The current state of Bay Area housing bears resemblance to the years leading up to the dotcom bubble in 2000 and the 2008 housing market collapse. At the peak of the housing bubble in 2007, the median sale price for a home in San Francisco was $895,000 while renters were paying just over $2,400 a month on average. There’s no doubt that the Bay Area real estate market is white-hot once again and it’s largely due to the surging tech industry. Over the last few years, San Francisco has begun looking more and more like Silicon Valley, with companies like Google, Twitter, Airbnb and LinkedIn scooping up office space.
- Reports to shed light on housing recovery
- 4/19: METROINTELLIGENCE ECONOMIC UPDATE By: Patrick Duffy