We are seeing tremendous market corrections. While the rest of the country is also seeing an uptick, the SF Bay Area is having a meteoric rise in prices.
Almost weekly, a someone asks, "What is causing the steep rise in prices?".
The difference in a nutshell: jobs.
Interest rates are great nationally and local inventory is low- now that the distressed properties are drying up.
However, the biggest difference that sets the Bay Area a part: Bay Area companies began outfitting for hiring two years ago by acquiring office space and building out those spaces. Technology, Investment and Medical Science sectors were poised to hire by early 2012.
By Spring of 2012, new recruits began to look for housing in San Francisco and further…