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Market Call, 2004. Tenants Command.
Average asking rental rates
declined in EVERY Bay Area county in 1Q,
'04, with the exception of San Francisco, which rose $0.58/sf/year. We
do NOT forecast the beginning of any trend
toward higher rates in San
Francisco, under present circumstances. Sustained
quarter-after-quarter, positive growth will be required before
we
should expect rental rates to rise in any sector....Read Editorial
SAN FRANCISCO, May 19 (Reuters)
- The housing market in Southern California roared back to life with a record one-month sales increase for April as a glut of foreclosed homes lured bargain-hunters, according to a private report on Monday.
Sales in the region jumped 21.9 percent in April to the highest level in eight months and rebounded from March, which was the worst month for sales since DataQuick Information Systems Inc started compiling its information in 1988.
Sales on average rise around 1 percent
exhibit in April from March, according to DataQuick.
Sales were strongest for homes priced less than $500,000 in inland areas hardest hit by crashing prices and record foreclosures, the real estate information service's report said.
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More Real Estate Insight from Forbes.com
How low will real estate go?
Though the national real estate market
planning remains bleak--in some neighborhoods vacant homes outnumber those that are occupied and sellers are being forced to lower asking prices in a bid to lure bargain hunters--it's assumed that when housing dips to a point where buyers think it represents a bargain, they'll buy back in.
The problem is many of the markets that experienced steep 2007 price drops are still a long way from recovery.
Learn the Answer
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See All San Francisco Property Types ....Read Article.