Rent growth exceeded 6% over the past year in San Francisco, San Jose and Seattle....But household incomes have stagnated, resulting in a financial squeeze for a growing number of renters.
Wall Street Journal says:
SF Business Times says of the 5 inner Bay Area counties, prices are up 18% since last. Interesting that some places are 14% beneath the 2006 peak, but some places are soared past the peak. With the exception of Berkeley and SF (urban meccas & always desirable), notice the other cities they mention below all have excellent school districts.
Prices shot up during the tech boom in the late 1990s then dropped after the bust. They peaked even higher in 2006 before hitting a recession low in 2011. They have been on the upswing again, but as of April, the region as a whole is still 14 percent lower than its previous peak in May 2006.
60 Minutes Says There's a Bubble in China...Maybe That's Why I'm Seeing My Affluent Chinese Buyers Investing More in SF!
How to Pick Right Realtor: Follow Your Instinct. If They're Too Slick, Run! Find One Who Tells It Like It Is! (Herman Chan for US News & World Report)