Greetings!
September 2008 --

When I tell people I meet that I am a realtor, they gasp. How's the market? Is it bad in San Francisco?

There's no yes or no answer to that question. Like the weather, San Francisco has many real estate micro-climates. While some homes may languish on the market, others are getting 21 offers - sometimes just down the street from each other!

Well-maintained, well-presented properties that are priced well will attract buyers. Homes that seem to offer value attract buyers.

If you're a buyer out there and see something you like because it seems like a good deal, chances are, other buyers out there are just like you. You could be writing offers in a competitive situation, which means, guess what -- potentially offering over the asking price.

If you're a seller out there and think it's a seller's market where you can ask for the moon and the stars and still have people beating down the door, lining up to get in and write offers right there at the open house.... even if that's what it was like when you bought, guess what. Those days are gone.

There are deals to be had if you want to do the work; short sales, REO's, auctions, etc. You'll be competing with investors and looking at long time frames before knowing if the house is yours. You'll also be faced with limited disclosures, potentially poorly maintained properties or other wildcards you may not have bargained for.

It's real estate realism these days - be realistic in your expectations and trust your realtor to know what the market is doing in your neighborhood or on your street (or the street you want to be on!).

Good luck!
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July 2008 -- 

I see a trend of people moving back INTO cities, trading long, expensive commutes for a little pricier real estate, public transportation and urban amenities. After all, you may or may not be able to deduct the cost of your gas, but most people can deduct some or all of their  mortgage interest. (Disclaimer: This is not tax advice! Your mileage may vary; please consult a tax professional!)

Over time, this phenomenon could create opportunities for sellers as demand increases in urban areas. Buyers might also see an increase in competition for desirable properties as people flock to denser areas and transit hubs.

There are definite buying opportunities in some parts of town. If you have the resources, buying an investment property might make sense at this time.
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