The nattering nabobs of negativism are at it again.
The sprawling Bay Area mega-region took the top five spots nationally in real estate hotness in 2017, according to the National Association of REALTORS. It also nailed the 12th and 16th spots, for those of you keeping score at home.
Looks like pretty soon we’ll have to add Sacramento to the Bay Area housing market. Maybe we should now.
“In other parts of the country, it may be typical to see a slowdown in real estate exchanging hands leading up to the year-end holidays, but not in Northern California. “
It’s no surprise that the San Jose and San Francisco metros have changed greatly over the past ten years. Except perhaps to the people who spurred those changes: the people who’ve moved here within the past ten years.
2017 is ending with a bang, with buyer demand just as intense as during warmer months.
Perhaps all of us can learn something from the apartment industry’s struggle to please millennials.
San Francisco home prices “are considered at-value, based on long-term price sustainability”, according to property information provider CoreLogic in its latest monthly national real estate report. Like most national data crunchers, CoreLogic lumps other cities into its “San Francisco”, in this case Redwood City and South San Francisco. And we can safely assume that CoreLogic’s “San Francisco” real estate market is a stand-in for the entire Bay Area’s market.