Weekend Events and the Weekly Real Estate Update

March '16 - It's Friday

This weekend make your way down to Macy’s at Union Square where the opening day of the Annual Flower Show will be taking place. This year’s theme is “America the Beautiful” and will celebrate the diversity of landscapes that America has to offer. The event is free of charge and kicks off on Sunday, March 20th.

Also on Sunday, FunCheap is hosting the “National Corn Dog Day Festival” in SoMa. There is a $5 cover charge, but with that you will receive a complimentary beer or bootle of water. More details can be found here.

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On the “Homes for Sale in San Francisco” front, here’s our report for this week, 3/13/15 – 3/19/15:

According to Richard Scheinin with the San Jose Marcury News, CoreLogic’s latest national numbers show that 4.3 million mortgages – 8.5 percent of all properties – remained underwater at the end of 2015. That means owners had an outstanding loan balance that was higher than the value of their property.

While that number is big, it points to continuing improvement in the housing market. One year earlier, 5.3 million homes were underwater: 10.7 percent of all properties.

Closer to home it is a different, and better story. We didn’t see as many homes go underwater during the downturn, and at the end of of 2015 the San Francisco-Redwood City-South San Francisco metro area had the highest percentage of mortgaged properties in a positive equity position in the country – at 99.3 percent.

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