Design & Development
San Francisco: City Moves
After the wild ride of recent years, it may be hard to remember exactly what "normal" is in the San Francisco Bay area housing market. Let's take a refresher course. Before the dot-com bubble, the mature Bay area economy typically produced additional jobs at a fairly modest pace. Total housing production was limited, too, constrained not just by the relatively slow household growth rate but also by some of the nation's most extreme barriers to new building in terms of land availability and especially development costs. From that perspective, the region certainly appears to be entering a period when the housing market performance is returning to the long-term patterns seen historically.
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