Axis City Living - SHORT SALE?
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There are 19 blog entries for August 2010.
Late August 2010 Update
In the past week or two, there have been hundreds of sky-is-falling articles in every major media outlet about how home sales drastically slumped in July when compared with June and May, or as compared to July of last year, both nationally and in the Bay Area. And that this indicates that terrible times have returned to the real estate market.
But with statistics, context is everything, and these articles show a fundamental lack of understanding of current market context and, specifically, what’s going on in San Francisco.
The first chart below is of the last 2 years’ closed home sales in SF. July 2010 is indeed well below June and May 2010, as well as significantly below July 09 and July 08. However, this is almost
…Getting a New Mortgage after a Foreclosure or Short Sale?
Every week, I receive an interest rate report from one of my local lenders. A few weeks ago, he included some information that was not only interestng, but also a little disturbing. It has to do with how long a person's credit is damaged after a foreclosure or short sale. In other words, when can they qualify for a home mortgage again?
Here's some details:
FHA Loans
• 2 Years after a Bankruptcy discharge date
• 3 Years after a short sale or foreclosure
One exception to the short sale rule: if the client is current on his mortgage and all otherdebt at time of short sale, and an extenuating circumstance can be documented, then the client could get another FHA loan sooner.
…
Week by Week Charts through August 15th, for the past 6 Months: SFD, Condo, TIC, 2-4 Unit Buildings
Market trend charts that track by month and by quarter are more useful, but these weekly-bar charts are snapshots of most recent activity.
Homes Accepting Offers: Relatively stable

Homes For Sale: Declining as summer proceeds. As is typical.
New Listings Coming on Market: Declining as summer proceeds. As is typical. Usually the next big rush of new listings occurs after Labor Day.

Sold Listings vs. Expired/Withdrawn Listings: for the past 3 weeks, more listings are expiring or being withdrawn than closing escrow.

Percent of Listings Accepting Offers: Relatively stable
Median Sales Price for SF Houses: for the week ending
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…Learn more at: http://sfusd.ggnet.net/resources/changes.php
What factors were considered when drafting new elementary attendance areas?
Balancing enrollment with the size of the school.
By STEVE BROWN / The Dallas Morning News
August 11, 2010
Dallas-Fort Worth home prices continued to edge higher during the second quarter.
D-FW was one of 100 U.S. metropolitan areas that saw improved home prices from a year earlier, the National Association of Realtors said Wednesday.
Median home sales prices in the area rose 2.1 percent in the second quarter from the same period the previous year, the Realtors said. That beat the nationwide increase of 1.5 percent.
And it was more than double North Texas' first-quarter gain.
Almost two-thirds of the U.S. markets that the Realtors track had year-over-year price rises at midyear.
But analysts aren't overselling the latest numbers, which are compared with the depths of the housing
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