San Francisco Schtuff

San Francisco real estate, events, food and neighborhood

First Branch Library to Open in 40 Years

This is very exciting–the first public library to open in San Francisco in the last 40 years is going to open its doors on July 8th 2006. This 7,500-square-foot library will cater to the burgeoning new Mission Bay neighborhood and is located at the corner of Fourth and Berry streets. The library is easily accessible by MUNI and CalTrain and is yet another step in changing the landscape of the Mission Bay district of San Francisco.

According to the Mission Bay Library website, “the library’s collection of approximately 34,000 books, CDs, DVDs and other materials will highlight local interests such as baseball, maritime history and boating. A children’s area, along with books, storytimes and special programs, will be available for the growing number of families moving into the neighborhood. Materials in large print and a state-of-the art large print reader to assist visually impaired patrons also will be available.”

For more information about the new Mission Bay Branch Library,
please call (415) 557-4277, or visit www.sfpl.org.

Filed under: Mission Bay, neighborhood changes , ,

Mortgage Market Snapshot

As we’ve all seen with interest rates, they have been progressively worsening, but many of you may not know what index mortgage movements are tied to. The 10 year Treasury Note is the financial index tied to the interest rate fluctuations. I’ll keep it simple – as this index rises, interest rates worsen. Economist like to evaluate the patterns of this index to determine which way rates are headed – and some are predicting that this index has hit a “floor” of support that may bring improvement to interest rates.

There isn’t much in the way of economic news, and it seems the market is in limbo pending the Fed meeting on Thursday.
As always, Inflation is a concern; the Fed seems committed to another .25% increase, and may go further.

When the Fed raises the Fed Funds Rate, it directly impacts Home Equity lines, credit cards, car loans, business loans, all of which have been moving higher over the past two years. It is always a good idea to consider restructuring your outstanding debt.
Lots of new data will surface this week – Home Sales, Consumer Confidence and Sentiment, and Personal Income and Spending along with the important Fed meeting. All of which will be telling in the Fed’s next steps after this week’s rate hike.

Please let me know if I can answer any questions….

Best Regards – Jason
_____________________________
Jason Russell, Broker
Rob Wolf and AssociatesResidential & Commercial Financing
850 Montgomery Street,
Suite 100San Francisco, CA 94133
1-415-788-1334 – office
1-866-313-5709 – fax

Filed under: mortgage , ,

Living History

I’ve always been fascinated by bridge building–it’s true, I watch all of the Modern Marvel bridge making series’. The fact that I’ve been watching a giant bridge get built over the years has been bittersweet for me as the construction is amazing, but the traffic is a nightmare.

I remember several years back when the chain link fence went up on the eastern span to the right of the existing bridge–now a massive recognizable object is standing freely in the water!

This picture was taken heading east on the bridge just after the Essex St. on ramp in the city. The western span of the bridge is a whole different engineering beast. Nobody likes the traffic, that’s a given, but you must find it interesting that with today’s understanding of bridge making and the available tools, people are actually able to build a bridge around you while keeping it in use.

Sure, this is costing zillions, of course the traffic stinks and it’s true–none of us know if all of the work will actually withstand a giant quake, but in the meantime, it’s history in the making…

Filed under: Ggold, SoMa, neighborhood changes , , ,

888 7th Street

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Many of you have seen the corner of 7th and King St as construction is well underway – here are some details:

224 new condos
28 different floor plans
BMR (Below Market Value units) available.

Currently there is no way to pre-register, but we’ll keep you posted when they do and when we get more information.

Live at 888 [website]

Filed under: Ggold, Potrero Hill, neighborhood changes, new Real Estate developments , , , ,

award winning home for sale

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