Today's SF Chronicle ran a most interesting article on the rebounding real estate market. In brief, buyers are vying for limited inventories of properties which is creating bidding wars with multiple offers on properties and area median home prices rising 24.6% over last year. The article contributes the surge to an improving economy, job growth (read that as buyer confidence again), which is extremely strong in the SF Bay Area. Therefore, the San Francisco Bay Area seems to be the hottest market in the U.S. right now.
To read the full SF Chronicle article, go to: