SAN FRANCISCO-Home prices in San Francisco are skyrockeing—up 25.7% during the past year according to one report.
While the average price nationwide grew by around 11%, San Francisco's more dramatic gains have experts talking about a bubble, says the San Francisco Business Times.
According to the Standard and Poor's Case-Shiller Home Price Index, the nation's hottest housing markets were on the West Coast from September 2012 to September 2013. Prices in Las Vegas jumped 29.1% percent and Los Angeles experienced a 21.8% increase.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
