mortgage in an effort to add more liquidity to the market.  This will free up more money for banks to lend to our borrowers!  Rate help may be here.


 Chart  Read More    

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Median Sales Price Appreciation of 2 Bedroom Condominiums
in Selected San Francisco Neighborhoods*

Neighborhood

Median Price
1/1-6/30/94

    Median Price 
    1/1-6/30/99          

Median Price
1/1-6/30/04

Median Price
9/24/07-3/24/08

Appreciation
since 1994

Pacific Heights

$ 325,000

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Thursday, April 17, 2008

Yesterday’s CPI more or less met forecasts (.3% increase in the overall reading and the 0.2% rise in the core data), March’s Housing Starts report was a surprise, however, and showed a much larger than expected decline in starts of new homes: the nearly 12% drop in starts of new homes is their lowest level in 17 years (Mostly blamed on multi-family starts). March’s Industrial Production report showed a 0.3% rise in output at U.S. factories, mines and utilities, stronger than the 0.1% decline that was expected, pushing rates higher. All in all, in spite of longer-term rates heading up, most economists still believe that the Fed will cut overnight rates again at the end of the month.

 

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The Chronicle has a large number of informative web pages,

25 SF Neighborhoods: tons of information: descriptions, maps, history, culture, sights, shopping, restaurants:

www.sfgate.com/traveler/guide/sf/neighborhoods/  

Bay Area Transportation: parking, driving, traffic conditions, airport info, public transport: www.sfgate.com/traveler/guide/transportation/

 

SF Food & Dining: restaurant reviews, etc: www.sfgate.com/food/

 

Bay Area Weather: www.sfgate.com/weather/

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