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Housing in San Francisco

In:

Submitted By AlexandraM
Words 594
Pages 3
To: Malaika Costello-Dougherty
From: Alexandra Madzharyan
Subject: Housing investments in San Francisco
According to your request about housing investments in Bay area, San Francisco I have conducted a research and found interesting facts. Housing market in Bay area can be characterized as very dynamic. ”The increase in housing prices was caused by the strict government restrictions which started in the 1970's, affecting construction in coastal areas” (EBSCO HOST, January 21, 2008)
The San Francisco Bay Area real estate market has been growing rapidly over the past six years. Ever since the recession in 2008, the population is growing each year and more people are starting families. However, the prices are also increasing rapidly.
”Every time the market crashes, the consensus becomes that real estate won’t recover for decades or even “in our lifetime.” But the economy mends, the population grows, people start families, inflation builds up over the years, and repressed demand of those who want to own their own homes builds up. In the early eighties, mid-nineties and in 2012, after about 4 years of a recessionary housing market, this repressed demand jumps back in (or “explodes” might be a good description) and prices start to rise again. It’s not unusual for a big surge in values to occur in the first couple years after a recovery begins, as has occurred recently.” (SFGate, October 1, 2013)
This is the right time to decide to buy a house in the San Francisco Bay Area. The prices have been increasing over the past years, and the indicators show that they will continue to increase. By buying a house now you can guarantee earning at least 10% profit if you sell it in the same time next year. According to real estate information service it was rapidly growing during last six year. “Average price per square foot for San Francisco CA was $761, an increase of

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