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 local economy. Home prices in the Bay Area have risen more than 14% in the last year, and foreclosures are being swooped up astonishingly quickly (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 may finally be about to become a thing of the past. It also means that buyers are back in the market, indicating a return in consumer confidence. That’s a “double dip” of good news.

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