San Francisco Real Estate - A Complex Market
Despite the terrible fires, SF had a very active month in listings going into contract in August, hitting a high point for the year and matching the high points of recent years.
Despite the terrible fires, SF had a very active month in listings going into contract in August, hitting a high point for the year and matching the high points of recent years.
This first chart is a very simplified, smoothed out look at Bay Area market cycles for higher-price-tier homes using data from the S&P CoreLogic Case-Shiller Home Price Index.
The 2008 crash was an anomaly caused by the fact that tens of millions of Americans bought and refinanced homes with loans they could not afford on day one.
The 3 charts below show how real estate market cycles generally move in sync with other economic indicators such as - using 3 examples - financial markets, employment and consumer confidence.