Once a quarter I publish a newsletter for my clients and mail them a hardcopy. If you'd like to be on my mailing list, please email me your address. If not, you can read my latest newsletter below.

My Newsletter - Spring 2008

Dear Friends,
 
While much of the Midwest and East coast has been digging out of snowdrifts and skidding on icy roads, we have been blessed with some amazing pre-Spring weather.  I don’t think there is anything better than living in the City with sixty- something degree weather and brilliant blue skies.  I hope you’re enjoying it as much as I am.
 
Once again, thanks for all of your support over the years.  Please do not hesitate to give me a call if I can be of service to you or to your friends.  Your referrals are a great compliment to me.  Have a great Spring!

Sincerely,
Tom Biss

Market Update

The good news for us homeowners is that the real estate market in the City is still humming along on all cylinders, at least in every neighborhood that this newsletter goes to.  Some of the outlying areas, at the fringes of the City, the market is a bit slower.  The only problem right now is that there is no inventory of available properties, especially in higher priced homes.  If you’ve gone to any Sunday open houses lately, you’ll see plenty of well qualified buyers out there.  They just don’t have much to choose from. We are still experiencing multiple, over-the-asking-price offers on most well priced properties. If you are wondering why San Francisco has been spared the painful downturn that has much of the rest of the country in its grasp you might check out “Who’s Your City” by Richard Florida, a well known business school professor.  The gist of his book is that San Francisco is one of a handful of “superstar” cities, like London, New York, Shanghai, that are centers of innovation and entrepreneurship.  San Francisco also has one of the largest groups of “star scientists” in the world creating new technological cultures of opportunity.  We get the best and brightest of young, talented individuals who are drawn to the Bay Area because of these opportunities to excel, and create wealth at the same time.  All this translates to a vibrant, stable economy and an extremely resilient real estate market.  It doesn’t get much better than that!