How Does Your County Stack Up?
Were you to study appreciation all by itself, the market looks quite healthy–and San Francisco held its own when compared to other counties buoyed by the tech sector.
My own speculative brain wonders why San Mateo County is making such a strong showing. One reason may be that the area is favored by young families who “need to buy” instead of “want to buy,” i.e. Millennials who are proceeding with more caution. The stories of newly minted millionaires throwing money at expensive homes have disappeared for the most part. This age bracket also spent formative years during the Great Recession and are consequently far more cautious about taking on debt.