Serving San Francisco, Marin County, and the Entire Bay Area
Videography * Photography * Web Design
|
| |
 | |
|
San Francisco Real Estate Blog. It's every bit as interesting as Curbed, the New York Real Estate blog.
-- Max Black - Prairie Fire Publisher: Bill Quick Editor: Jeff Brooks
We Highly Recommend These Websites
Latest Comments
Email us at:
Search
Archives
June 2009
May 2009 April 2009 March 2009 February 2009 January 2009 December 2008 November 2008 October 2008 September 2008 August 2008 July 2008 June 2008 May 2008 April 2008 March 2008 February 2008 November 2007 October 2007 September 2007 August 2007 July 2007 June 2007 May 2007 April 2007 February 2007 October 2006 September 2006 August 2006 July 2006 June 2006 February 2006 January 2006
Recent Entries
SF Bay Area Resources
SF and Bay Area New Home Develpments
Bay Area Brokers Check San Francisco Schools SF Neighborhoods East Bay Neighborhoods Current Mortgage Rates
Links
California DRE Reference Book
California Department of Real Estate (DRE) San Francisco Multiple Listing Service Greater Bay Area MLS CCSF Real Estate Department Blackstone
Blogroll (Other Fine Blogs)
Categories
Site Design: Iceberg Productions
|
« I love you and the check is in the mail... | Main | Bueller, Bueller... anyone, anyone » May 29, 2009Housing Picture Brightens in Californiaphoto courtesy: Video Fishbowl & Photography
SAN FRANCISCO -- California's median price for existing homes rose 1.4% in April from March, marking the second consecutive monthly increase in housing prices and prompting some industry officials to declare that the state's long swoon in housing values could be at or near the bottom. California's housing market is being closely watched as a barometer of the economy -- it is the nation's largest. Prices soared during the boom, but the collapse of housing prices has pummeled homeowners and helped send foreclosures skyrocketing. Any sign of recovery would be taken as a sign that the market is bottoming. It was the first back-to-back increase in the state's housing prices in two years, following an increase in the median price of homes in March from February. The median price of $256,700 for single-family homes in April is up from a median price of $253,040 in March, according to estimates by the California Association of Realtors. thanks to the Wall Street Journal Posted by Jeff Brooks on May 29, 2009 09:51 AM | Permalink TrackBackTrackBack URL for this entry: CommentsMost of the articles you see in the national press deal with national averages. In many communities, as you can see from this article, the "national average" trends are being bucked. If you look at the previous article in the WSJ on the Case/Schiller Index, they are saying exactly the opposite. (Of course they lump the SF market with places like Vallejo & Tracy which does not give at all an accurate picture.) I have been writing about this for the past two months. If you analyze "micro-markets" you will have a much better of the trends in your area, which, after all, is what you really need to know.
Posted by:
RealEstateJoe |
![[TypeKey Profile Page]](http://www.dailypundit.com/sfrealblog/nav-commenters.gif)
We've had a similar increase here in Illinois, tighter lending standards are creating more confidence in potential buyers.
Posted by: type0243![[TypeKey Profile Page]](http://www.dailypundit.com/sfrealblog/nav-commenters.gif)
| May 31, 2009 06:00 PM