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		<title>Experts say San Francisco approaching housing bubble</title>
		<link>http://homesmillbrae.com/2362/experts-say-san-francisco-approaching-housing-bubble/</link>
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		<pubDate>Thu, 15 Aug 2013 23:22:49 +0000</pubDate>
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				<category><![CDATA[SF Bay Area News]]></category>
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		<description><![CDATA[SAN FRANCISCO (KGO) &#8212; Despite rising interest rates, there&#8217;s been a frenzy of home buying activity in San Francisco. That has some real estate experts concerned the market could be overheated. The experts at RealtyTrac told 7 On Your Side &#8230; <a href="http://homesmillbrae.com/2362/experts-say-san-francisco-approaching-housing-bubble/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p class="storyIntro">
<span class="storyDateline">SAN FRANCISCO (KGO) &#8212; </span><br />
Despite rising interest rates, there&#8217;s been a frenzy of home buying activity in San Francisco. That has some real estate experts concerned the market could be overheated.	</p>
</p>
<p> The experts at RealtyTrac told 7 On Your Side that home prices have increased 28 percent in the Bay Area from the time the housing market hit bottom in February 2012. In San Francisco, the prices have risen even more dramatically. </p>
<p> Brian Miller saw first hand how frantic the housing market in San Francisco can be right now. </p>
</p>
<p> <!-- end relatedMod for "links" --> &#8220;I found myself being constantly outbid, putting in offers of 20 percent over asking, getting outbid at 50 percent over asking in cash,&#8221; Miller said.
<p> That type of activity didn&#8217;t surprise Serena Kokjer Greening of Guarantee Mortgage. She says the small number of homes for sale combined with the improved employment picture is leading to bidding wars. </p>
<p> &#8220;You&#8217;ll see properties getting six, eight, even 20 offers which, you know, hadn&#8217;t happened in four to five years here,&#8221; Kokjer Greening said. </p>
<p>     All those offers mean rising prices taking us closer to the bubble, the point when homes are considered overpriced.  </p>
<p>     The Vice President of RealtyTrac Daren Blomquist says we&#8217;re still 21 percentage points below the peak of the housing bubble in the Bay Area. </p>
<p> &#8220;But then if you focus in on the city, that&#8217;s where we&#8217;re very close actually to the peak of the housing bubble in San Francisco,&#8221; he said. </p>
<p>  Blomquist says San Francisco is just 6 percentage points from reaching that bubble stage. </p>
<p> &#8220;I think it&#8217;s pretty dangerous,&#8221; he said. </p>
<p> &#8220;Today I received probably my eighth denial of a modification,&#8221; San Francisco resident Gale Rosboro said. </p>
<p>     Rosboro wrote President Barack Obama and the White House forwarded her case to the Treasury Department to assist her in getting a modification from Wells Fargo. So far, even that hasn&#8217;t helped. </p>
<p> &#8220;They&#8217;ve made no move towards working with me to get a modification,&#8221; Rosboro said. </p>
<p>  In an email, Wells Fargo told 7 On Your Side, &#8220;We have worked with Ms. Rosboro for nearly three years and will continue to try to identify options that are appropriate for her individual financial circumstances. Our foreclosure rate is less than 1 percent.&#8221;  </p>
<p> Ironically, rising home values could make it even more difficult for struggling homeowners to get modifications.  </p>
<p>     &#8220;I think that people are barely hanging on. There have been a lot of cuts and its been very difficult for families,&#8221; Alliance of Californians for Community Empowerment spokesperson Grace Martinez said. </p>
