If you bought a home in San Jose, San Francisco or Oakland during 2012 pat yourself on the back, your home has nearly doubled in value. According to Trulia, these Bay Area cities where some of the top markets in which to buy a home when the market reached its bottom more than three years ago. To determine this, Trulia factored in home value gains, job growth, wages, vacancy rates and rent increases since 2012.
- Since 2012 homes in Oakland have appreciated more than in San Francisco and San Jose, according to Trulia.
- Wages have improved by more than 20 percent in San Francisco during the past three years.
- Wages have improved by nearly double-digits in all these Bay Area cities since 2012.
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Inman Connect New York | January 29 - February 1, 2019