Urban Land Institute taps San Francisco as country’s top market

In its “Emerging Trends in Real Estate 2014” report, the Urban Land Institute has named our fair city the top real estate market in the country. Noting that a thriving economy is projected to add jobs at a rate of 2 percent annually, San Francisco’s real estate sector is considered a solid buy for all property types.

In particular, multi-family housing is still considered an incredibly popular sector as members of Generation Y are looking to rent and Baby Boomers are seeking to downsize from houses to apartments. This sector has been popular throughout recent ULI reports.

The report asserts: “This tech-influenced market is also attractive to young workers, and with meaningful supply constraints in place, its location at the top is no surprise.”

The other cities in the top five, in order of ranking, are Houston, San Jose, New York and Dallas/Fort Worth. The report notes: “Market fundamentals have improved to a point where new supply is underway in a rising number of market. … The rise in new supply in these markets is not surprising, as fundamentals have improved or are expected to reach a level where they can support these higher levels of new supply.”

See the entire report here.

In its “Emerging Trends in Real Estate 2014” report, the Urban Land Institute has named our fair city the top real estate market in the country. Noting that a thriving economy is projected to add jobs at a rate of 2 percent annually, San Francisco’s real estate sector is considered a solid buy for all property types.

In particular, multi-family housing is still considered an incredibly popular sector as members of Generation Y are looking to rent and Baby Boomers are seeking to downsize from houses to apartments. This sector has been popular throughout recent ULI reports.

The report asserts: “This tech-influenced market is also attractive to young workers, and with meaningful supply constraints in place, its location at the top is no surprise.”

The other cities in the top five, in order of ranking, are Houston, San Jose, New York and Dallas/Fort Worth. The report notes: “Market fundamentals have improved to a point where new supply is underway in a rising number of market. … The rise in new supply in these markets is not surprising, as fundamentals have improved or are expected to reach a level where they can support these higher levels of new supply.”

See the entire report here.

Dreaming of San Francisco? Cece Blase offers local advice to San Francisco buyers, sellers and owners– and feeds the dreams of those who wish they could live in Tony Bennett’s ‘City by the Bay.’ Call 415-577-0809 or email cblase@paragon-re.com. www.ceceblase.com