Signs Of An Awakening Market?

There was a lot of positive news floating around the blogosphere today, I thought I would share a hand full or links with you.

The Realty Times
The Realty times has a piece on the current state of condo development. Where it a dormant sea once stood still, there seems to be some activity lapping to shore. Though not as green or glassy as previous booms, they think there's reason for optimism.

Channel 5 is all up in the videos
Channel 5 has an interesting report from a guy named Hank Plante. His report, filled with "very hard facts", suggests we might have a San Francisco Real Estate bounce back on our hands.

1. Low interests are contributing to a pent up demand.
2. Housing prices are down 10%
3. Foreclosure have help depress (me) and home prices
4. More houses have sold in the last two weeks then the last 6 months combined

That last one seems a little fishy...

Great San Francisco housing Stats

Here's a snippet:

At Current market trends over the next month.
- 1400 active house & condo listings will be joined by 600 new listings.
- 1 in 7 or 8 of those listings will accept an offer to purchase.
- 1 in 8 will expire or be withdrawn from the market (didn’t sell).
- 1 in 4 will reduce its asking price.
- 75 active bank-owned (REO) homes will be joined by 45 new REO listings:
- 1 in 3 will accept offers.

Of the listings that do accept offers, 1 in 3 or 4 will come back on market because the purchase fell through -- typically due to financing difficulties, property condition issues or buyer remorse.


From 24th to 5th, San Francisco shoots up the list of "Best Places to Invest in Real Estate"

I guess last year was a down year for the SF Real Estate market, who knew?