Differing Opinions on San Francisco Housing Market
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Differing opinions from two separate companies have added to the debate over the strength of the San Francisco housing market. Zillow believes the white-hot market is cooling due to the national pace of housing appreciation turning negative for the first time in four years. Redfin counters, saying the market for residential real estate remains hotter than ever. Zillow notes some markets continue to show double-digit growth in appreciation, San Francisco among them. However, the pace of appreciation is slowing. For 2013, the home-price appreciation rate stood at 23%, but it checked in last month at 11%. [SFBT]