“A home-sales revival that began last year in some of California’s cheaper inland areas has begun to spread to several more expensive coastal areas, another hint that devastated real-estate markets in the state — and other parts of the country — may see less grim days ahead.”
So says an article in this weekend’s Wall St. Journal. The article discusses Santa Clara County but it is transferable to San Francisco real estate where SF home listings also show positive signs. The “entry-level” or first time buyer housing market, say home prices of $800,000 or less, is picking up major steam. This part of the market could even be called hot. Multiple offers are common place.
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