<p>      Blomquist predicts another round of foreclosures in San Francisco in the coming months.  </p>
<p>     &#8220;Four of the last five months in San Francisco foreclosure starts have increased from the previous month,&#8221; he said.  </p>
<p>     Blomquist advises home buyers to be patient and not feel you have to buy right now. </p>
<p>      Miller waited and found something he could afford. &#8220;It feels great, I mean I&#8217;m very excited, he said. </p>
<p> RealtyTrac says the next wave of foreclosures in San Francisco won&#8217;t be an overwhelming flood, but it does expect an uptick. </p>
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<p>Article source: <a href="http://abclocal.go.com/kgo/story?section=news/7_on_your_side&id=9196447">http://abclocal.go.com/kgo/story?section=news/7_on_your_side&id=9196447</a></p>]]></content:encoded>
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		<title>Proposition 8 same-sex marriage battle heads to Supreme Court: Bay Area &#8230;</title>
		<link>http://homesmillbrae.com/2095/proposition-8-same-sex-marriage-battle-heads-to-supreme-court-bay-area/</link>
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		<pubDate>Tue, 26 Mar 2013 12:55:42 +0000</pubDate>
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				<category><![CDATA[SF Bay Area News]]></category>
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		<description><![CDATA[From a cupcake bakery in Oakland and a Latino church in San Jose to the snowy steps of the U.S. Supreme Court, Bay Area residents are anxiously awaiting arguments to begin Tuesday in the contentious and historic same-sex marriage debate &#8230; <a href="http://homesmillbrae.com/2095/proposition-8-same-sex-marriage-battle-heads-to-supreme-court-bay-area/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><span />
<p class="bodytext">From a cupcake bakery in Oakland and a Latino church in San Jose to the snowy steps of the U.S. Supreme Court, Bay Area residents are anxiously awaiting arguments to begin Tuesday in the contentious and historic same-sex marriage debate that began on the steps of San Francisco City Hall.</p>
<p>&#8220;It&#8217;s the civil rights issue of our time,&#8221; said Jordan Haedtler, of Oakland, who traveled to Washington and has been camping out in the wet snow in front of the Supreme Court for three days hoping to snag a seat for Tuesday&#8217;s arguments.</p>
<p>&#8220;We always said if it went all the way to the Supreme Court, we&#8217;d go,&#8221; said Haedtler, who is straight but wants his gay friends to gain the right to marry.</p>
<p>Whether they have a direct stake </p>
<p><span class="articleImage"><img src="http://homesmillbrae.com/wp-content/plugins/rss-poster/cache/2a53b_20130325__realpeople%7E1_300.JPG" width="300" height="217" alt=" Proposition 8 same sex marriage battle heads to Supreme Court: Bay Area ..." border="0" title="Proposition 8 same sex marriage battle heads to Supreme Court: Bay Area ..." /></span>in the issue or not, people across the Bay Area are closely following a case that challenges traditional notions of family, but one that many believe is a fundamental issue of equality. Tuesday, the justices will hear arguments over whether California&#8217;s voter-approved same-sex marriage ban, Proposition 8, is unconstitutional. On Wednesday, the court takes up the federal Defense of Marriage Act, which bars same-sex couples from receiving federal benefits.
<p>The court&#8217;s decisions in the landmark cases are expected in June, more than nine years after San Francisco Mayor Gavin Newsom defied state law by allowing gay weddings at City Hall. California Attorney General Kamala Harris, who was San Francisco&#8217;s district attorney when the first gay </p>
<p>weddings were performed there, has a reserved seat in the courtroom.
