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Residential Real Estate in San Francisco Bay Area a Hot Investment for 2014
San Francisco offers a promising investment option for those looking for returns on investment through residential real estate. East Bay based real estate and property management firm, ACL Real Estate and Property Management, provides its take on the
According to the Emerging Trends in Real Estate 2014 report published by PriceWaterhouseCoopers and the Urban Land Institute, San Francisco is the top ranking real estate market in the country. The report puts the city in the #1 position for the second consecutive year due to its thriving economy, which is likely to see an addition of 2% more jobs in 2014. The report also mentions that respondents to the survey of top real estate markets in the US pegged San Francisco as a strong “buy” for all types of property. Multifamily housing continues to gain momentum due to demand from Gen Yers and Baby Boomers alike.
According to ACL Real Estate & Property Management, the Bay Area has seen price recovery in both 2012 and 2013, with the high-price tier of the housing marketing witnessing a surge in the spring of each year. This surge was especially noticeable in Spring 2013, led by an increase in buyer demand, coupled with low inventory levels, high consumer confidence and historically low interest rates. The demand is likely to continue in 2014, fuelled by new wealth from the mushrooming high-tech sector.
About ACL Real Estate & Property Management: With years of experience and a proven track record in quality service and reliability, ACL Real Estate & Property Management is one of the fastest growing full service real estate and property management firms in the East Bay and Peninsular areas. The company has a successful track record of assisting home owners in both selling and buying any type of property. The company also offers comprehensive property management services that ease the process of selecting tenants, maintaining the home and ensuring timely rent collection for homeowners.