San Francisco: The Best Bet for Housing Recovery
According to an article on CNN Money the San Francisco metro area is one of 7 areas in the United States expected to have average home price increases over the next two years.
San Francisco:
Median home price: $675,000
Value lost since 2006: 25.7%
Forecast gain by 2011*: 4.8%
The San Francisco metro area has seen its home values drop by a quarter, and the city still has some pain to work through. The city’s median home price is expected fall another 8.3% by June 2010.
After that, however, the market there may come roaring back: Fiserv predicts a 14.3% gain between June 2010 and June 2011. Averaged out, that means a 4.8% gain over the next two years.
via CNN Money.com