<p>So does San Franciscan Jean Podrasky, who is the first cousin of Chief Justice John Roberts and traveled to Washington this week with her lesbian partner. Despite his conservative reputation, Roberts sided with the majority last year upholding President Barack Obama&#8217;s health-care law and is considered unpredictable on same-sex marriage.</p>
<p>In an open letter she wrote for the National Center for Lesbian Rights published on Monday, Podrasky called Roberts &#8220;a good man&#8221; who is &#8220;wise enough to see that society is becoming more accepting of the humanity of same-sex couples.&#8221;</p>
<p>It is an issue, however, that still divides the state and country. But just as ?Obama&#8217;s position on same-sex marriage &#8220;evolved&#8221; since he first took office in 2009, many have changed their attitudes. While 52 percent of voters approved the Proposition 8 ban in the 2008 election, a Field Poll last month shows 61 percent of California voters approve of same-sex marriage now. Only 32 percent disapprove.</p>
<p>Nestor Morales, a pastor at Amor Agape church in South San Jose, is one of them. While he isn&#8217;t &#8220;crusading&#8221; against gay marriage, he hopes the court upholds Proposition 8.</p>
<p>&#8220;We love gay people, and Jesus loves them, too. But we are just going to maintain our ground that marriage is sacred, and is between a man and a woman,&#8221; Morales said. &#8220;We are not judges; God will judge. God is the highest authority, and he is going to judge even the judges.&#8221;</p>
<p>Henry Heller, 85, lives in an assisted living facility in Gilroy and said the same-sex marriage debate is one more sign that the &#8220;Democrats&#8217; war on religion is paying off.&#8221;</p>
<p>Marriage, he said, should remain between a man and a woman. &#8220;If two women want to live together or two guys, all right, fine,&#8221; he said, &#8220;but I don&#8217;t think they should be considered man and wife.&#8221;</p>
<p>Angella ?Tai, a 34-year-old real estate agent from Los Altos, says she hopes people will change their minds like her conservative Chinese mother did.</p>
<p>&#8220;It took me years with my mother, but she has changed her point of view and absolutely adores my fiancée,&#8221; said Tai, 34, who plans to wed her partner next summer. &#8220;We would like it to be legal. In our hearts we really want that.&#8221;</p>
<p>But the case is bigger than that, she said. &#8220;We have the opportunity to become a better nation, a nation of equality and a nation of fairness.&#8221;</p>
<p>It&#8217;s an ideal shared by Dashiel Ridolfi-Starr, the 17-year-old son of Linda Starr and Cookie Ridolfi of San Jose, who have been a couple for 25 years. The high school senior and his older sister were conceived through artificial insemination. While his mothers have no immediate plans to marry, the whole family is fixated on the case.</p>
<p>&#8220;It would allow my family to have the same opportunities that every other family has and to be perceived as every other family is,&#8221; Ridolfi-Starr said, &#8220;not just some makeshift collection of relatives.&#8221;</p>
<p>In Oakland, Janet Appel has seen firsthand the power of marriage among same-sex couples. She performed the first gay marriage ceremony in Alameda County in 2008 during the five months gay marriage was legal in California before Proposition 8 banned it.</p>
<p>&#8220;For them to have lost that right is just gut-wrenching,&#8221; said Appel, a volunteer deputy marriage commissioner for the county clerk-recorder&#8217;s office. &#8220;When they bury Prop. 8, please dear God, it will be redemption for most of us that believe that all people are equal.&#8221;</p>
<p>Kevin Bell is 36, a veteran raised in Livermore and living in Manteca who calls the whole debate &#8220;silly.&#8221;</p>
<p>&#8220;I think we&#8217;re going to look back in 20 years and say &#8216;Why were we still arguing about this stuff?&#8217; &#8221; said Bell, who is married with three children and runs That Takes The Cake bakery in Oakland. &#8220;I don&#8217;t have a huge stake in the whole thing. It doesn&#8217;t affect me directly. But it just seems &#8230; why shouldn&#8217;t we allow people to be who they want to be with and have the same rights as everyone else?&#8221;</p>
<p class="tagline">Staff writers Katy Murphy and Mike Rosenberg contributed to this report.</p>
