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Mapped: Real estate prices soared in the Bay Area during the pandemic, but stuttered in San Francisco
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From left: Anthony Vega-Souza (cousin), Osvaldo Morales-Souza (son), Debra Souza (mother) and Adam Souza (son) at their Little Portugal family home on Sunday, April 4, 2021 in San Jose, Calif. Three ZIP codes in San Jose saw home values rise by more than 16%, according to a Chronicle analysis of Zillow data.Paul Kuroda / Special to The ChronicleShow MoreShow Less
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1061 Orchard Ave., in Napa is a four-bedroom country farmhouse available for $1.98 million.Portafino Realty AdvisorsShow MoreShow Less
Home values rose across most of the Bay Area during the pandemic. But they fell flat in San Francisco.
Mapped: Real estate prices soared in Bay Area during the pandemic, but stuttered in S F
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Paragon Financial : Challenges and Opportunities in the Covid-driven housing market
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22 Cities Where Home Appreciation Is Spiking
22 Cities Where Home Appreciation Is Spiking
The annual home value growth rate in these cities is over 10%.
Photo by Hurst Photo / Shutterstock.com
Extreme demand for homes is pushing home values up at a rate not seen since before the Great Recession, a new Zillow report finds.
Several trends including new millennial homebuyers, record-low interest rates, trends related to the coronavirus pandemic and the relatively small pool of homes for sale have converged to heat up the market. The hot sellers’ market is a contrast to flat growth in rental prices nationally, as we reported in “Rent Prices Have Dropped in These 9 Formerly Hot Markets.”