San Francisco’s housing market is one of the most competitive and expensive areas in the country, with median home values of $1.13m as of May 2016. Analysts reveal that these numbers are a 10% improvement over last year and a staggering 70% improvement when compared to the peak of the housing crisis back in 2012. However, the future may not seem so bright..
Some believe that San Francisco may start to suffer from unsustainable growth in terms of population and living-costs as well as the venture capital effect, linking home prices with investment.
San Francisco’s housing market is one of the hottest in the country, with median home values topping $1.13 million in May 2016. That is a 10% increase over the prior year and nearly a 70% increase since the peak of the housing crisis in 2012. The housing boom in San Francisco has been fueled in large part by the boom in the high-technology and biotechnology industries, which have spawned an endless stream of millionaires as a result of their generous stock options, reaping huge paydays. This link has many real estate experts considering whether a slowdown in either of the two industries could produce a bubble-like depression in housing prices, reminiscent of the dot-com boom and bust in the late 1990s.
Read more: Investopedia Will the San Francisco Housing Market See a Slowdown? (YHOO …