We all know the housing market is hot in the Bay Area, but you can now rest assured it is the “most recovered” housing market nationwide.
Home prices in the San Francisco metropolitan area have increased by 52 percent since hitting the most recent low during the recession, according to an analysis by the American Action Forum, a center-right policy institute.
“California was among a handful of states particularly hard hit by the boom and bust of the housing bubble, seeing home values decline by 45 percent statewide,” the think tank states in a recent report. “San Francisco notably stands as one of the most improved hard-hit markets.”
Read more: San Francisco Business Times Bay Area housing snaps back as “most recovered” U.S. market