Escalating Prices: The Soaring Cost of Single-Family Dwellings and Condominiums in San Francisco
DATA SHOWS $30,000 INCREASE FROM MARCH 2006 TO MARCH 2008.
The Bay Area is traditionally one of the most coveted real estate markets, but national trends also demonstrate the financial wisdom of owning your own home.
According to figures from the National Association of REALTORS over the past 30 years the median price of existing homes has increased an average of more then 6% every year – and home values nearly double every 10 years.
I pulled this information from an article recently posted on Yahoo Financial. Click here read the article in its entirety. Yahoo Finance
Chuck Colliver from the San Francisco Association of Realtors SF Realtors gave his insight.
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