It’s been a dizzying year for the Bay Area housing market. The red-hot South Bay went cool seemingly overnight, while lukewarm San Francisco came out of hibernation.
Much of what happened in the Bay Area’s housing market this year reflects influences that are national in scale. Economic worries and affordability challenges, along with seismic changes to U.S. immigration policy, have convinced many would-be buyers that now is not the time to be making 30-year commitments.
Many of those factors have had similarly cooling effects on home building, making it even more difficult for buyers to find a home within their price range…