Fitch Ratings , the fin York global credit rating agency , reports that San Francisco Bay is experiencing a house price surge that is now unsupportable by the area ’s income levels . Figures from Fitch ’s latest US sustainable home price report indicate that San Francisco house prices reached an all - time high in Q3 2015 , up an overall 10 % in the past year ; 62 % above the post - recession rate of early 2012 . Furthermore , the San Francisco housing market is now around 20 % high . The last time the Bay has experienced such growth was reportedly during the dotcom era of 1997 - 2000 . Experts cite the booming technology industry as the key factor in this recent price surge although , as yet , it is not thought to be a cause for alarm .
Fitch Ratings, the New York global credit rating agency, reports that San Francisco Bay is experiencing a house price surge that is now unsupportable by the area’s income levels. Figures from Fitch’s latest US sustainable home price report indicate that San Francisco house prices reached an all-time high in Q3 2015, up an overall 10% in the past year; 62% above the post-recession low of early 2012. Furthermore, the San Francisco housing market is now around 16% overvalued. The last time the Bay area experienced such growth was reportedly during the dotcom era of 1997-2000. Experts cite the booming technology industry as the key factor in this recent price surge although, as yet, it is not thought to be a cause for alarm.