Ed's Blog

A new report is out, and there’s great news for San Francisco. We’re the leading metropolitan area in the nation for home price increases, which is great news for our economy as a whole. Home prices in the Bay Area have risen more than 14% in the last year, and foreclosures are being swooped up astonishingly quick (as in, less than 2 months on the market).

While there is something to be said for being cautiously optimistic, this news can only be seen as encouraging. It indicates that many of the problems caused by the subprime meltdown are finally (maybe!) becoming a thing of the past. It also means that buyers are back in the market, indicating a return in consumer confidence.

Stay tuned, for other important information as it becomes available.

Till next time!

Ed

ecraine@smithcraine.com

415-206-2330