<p><span /></p>
<p>Article source: <a href="http://www.insidebayarea.com/breaking-news/ci_22866977/same-sex-marriage-battle-heads-supreme-court-bay.html">http://www.insidebayarea.com/breaking-news/ci_22866977/same-sex-marriage-battle-heads-supreme-court-bay.html</a></p>]]></content:encoded>
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		<title>Home Builders Still Feel Better, Despite &#8216;Cliff&#8217; Concerns</title>
		<link>http://homesmillbrae.com/1910/home-builders-still-feel-better-despite-cliff-concerns/</link>
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		<pubDate>Wed, 19 Dec 2012 05:49:38 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Real Estate News]]></category>
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		<description><![CDATA[December&#8217;s gains in sentiment are not as dramatic as the jump in November, as some builders are likely concerned about the possibility of going over the so-called &#8220;fiscal cliff.&#8221; Some builders have already reported laying off workers and delaying projects, &#8230; <a href="http://homesmillbrae.com/1910/home-builders-still-feel-better-despite-cliff-concerns/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>December&#8217;s gains in sentiment are not as dramatic as the jump in November, as some builders are likely concerned about the possibility of going over the so-called &#8220;<strong>fiscal cliff</strong>.&#8221;  Some builders have already reported laying off workers and delaying projects, concerned that much-needed capital for construction will dry up if a deal cannot be reached by the end of the year.</p>
<p>Last week the CEO&#8217;s of 18 home building companies, who collectively build 30 percent of the nation&#8217;s new homes, sent a letter to President Barack Obama and House Speaker John Boehner urging them <strong>to avoid the fiscal cliff</strong>, even if it means raising taxes on the builders:</p>
<p>&#8220;We support a comprehensive agreement in Washington to avoid the fiscal cliff that includes revenue increases (including tax rate adjustments) together with meaningful entitlement reforms.  We believe that a properly balanced agreement will breed confidence in the political system and the U.S. economy, will enable the housing market to continue its recovery, and, in turn, will promote broader economic growth.&#8221;</p>
<p>The letter was signed by the CEOs of publicly traded builders including <strong><a class="inline_quotes" href="http://data.cnbc.com/quotes/BZH">Beazer Homes</a></strong>,<strong><a class="inline_quotes" href="http://data.cnbc.com/quotes/HOV"> Hovananian Enterprises</a></strong>, <strong><a class="inline_quotes" href="http://data.cnbc.com/quotes/KBH">KBHome</a></strong>, <strong><a class="inline_quotes" href="http://data.cnbc.com/quotes/LEN">Lennar</a></strong>, <a class="inline_quotes" href="http://data.cnbc.com/quotes/MDC"><strong>MDC</strong></a>, and <strong><a class="inline_quotes" href="http://data.cnbc.com/quotes/MTH">Meritage</a></strong>.</p>
<p>(<em>Read More: </em><strong>Best US Housing Markets for Buyers and Sellers</strong>)</p>
<p>Article source: <a href="http://www.cnbc.com/id/100324311">http://www.cnbc.com/id/100324311</a></p>]]></content:encoded>
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		<title>Affordable housing leader Carol Galante talks about the future of foreclosures</title>
		<link>http://homesmillbrae.com/1777/affordable-housing-leader-carol-galante-talks-about-the-future-of-foreclosures/</link>
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		<pubDate>Mon, 22 Oct 2012 07:21:33 +0000</pubDate>
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		<description><![CDATA[Carol Galante led affordable development firm Bridge Housing before President Barack Obama tapped her to serve in the U.S. Department of Housing and Urban Development.  Blanca Torres Reporter- San Francisco Business Times Email  &#124; Twitter Carol Galante, who made her mark &#8230; <a href="http://homesmillbrae.com/1777/affordable-housing-leader-carol-galante-talks-about-the-future-of-foreclosures/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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<p>                    <a href="http://www.bizjournals.com/sanfrancisco/blog/real-estate/2012/10/carol-galante-talks-hud-fha.html?s=image_gallery"><img src="http://homesmillbrae.com/wp-content/plugins/rss-poster/cache/2865f_galante%2Ccarol5374-dt07%2A280.jpg" alt="2865f galante%2Ccarol5374 dt07%2A280 Affordable housing leader Carol Galante talks about the future of foreclosures" border="0" title="Affordable housing leader Carol Galante talks about the future of foreclosures" /></a></p>
