Zillow Advice: Home Buying - Why have San Francisco housing prices jumped up so much in the last year? http://www.zillow.com/advice-thread/Why-have-San-Francisco-housing-prices-jumped-up-so-much-in-the-last-year/465363/ Zillow Advice | Zillow Real Estate More Americans are realizing ... http://www.zillow.com/advice-thread/Why-have-San-Francisco-housing-prices-jumped-up-so-much-in-the-last-year/465363/ More Americans are realizing the health benefits of limited sunshine and cool damp weather, and have begun a massive migration influx into the city, similar to London's of 15 years ago. Wed, 31 Oct 2012 05:25:00 GMT http://www.zillow.com/advice-thread/Why-have-San-Francisco-housing-prices-jumped-up-so-much-in-the-last-year/465363/ 2012-10-31T05:25:00Z 1. lower inventory levels ... http://www.zillow.com/advice-thread/Why-have-San-Francisco-housing-prices-jumped-up-so-much-in-the-last-year/465363/ 1. lower inventory levels - slowdown in foreclosure processing, reluctant equity sellers, short-sale delays, etc.<br/><br/>2. buyers flush with equity - cash &amp; loans (via FED monetary policy)<br/><br/>i think the market is bouncing off a bottom, and will begin to establish a base.<br/><br/>remember, when the market decides its time to inflate housing prices, the FED will boost interest rates to combat inflation, and that will create a drag on housing prices.<br/><br/>since the FED introduced so much new money, you can expect MANY (up to 50, more?) interest rate hikes over a 5 year period WHEN housing recovers ... its completely realistic to expect interest rates back over 10% in the future (as a necessity to combat otherwise rampant inflation)<br/><br/>i think RISING interest rates will be a good INDICATOR of when we are in the midst of a sustained recovery ... until then, i think cautious, smart buying remains a safe policy for investors, or equity buyers with stable jobs.<br/><br/>regards, jeff Tue, 30 Oct 2012 16:54:00 GMT http://www.zillow.com/advice-thread/Why-have-San-Francisco-housing-prices-jumped-up-so-much-in-the-last-year/465363/ 2012-10-30T16:54:00Z The premise is incorrect ... http://www.zillow.com/advice-thread/Why-have-San-Francisco-housing-prices-jumped-up-so-much-in-the-last-year/465363/ The premise is incorrect and will remain to be incorrect. Tue, 30 Oct 2012 02:51:00 GMT http://www.zillow.com/advice-thread/Why-have-San-Francisco-housing-prices-jumped-up-so-much-in-the-last-year/465363/ 2012-10-30T02:51:00Z Any good housing economist ... http://www.zillow.com/advice-thread/Why-have-San-Francisco-housing-prices-jumped-up-so-much-in-the-last-year/465363/ Any good housing economist I have learned from told me San Francisco LEADS the country in trends.&nbsp;&nbsp; When S F goes up the country usually follows.&nbsp; The trend is telling us the housing prices are going up and going to go up sharply.&nbsp; Quite often the second tell tale sign is San Diego for a confirmation. Mon, 29 Oct 2012 01:37:00 GMT http://www.zillow.com/advice-thread/Why-have-San-Francisco-housing-prices-jumped-up-so-much-in-the-last-year/465363/ 2012-10-29T01:37:00Z When supply shrinks and demand ... http://www.zillow.com/advice-thread/Why-have-San-Francisco-housing-prices-jumped-up-so-much-in-the-last-year/465363/ When supply shrinks and demand starts to rise faster, we have price increases. &nbsp;I think this is a sign of the things that we are starting to see all around the country.<br/><br/>Best of luck. Tue, 23 Oct 2012 18:19:00 GMT http://www.zillow.com/advice-thread/Why-have-San-Francisco-housing-prices-jumped-up-so-much-in-the-last-year/465363/ 2012-10-23T18:19:00Z In my opinion, it's not another ... http://www.zillow.com/advice-thread/Why-have-San-Francisco-housing-prices-jumped-up-so-much-in-the-last-year/465363/ In my opinion, it's not another bubble. What you have experienced in the past 12 months or so is a market correction. Basically, values are catching up to reality. I feel now we should see a fairly steady market going forward for the next 6-12 months. Tue, 23 Oct 2012 17:16:00 GMT http://www.zillow.com/advice-thread/Why-have-San-Francisco-housing-prices-jumped-up-so-much-in-the-last-year/465363/ 2012-10-23T17:16:00Z There are a number of factors, ... http://www.zillow.com/advice-thread/Why-have-San-Francisco-housing-prices-jumped-up-so-much-in-the-last-year/465363/ There are a number of factors, but basically there is very limited inventory currently available. &nbsp;The reason for that seems to be that many sellers are waiting for values to increase even further before selling in an effort to recoup the loss in their home's value that they experienced a few years ago. &nbsp;In addition to that,&nbsp;we also are seeing increased demand due to a large number of technology industry employees seeking housing in SF. Those two factors alone have contributed to our current scenario of multiple offers above asking price for many quality properties. That of course has led to to a significant increase in average sale price. &nbsp;<br/><br/>I hope that helps.<br/><br/><div>Patrick Lowell, Realtor, CRS, GRI<div>Zephyr Real Estate<div><em>[deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]</em><br/><div>License #01372286<br/><br/><br/></div></div></div></div> Tue, 23 Oct 2012 16:24:00 GMT http://www.zillow.com/advice-thread/Why-have-San-Francisco-housing-prices-jumped-up-so-much-in-the-last-year/465363/ 2012-10-23T16:24:00Z