Interesting Article in the San Francisco Chronicle: The Bay Area Bucks the National Trend

The San Francisco Chronicle ran a real estate article today showing the ups and downs of the real estate market. The story ran along with a Zillow heat map that showed average appreciating and depreciating ZIP codes in the Bay Area. I can’t say that the data behind the heat map is all correct. Especially, considering Zillow’s past record on predicting the value of Bay Area homes.

Yet, it is interesting to see that Berkeley, El Cerrito, parts of Oakland, Marin, San Rafael, San Mateo, Redwood City, Palo Alto, Cupertino and Santa Clara all seemed to buck the National downward trend. Historically the Bay Area housing market is the last area into a down market and first out. This report appears to show that we are weathering the National storm fairly well.