<p>Carol Galante led affordable development firm Bridge Housing before President Barack Obama tapped her to serve in the U.S. Department of Housing and Urban Development. </p>
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<p> <a href="http://a.collective-media.net/jump/bzj.sanfrancisco/article_page;cmn=bzj;at=blog_post;pageid=9617262;pos=c1;template=blog_post;td=1;tile=2;kw=sanfrancisco;page=9617262;vs=commercial_real_estate;vs=residential_real_estate;sz=300x250;ord=1350890492.0469.14.27386?" target="_blank"><img src="http://homesmillbrae.com/wp-content/plugins/rss-poster/cache/b1455_article_page%3Bcmn%3Dbzj%3Bat%3Dblog_post%3Bpageid%3D9617262%3Bpos%3Dc1%3Btemplate%3Dblog_post%3Btd%3D1%3Btile%3D2%3Bkw%3Dsanfrancisco%3Bpage%3D9617262%3Bvs%3Dcommercial_real_estate%3Bvs%3Dresidential_real_estate%3Bsz%3D300x250%3Bord%3D1350890492.0469.14.27386" width="300" height="250" border="0" title="Affordable housing leader Carol Galante talks about the future of foreclosures" alt=" Affordable housing leader Carol Galante talks about the future of foreclosures" /></a></p>
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<p>           <img src="http://homesmillbrae.com/wp-content/plugins/rss-poster/cache/b1455_blanca_torres1633mug.jpg" width="56" title="Affordable housing leader Carol Galante talks about the future of foreclosures" alt="b1455 blanca torres1633mug Affordable housing leader Carol Galante talks about the future of foreclosures" /><br />
          Blanca Torres<br />
              Reporter- <em>San Francisco Business Times</em></p>
<p>              Email<br />
                   | <a href="https://twitter.com/#!/BTorresSF" target="_blank">Twitter</a></p>
<p>Carol Galante, who made her mark on the Bay Area as a trailblazer for affordable housing, now applies her passion for housing policy on the federal level.</p>
<p>Galante served for years as executive director of Bridge Housing and had previously been executive director of Eden Housing before heading to Washington D.C. a few years ago.</p>
<p>President Barack Obama recruited Galante to serve in the U.S. Department of Housing and Urban Development, where she is assistant secretary, and also serves as acting Federal Housing Administration Commissioner.</p>
<p>The mortgage crises of 2008 and subsequent downturn shook the real estate industry giving public officials like Galante with plenty of issues to address.</p>
<p>She recently sat down with the San Francisco Business Times to talk about her role, the future of foreclosures, the role of FHA financing in the housing industry and what she misses most about the Bay Area.</p>
<p><strong>San Francisco Business Times: </strong>You’re tracking housing all over the country, can you talk about how the Bay Area compares with the rest of the nation?</p>
<p><strong>Carol Galante: </strong>It’s very, very micro market in terms of how different areas are doing. Even within California what we see are some incredible strengths and then neighborhoods that still have some significant challenges.</p>
<p><strong>SFBT: </strong>Since you’ve taken on this role, what have been the greatest challenges you’ve had to deal with?</p>
<p><strong>CG: </strong>The depth of the housing crisis. When I was thinking about leaving the Bay Area, at least temporarily, and going to Washington, we knew there were challenges, but they’ve been deeper, and more intractable than any of us would have expected. We saw the crisis kind of evolve over time.</p>
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<blockquote><p>Blanca Torres covers East Bay real estate for the San Francisco Business Times.</p></blockquote>
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<p>Article source: <a href="http://www.bizjournals.com/sanfrancisco/blog/real-estate/2012/10/carol-galante-talks-hud-fha.html">http://www.bizjournals.com/sanfrancisco/blog/real-estate/2012/10/carol-galante-talks-hud-fha.html</a></p>]]></content:encoded>
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		<title>Protesters get ready as Obama, Romney plan Bay Area fund-raising trips</title>
