The San Francisco housing market and tech bubble: Will a correction in the technology sector impact Bay Area home prices?
ByI was up in the Bay Area in the fall and people love talking about real estate just as much as they like talking about the latest startup. Housing values in the Bay Area make Southern California look affordable. The median price for a sold home in San Francisco is $1.2 million. And the market still seems to have momentum. A lot of money that has flowed into San Francisco has come from foreign investors but also wealthy tech households. Tech has been on fire since the last housing bust. While some people want to believe tech and Bay Area housing are decoupled, there is evidence that there is a deep connection between the two. Rents certainly adjust based on market forces. Depending on how deep the correction, there is likely to be an impact on housing. They always say a financial bubble is only visible once it is popped but there are clear signs when you are in one. Let us look at some figures here…
