Hi friends,
It’s been an eventful few years, but the biggest factor driving SF Bay Area real estate happened long, long ago.
About 650,000 years ago, in fact, when movement of the Pacific and North American plates created the San Francisco Bay, and our geologic circumstance was set in stone.
The absolute scarcity of land makes real estate a particularly desirable asset in uncertain times. Many see real estate as a hedge against inflation and a solid long-term investment with bonus tax advantages.
So, despite rising mortgage rates, inflation, a pandemic, and even geopolitical conflict... it’s not a big surprise that real estate market indicators remain strong in the Bay Area.
Buyer demand is still high, listing supply is still limited, and a huge amount of investment capital is still out there looking for a home.
Oh, and we’re not getting any more land.
The rocks beneath the Presidio are 100+ million years old.
Want a sure thing in uncertain times? Just step outside… and look down.
As always, please don’t hesitate to reach out with any real estate questions. We are happy and grateful to help you and anyone you send our way!
Warmly,
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First American Title: Will Rising Rates Bring Balance to the Housing Market?
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