Lisa Thompson

With the FASB’s plan on revising and/or limiting mark-to-market accounting rules coming early-April, we will also see increased freedom for markets to sort through the pricing issues that have been preventing any solution to getting these illiquid assets off bank balance sheets so they can extend new credit to businesses and consumers. … Conforming ($200,000 – $417,000) – 1 POINT 30 Year: 4.625%   (5.09% APR) FHA 30 Year: 5.0% (5.21% APR) 15 Year: 4.625%   (4.75% APR) 5/1 ARM: 4.875%   (5.09% APR) Super-Conforming ($417,001 to $625,500 cap by county) – 1 POINT 30 Year: 5.125% (5.2% APR) FHA 30 Year: 5.0% (5.21% APR) Jumbo ($625,500 – $3,500,000) – 1 POINT 30 Year: 6.625 %   (6.83% APR) 10/1 ARM: 6.25%   (6.39% APR) 5/1 ARM: 5.375 %   (5.52% APR) Scenarios assume full doc pricing on purchase or rate/term refi (but not cash-out refi) loans for borrower with 720 FICO score or greater, at least 20% equity (unless FHA), and 6-12 months reserves left over after close (retirement assets counted at 70% of value for reserves).

Remodeling the basement , sunroom , or garage are all cost-effective ways to greatly expand your home’s living space. … Courtesy of: www.servicemagic.com Basement Remodeling Most basements are dark areas where we store seasonal decorations, old toys, and anything else not used on a regular basis.

Main Level has living room w/fp, dining room w/buffet hutch, kitchen, bathroom & breakfast/sunroom that overlooks yard.

… List Price: $860,000 Sale Price: $830,000

For some reason, perhaps just an anomaly, REO sales activity dropped dramatically from the previous 2-week period.

Hotsheet Statistics for the Past 2-Weeks: SF Houses, Condos & TICs (compared to the previous 2-week period) New Listings:                      382 – up from 331 Back-on-Market:                56 – stable Price Reductions: 282 – up a tad (at a very high level) Went Contingent: 129 – down from 147 Contingent REO: 7 – down from 14 Went Pending: 129 – down from 149 Pending REO: 14 – down from 23 Sold: 124 – down from 135 Sold REO: 15 – down from 23 Expired/Withdrawn: 138 – down from 153 (REO = bank owned)

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Qualified buyer: A taxpayer who purchases a single-family residence, whether detached or attached, that has never been occupied, that is purchased to be the principal residence of the taxpayer for a minimum of two years, and that is eligible for the homeowner’s exemption under California Revenue and Taxation Code Section 218. Qualified Principal Residence/New Home: ( Updated ) A qualified principal residence means a single-family residence, whether detached or attached, that has never been occupied and is purchased to be the principal residence of the taxpayer for a minimum of two years and is eligible for the property tax homeowner’s exemption.

The number of new listings coming on the market declined by 20%

The number accepting offers (going contingent sale) increased by 35%

Closed sales went up 75%

Properties coming back on market (i.e. deals falling through) fell by 8%

The number of price reductions—already at very high rates—increased by 18%

Expired and withdrawn listings are relatively stable

26% of house sales were bank-owned properties (REO); 10% of condo sales were REOs

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Comparing the past 2 weeks with the 2-week period, 1/30 – 2/13/09: The number of new listings coming on the market declined by 20% The number accepting offers (going contingent sale) increased by 35% Closed sales went up 75% Properties coming back on market (i.e. deals falling through) fell by 8% The number of price reductions—already at very high rates—increased by 18% Expired and withdrawn listings are relatively stable 26% of house sales were bank-owned properties (REO); 10% of condo sales were REOs PARAGON                   MLS Statistics for the last two weeks, 2/20/09 – 3/06/09                            Districts 1-10 (All SF)

… Comparing the past 2 weeks with the 2-week period, 1/30 – 2/13/09: The number of new listings coming on the market declined by 20% The number accepting offers (going contingent sale) increased by 35% Closed sales went up 75% Properties coming back on market (i.e. deals falling through) fell by 8% The number of price reductions—already at very high rates—increased by 18% Expired and withdrawn listings are relatively stable 26% of house sales were bank-owned properties (REO); 10% of condo sales were REOs

The Uniform Time Act of 1966 provided the basic framework for alternating between daylight saving time and standard time, which we now observe in the United States. … The current system of beginning DST at 2 AM on the first Sunday in April and ending it at 2 AM on the last Sunday in October was not standardized until 1986.

The links below show properties in all stages of the foreclosure process and those that are bank-owned or up for auction.

…FORECLOSURE is the legal process in which a bank or lender sells or repossesses a parcel of real property after the owner has failed to comply with an agreement between the lender and borrower.

Of the 4600+ SF home sales reported in MLS in the last 12 months, sales of REO (bank-owned) properties equaled only 3%, but by last November that had increased to 10%, and as of 2/17/09, they constituted over 15% of all houses and condos currently pending sale. 69% of city REO activity is in houses; 22% in condos; 8% in 2-4 unit buildings; and 1% in TICs. … Average Dollar per Square Foot in Selected Bay Area Zip Codes Antioch    $127 Vallejo    $144 Hayward       $253 Santa Rosa             $268 Napa                $301 Sonoma       $328 SF Bayview             $342 Novato                $348 Danville    $375 Pleasanton             $386 Daly City    $397 San Rafael             $502 Berkeley    $510 The Sunset            $564 Potrero Hill            $658 Saratoga       $672 Mill Valley       $678 Sausalito       $743 Los Altos       $779 Ross                $868 Haight Area    $874 Noe Valley            $ 922 SF Marina       $1127 Atherton    $1179 Per DataQuick for 2008 home sales: approximations for the purposes of comparison only.