“A number of the cities that have done the best have been glamour cities,” said Robert Shiller, an economics professor at Yale University and co-creator of the S&P/Case-Shiller property-value indexes. “People have this speculative fervor. It comes back.”
A tight supply of homes and an increase in affordability fueled by record-low mortgage rates are helping shore up some regional markets where values plunged during the recession. San Francisco’s home prices rose at a 16 percent annual rate in the three months that ended in April, Case-Shiller shows.
At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.
If you have a gay real estate story that you’d like to share with us, contact us at [email protected]