San Francisco Housing

In December, almost 40 percent of the home sales were all cash. Redfin estimates that, on average, homes in San Francisco are selling for 60 percent to 80 percent over asking price. Most are gobbled up within 16 days of being listed, down from 61 days five years ago, when the nation’s real estate market was still soft. (NY Times)

Not a great time to be planning a move.

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