Andy

March 2, 2014

The Housing Market With Nowhere to Go (but Up)

"In December- almost 40 percent of the home sales were all cash. [O]n average- homes in San Francisco are selling for 60 percent to 80 percent over asking price. Most are gobbled up within 16 days of being listed- down from 61 days five years ago"

The Housing Market With Nowhere to Go (but Up)

An influx of tech-sector money in San Francisco- where new construction is difficult- is driving up prices and making options scarce for those not earning Silicon Valley salaries.