San Francisco Bay Area Condo Prices in the Tanker? Not so Fast. The Devil is in the Details.

Or in the case of San Francisco condo prices, the angel is in the details. San Francisco condo values have held their values better than any other Bay Area county. See chart below. In April, the San Francisco Chronicle reported that condos or "individually owned multi-unit complexes are suffering through a perfect storm of circumstances that have undermined values and left remaining homeowners to pick up the slack for defaulting neighbors." The article explains how distressed home sales in … [Read more...]