		<link>http://homesmillbrae.com/1595/protesters-get-ready-as-obama-romney-plan-bay-area-fund-raising-trips/</link>
		<comments>http://homesmillbrae.com/1595/protesters-get-ready-as-obama-romney-plan-bay-area-fund-raising-trips/#comments</comments>
		<pubDate>Sat, 14 Jul 2012 03:33:18 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[SF Bay Area News]]></category>
		<category><![CDATA[Barack Obama]]></category>
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		<description><![CDATA[Bay Area residents can expect a double-whammy of presidential fundraising later this month, and a bevy of protests to go along with it. Shortly after news broke this week of President Barack Obama&#8217;s July 23 fundraising trip to Piedmont and &#8230; <a href="http://homesmillbrae.com/1595/protesters-get-ready-as-obama-romney-plan-bay-area-fund-raising-trips/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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<p class="bodytext">Bay Area residents can expect a double-whammy of presidential fundraising later this month, and a bevy of protests to go along with it.</p>
<p>Shortly after news broke this week of President Barack Obama&#8217;s July 23 fundraising trip to Piedmont and Oakland, invitations surfaced for Republican presidential candidate Mitt Romney&#8217;s events in Woodside and San Francisco on July 22.</p>
<p>Protesters are expected to flock to both.</p>
<p>In fact, a call for protesters to gather outside the president&#8217;s 4:30 p.m. event at the Fox Theater on Oakland&#8217;s Telegraph Avenue went forth Thursday on the San Francisco Bay Area Independent Media Center&#8217;s website.</p>
<p>&#8220;I hope you&#8217;ll be able to come out, so we can give our President a real East Bay unwelcome, and let him know we&#8217;re not happy that he does not have our backs when the big banks foreclose our homes, corporations are allowed to pollute and leave brown fields behind, neighborhood schools are being closed, the police kill people of color with no accountability &#8230; and the feds are raiding our cannabis clubs,&#8221; the post said. &#8220;The time is now. This is our big chance.&#8221;</p>
<p>All $100 and $250 seats for the Fox Theater event are sold out. But VIP seating tickets remain at $1,000, or $7,500 for event-sponsor status, including admission to a photo reception. Sponsors can then bring additional guests to the photo reception for $2,500 each.</p>
<p>The president also is scheduled to attend a $35,800-a-plate dinner reception starting </p>
<p>at 4:15 p.m. at the Piedmont home of progressive activist-attorney Quinn Delaney and her husband, real estate developer Wayne Jordan, among Obama&#8217;s foremost &#8220;bundlers.&#8221;
<p>And the president earlier that day will hold a round-table for tech leaders &#8212; also at $35,800 per person &#8212; at an East Bay location yet to be disclosed.</p>
<p>But Romney will be in the Bay Area sooner, with three events scheduled for the day before the president&#8217;s visit.</p>
<p>Romney will have a $50,000-a-head luncheon at the Woodside home of Tom Siebel, founder of C3 and Siebel Systems. Among those scheduled to attend: former U.S. Secretary of State George Shultz; Hewlett-Packard CEO Meg Whitman; Sun Microsystems cofounder Scott McNealy; and Howard Leach, the former U.S. ambassador to France.</p>
<p>Then Romney heads for a 4:45 p.m. event at the Fairmont Hotel in San Francisco, with tickets ranging from $2,500 to $10,000. Former San Francisco Giants managing general partner Peter Magowan will be among the hosts there.</p>
<p>Romney will cap the day with a 6:30 p.m. dinner in Pacific Heights hosted by Shaklee Corp. chairman and CEO Roger Barnett, with a $50,000-a-person price tag.</p>
<p class="taglinejb">Josh Richman covers politics. Follow him at <a href="http://Twitter.com/josh_richman">Twitter.com/josh_richman</a>. Read the Political Blotter at <a href="http://IBAbuzz.com/politics">IBAbuzz.com/politics</a>.</p>
<p><span /></p>
<p>Article source: <a href="http://www.mercurynews.com/news/ci_21070737/protesters-get-ready-obama-romney-plan-bay-area?source=rss">http://www.mercurynews.com/news/ci_21070737/protesters-get-ready-obama-romney-plan-bay-area?source=rss</a></p>]]></content:encoded>
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