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Bay Area housing prices projected to surge?


               
2013 Feb 19, 12:15am   34,831 views  146 comments

by rigidmember   follow (1)  

Almost every corner of the Bay Area is poised for robust home-price appreciation this year in a surge that will outpace projected national growth, according to a forecast from real-estate information site Zillow.com.

Looking at 245 Bay Area ZIP codes, Zillow projects that 244 will see home values ratchet up by significant margins in 2013, with 27 ZIPs seeing double-digit appreciation.

http://www.sfgate.com/realestate/article/Bay-Area-home-prices-projected-to-surge-4288392.php

#housing

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1   evilmonkeyboy   @   2013 Feb 19, 12:47am  

The message I take from this article is that it is horrible time to buy a home but a great time to sell one if you live in the Bay Area.

2   Eman   @   2013 Feb 19, 1:37am  

"At the same time, Portola Valley, Atherton and Palo Alto - with million-dollar-plus median values that now exceed their boom-time heights - should see appreciation above 12 percent, Zillow said."

Well, didn't I mention this in the other thread? It's all about location, location, location. @Patrick just keeps saying look at your rent vs. buy ratio, but doesn't factor in the appreciation these Fortress markets have been enjoying for decades. Had Patrick bought in 1998, he would have been sitting pretty now instead of creating this website for us to chat, argue and whine.

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