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Monday, February 28, 2011

San Francisco Housing Market Back on Track

From the Real Estate Channel,
San Francisco, CA

All-cash buyers and a fresh wave of investors are stimulating the San Francisco housing market.

Home sales activity in San Francisco is returning to a healthy pace, according to the latest Market Focus report issued jointly by the Rosen Consulting Group of Berkeley, CA and the San Francisco Association of Realtors.

The report finds that by some estimates, all-cash buyers represent 20-30 percent of homebuyers in the San Francisco market; resulting from more stringent mortgage lending practices, as well as a growing demand for investment opportunities as yields for many common investments remain unattractive.

Single-Family Sales Rise by 20.7 Percent Year-Over-Year in January 2011

Completed single-family home sales in San Francisco rebounded during the month of January by 20.7 percent.
Read more at The Real Estate Channel

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