At least someone doesn’t think this area is overvalued.

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.