Case-Shiller: New Jump In Bay Area Home Prices
The new S&P Case-Shiller Home Price Index for April 2014 came out today and it showed another bump in home prices for the 5-county San Francisco Metro Statistical Area. For homes in the upper tier of home values – as most of San Francisco’s are – prices are up approximately 17% in the past 12 months and up 41% since the recovery began in early 2012.
Based upon what we are seeing on the ground in the market, we expect another bump in the May Index, which will come out at the end of July.
Be sure to check back on theFrontSteps for future reports as well as all the good stuff you’ve come to love from us – including the top 10 Overbids of the Week, which will come out tomorrow.
USA is through to the next round!! (Sorry if you had it recorded and I just spoiled.)