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Bay Area Home Values Up $252 Billion in 2013


Pacific Union has been reporting on the recovery of our local real estate markets throughout 2013, but new, year-end figures put a total dollar amount to that extraordinary growth: $252 billion!

After years of recession and falling home values, the sharp rise in 2013 values represents a huge boost to our local economies, a welcome payback to homeowners, and a tip to buyers that prices will continue rising in 2014 and they would do well to close a deal sooner rather than later.

Nationwide, 2013 home values are expected to rise almost $1.9 trillion, a gain of 7.9 percent from 2012, according to Zillow. It marks the second annual gain after five years of declines.

Read more at: https://compasscaliforniablog.com/bay-area-home-values-up-252-billion-in-2013


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