Category archive - For Fun

San Francisco International Art Festival

San Francisco International Art Festival
May 20 to May 31, 2009

The sixth annual San Francisco International Arts Festival is taking place amidst what can only be described as extraordinary times. Many people are being forced to confront some of their most fundamental assumptions about society and the world we live in. It is in these vacillating and uncertain that the arts are so important. Artists are the gateways to inspiration, the agent provocateurs of tantalizing ideas, and the shamans who can reveal truth and meaning through the intangible acts of movement, gesture, melody and word.

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San Francisco Market Statistics May 2, 2009

Hotsheet Statistics for the Past 2-Weeks: SF Houses, Condos & TICs (compared to the previous 2-week period)

 

The last 2 weeks had the highest number of listings going contingent or pending since September 2008 indicating a significant pick up in the number of listings accepting offers.


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Federal Reserve leaves key interest rate unchanged

The Federal Reserve today voted to maintain the current target range for the federal funds rate at 0 percent to 0.25 percent, anticipating that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period.

“The economy has continued to contract, though the pace of contraction appears to be somewhat slower,” the Fed said in a prepared statement. “Household spending has shown signs of stabilizing but remains constrained by ongoing job losses, lower housing wealth, and tight credit. Weak sales prospects and difficulties in obtaining credit have led businesses to cut back on inventories, fixed investment, and staffing. Although the economic outlook has improved modestly since the March meeting, partly reflecting some easing of financial market conditions, economic activity is likely to remain weak for a time,” and inflation will remain subdued.

As previously announced, the Fed will continue to provide support to mortgage lending and housing markets and to improve overall conditions in private credit markets, and will purchase a total of up to $1.25 trillion of agency mortgage-backed securities and up to $200 billion of agency debt by the end of the year. In addition, the Federal Reserve will buy up to $300 billion of Treasury securities by autumn.

Source:  California Association of Realtors®

Fast Facts for the San Francisco Real Estate Market

Set forth are side by side comparisons of Single Family Residence, Condominium, and 2-4 Unit Dwelling sales activity for March 2008 and March 2009

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Fun websites for San Francisco

A variety of useful, interesting or fun websites for San Francisco and the Bay Area.

How Paragon Ranks In the Bay Area

The SF Business Times’ new ranking of the Largest Residential Real Estate Firms in the Bay Area has just come out, based upon 2008 gross sales.

 

Paragon is #10 in gross sales, and for brokerages with at least 100 agents, Paragon is #1 for the highest average sales per agent.

 

 

Renting vs. Buying

The Renting vs. Buying comparison is coming more into balance ­ the media have begun noticing this. So, using an excellent online calculator that Residential Pacific Mortgage provides, you can see a sample analysis that you might find useful, comparing $2600 rent to purchasing a $650,000 home with 20% down at a 5.25% interest rate with 1 point. 

 

Very interesting!

 

Download as PDF

San Francisco International Film Festival

The next San Francisco International Film Festival takes place April 23–­May 7, 2009

Visit Festival site http://www.sffs.org/sf-intl-film-festival.aspx

Founded in 1957, the San Francisco International Film Festival is the longest-running film festival in the Americas. Held each spring for two weeks, the International is an extraordinary showcase of cinematic discovery and innovation in the country¹s most beautiful city, featuring some 150 films and live events with more than 100 filmmakers in attendance and nearly two dozen awards presented for cinematic excellence. The Festival attracts an annual audience of more than 80,000.

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C.A.R. Launches Mortgage Protection Program

To help provide first-time home buyers with peace of mind when purchasing a home, the C.A.R. housing Affordability Fund (C.A.R.H.A.F.) is offering a new mortgage protection program to first-time home buyers. 

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