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Eye on Blogs aims to be a one-stop source for hot topics and discussions happening on Bay Area blogs. We sift through hundreds of sites on a daily basis, offering up links to and commentary on the brightest, funniest, most engaging posts made by local bloggers, while providing a place to interact and converse about the issues of the day.
About the Author
brittneygilbertBrittney Gilbert has been blogging personally since 1999 and professionally since 2005. Before joining the CBS 5 team to write Eye on Blogs in 2007, she wrote a community blog for WKRN in her hometown of Nashville, TN.

She now resides in the Inner Richmond neighborhood of San Francisco. She can be found hooping, watching Twin Peaks or enjoying the company of friends. Email her with news tips, photos for sharing or just to say hello at  bgilbert@kpix.cbs.com.
Mar 12, 2009 2:34 PM

Yay or Nay: SF is in Real Estate Rebound

Posted by brittneygilbert
Is the housing market in the Bay Area rebounding? That's the word from CBS 5's Hank Plante, whose piece states that there have been more home sales in the area in the past two weeks than there have been in the past six months. He even talks to a real estate agent who just had 40+ offers on a single home up for sale in the Excelsior District.

But some readers of the real estate blog SocketSite disagree with Plante's appraisal. The blogger who linked to the CBS 5 piece calls this resurgence an instance of seasonality (this is the time when lots of people buy.) Here's a sampling of responses:

-"Last two weeks activity does not signify a thing relative to long term trends."

-"One thing I learned in taking two semesters of statistics is that it is a math of complete manipulation! Get an idea in your head and, prove it using stats! Homes in Excelsior? Sunnyside? $500k Infinity condos? Come On!!!!!!"

-"I feel as the real story behind this story may be SF's southward gentrification trend. Nowadays the rails of the train are getting greased by superconforming and 20% down for "affordable" areas."

-"Hank may be right...I think below median priced homes are being sold fairly quickly...especially if a the 10-20% price drop allows someone who is living in a tiny 1 bedroom to move up to a 2 bedroom in the city. [...] I think the pain is being felt by what I call the "middle class luxury" units...the 2/2's priced in the 700-1000k range that are now dropping, but still not investment-worthy for those who don't have money to burn."

What do you think? Check out Plante's piece on the San Francisco real estate rebound, and draw your own conclusions. Be sure to leave those conclusions in the comments.
 
About this Blog
Eye on Blogs aims to be a one-stop source for hot topics and discussions happening on Bay Area blogs. We sift through hundreds of sites on a daily basis, offering up links to and commentary on the brightest, funniest, most engaging posts made by local bloggers, while providing a place to interact and converse about the issues of the day.
About the Author
brittneygilbertBrittney Gilbert has been blogging personally since 1999 and professionally since 2005. Before joining the CBS 5 team to write Eye on Blogs in 2007, she wrote a community blog for WKRN in her hometown of Nashville, TN.

She now resides in the Inner Richmond neighborhood of San Francisco. She can be found hooping, watching Twin Peaks or enjoying the company of friends. Email her with news tips, photos for sharing or just to say hello at  bgilbert@kpix.cbs.com.
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