(Blog Post)
If you’ve been keeping up with the news, you’d probably think that housing in the Bay Area would be a bargain right now– or at the very least, much more affordable. After all, many news outlets have reported that median prices for homes sold in April dropped an astonishing 41% compared to last April, and 54% from the peak.
But if you’re a buyer, especially in prime areas like Berkeley, Mountain View or Lafayette, you’d quickly discover ...
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Informative report on San Francisco Bay Area housing trends from community-funded reporting site Spot.Us. The author presents a good overview on why high-end homes have retained their value despite the recession, with reasonable tips on how to buy in a market that has yet to bottom out. The report is based on good factual evidence and context from multiple sources -- as well as the author's own personal perspective a first-time home buyer.
Disclosure: I was one of six people who made a small donation to fund a report on this topic, but do not know the author. Spot.Us founder David Cohn ... More »
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