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San Francisco housing market may be ‘normal’ by end of year

Source: BusinessInsider

San Francisco’s housing market is cooling down. This week’s S&P/Case-Shiller home price index showed that San Francisco’s market may become more “normal” in the coming months, though affordability would remain a problem, according to Ralph McLaughlin, Trulia’s chief economist.For now, the pace of home-price growth is slowing. The S&P/Case-Shiller 20-city composite fell by 0.1% month-on-month in June, the third straight decline, while it rose 5.13% year-on-year. June marked the fifth consecutive month in which the year-on-year increase was equal to or smaller than the prior month’s print. One caveat here, however, is that the S&P/Case-Shiller index is more reflective of price changes for premium homes, McLaughlin said.

San Francisco market

About Community Real Estate

Community Real Estate is a Real Estate Brokerage committed to provide quality professional services. We are a full service company with in-house lending. We are Realtor®s and HUD approved selling agents. We are expert Short Sales, Listing Agents and Buyers’ Agents. We also specialize in First Time Buyers, Second Homes, Vacation Homes, Investment Homes, Leasing and Rentals, Relocations, Probate sales, Vacant Land sales, Manufacture Homes/Mobile Homes sales, Foreclosures, Distress Properties and REO listings and sales. We support our America’s Heroes. We look forward to meeting you and your needs!
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