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Signs Of Real Estate Rebound In San Francisco

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Mar 12, 2009 2:57 pm US/Pacific

Signs Of Real Estate Rebound In San Francisco

 Eye On Blogs: Yay Or Nay On Rebound? Post Your Comments

(CBS 5) For months, housing prices have plummeted in the Bay Area. But there are now signs of a serious real estate rebound in San Francisco.

The real estate tracing firm Terradatum ran some numbers for CBS 5, which show that more San Francisco properties have gone into escrow in the last two weeks than at anytime in the last six months.

One reason is prices are down 10 percent city-wide, which has unleashed pent up demand. Adding to this are low interest rates, with 30-year-fixed rates now hovering around 5 percent.

Our video report has more.

(© MMIX, CBS Broadcasting Inc. All Rights Reserved.)

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